#MemorialDay #graduations #summer #vacation #recreation #happiness #sadness #anger
It’s Memorial Day, 2024.
It’s supposed to be a day we reserve to honor those who died serving our country, and many people in many places do just that.
It’s also the beginning of graduation season, when our friends and family end one journey, and, presumably, start another.
It’s also the unofficial start of summer, which signifies warm weather, good times, vacation and leisure. Or, if you are a student ending a school year, perhaps you are starting a summer job.
No matter your situation, Memorial Day often is seen as a start or an ending.
This begs a thought: what should I start, or what should I end?
The healthy thinking here is to look forward to many good things you can make happen.
Are you angry all the time, but can’t put your finger on why? Perhaps you should start new behavior that will end that feeling. There is so much good out there and so many reasons to be happy and optimistic. Perhaps you can start by looking forward to, say, jumping in a pool, lake or ocean for a good time.
That may begin to take your mind off what makes you angry.
Are you sad more often than you are happy? Why do you feel that way? It’s understandable, on Memorial Day, if you are mourning someone lost in battle. When one loses a loved one by any means, it is difficult, if not impossible, to get past.
In such a case, you have to think that your loved one is in a better place, even if he or she is not with you. Then, you have to focus on things that make YOU happy. As the trees and flowers are in full bloom, it’s often little things like that that begin to take the edge off sorrow.
In the past few years, life seems to have hit people harder than it ever has. Many people have lost good jobs, and can’t find a job that comes close to replacing what they have lost.
What hasn’t been lost, usually, is the motivation to succeed. As the world changes, we may have to put that motivation into something new.
The effects of the pandemic of a few years ago still linger. In fact, the disease is still around. Yet, we have found ways to deal with it, like vaccines, so that if it comes back to us, we are more likely to handle it better than we would have at the beginning.
Things are costing more, be they groceries, housing, cars etc. At the same time, in many cases, people are getting paid more. If you are getting paid more than you were a few years ago, it’s only logical that the things you buy are going to cost you more. So, ask yourself: is getting that raise worth paying a little more for groceries?
The cost of housing has been discussed in detail here, and there are no easy answers. Sometimes, to provide for oneself, one has to watch what he or she spends, and evaluate the importance of each of those purchases.
So, as you have a meaningful Memorial Day, think of the people or things that mean the most to you. Think of ways you can improve yourself, your life and pursue happiness. It’s not always easy, but it is definitely healthier to pursue happiness than to harbor anger and/or wallow in sadness.
Peter
Monthly Archives: May 2024
IT’S TOUGH BEING A YOUNG ADULT, LOOKING FOR HOUSING
#housing #HousingCosts #YoungAdults #BuyingAHouse #SellingAHouse
It’s not easy being a young adult today, trying to build a life.
As Bill Torpy, columnist for The Atlanta Journal-Constitution, points out, the median price for a house in Atlanta today is $405,000. He discussed the perils of young adults and housing in his May 12, 2024, column.
If you are 20-something, married or single, can you afford $405,000 for a house?
With rents on apartments also skyrocketing, it’s no wonder many young people are still leaning on “the bank of mom and dad” for help.
There are a number of issues driving up housing costs.
In decades past, a young person could get an affordable apartment to live in until he or she was able to buy a house. After all, The American Dream included home ownership.
They would buy their first house and live there until they outgrew it. Then, they would sell it to buy a bigger house. They would keep trading up in housing size as needed, until they reached retirement age.
Then, they might sell their bigger house and trade down to a smaller one, perhaps in a retirement locale with the various amenities for older folks.
That pattern is more or less out the window today. Buying and selling real estate has become something of a cut-threat endeavor.
In those old days, a person starting out might offer a price for a house that was a bit less than the seller had asked. The seller, looking for a firm sale, would usually accept. Today, it’s more likely that a buyer will have to bid up from the asking price, and might still lose out.
The demand for housing today is way over what the supply is. Because people can’t make any more land, most property available for building has been spoken for. That caps the supply at a certain level, but the population has grown considerably from decades ago, and keeps growing.
Also in the housing mix are entities such as property management companies, hedge funds and real estate investment trusts that tempt sellers with cash offers, leaving many young buyers out of luck.
Meanwhile, apartments and condos are going up like crazy in some areas.
Often, new apartments mean high rent, and new condos can be overpriced and have high owner fees to maintain common areas etc.
Tiny houses, and housing made from shipping containers also have been trending. These are not an option if one plans to have a family, or even a spouse.
Something else is happening today. Many young adults want everything now. They won’t settle for a fixer-upper, or rooms they view as too small. Many want what they are used to – what their parents have. And, they want it now. They are unwilling to accept something less, and work up to what they ultimately want.
If you are young, and do not want to live with mom and dad for the rest of your life, flexibility is the key. Chances are, even if you buy or rent someplace that’s not exactly what you want, figure on making do until you can save enough to afford more. As you trade up, you may not get everything you want at each stage. But, with each stage, you may get something more.
It’s not always possible in some areas to find adequate, affordable housing. But, if you keep looking, you may run into something you can work with. By the way, try not to get too comfortable living with mom and dad.
Remember, too, that a house is a house. A home is what you make with the house you have.
Peter
It’s not easy being a young adult today, trying to build a life.
As Bill Torpy, columnist for The Atlanta Journal-Constitution, points out, the median price for a house in Atlanta today is $405,000. He discussed the perils of young adults and housing in his May 12, 2024, column.
If you are 20-something, married or single, can you afford $405,000 for a house?
With rents on apartments also skyrocketing, it’s no wonder many young people are still leaning on “the bank of mom and dad” for help.
There are a number of issues driving up housing costs.
In decades past, a young person could get an affordable apartment to live in until he or she was able to buy a house. After all, The American Dream included home ownership.
They would buy their first house and live there until they outgrew it. Then, they would sell it to buy a bigger house. They would keep trading up in housing size as needed, until they reached retirement age.
Then, they might sell their bigger house and trade down to a smaller one, perhaps in a retirement locale with the various amenities for older folks.
That pattern is more or less out the window today. Buying and selling real estate has become something of a cut-threat endeavor.
In those old days, a person starting out might offer a price for a house that was a bit less than the seller had asked. The seller, looking for a firm sale, would usually accept. Today, it’s more likely that a buyer will have to bid up from the asking price, and might still lose out.
The demand for housing today is way over what the supply is. Because people can’t make any more land, most property available for building has been spoken for. That caps the supply at a certain level, but the population has grown considerably from decades ago, and keeps growing.
Also in the housing mix are entities such as property management companies, hedge funds and real estate investment trusts that tempt sellers with cash offers, leaving many young buyers out of luck.
Meanwhile, apartments and condos are going up like crazy in some areas.
Often, new apartments mean high rent, and new condos can be overpriced and have high owner fees to maintain common areas etc.
Tiny houses, and housing made from shipping containers also have been trending. These are not an option if one plans to have a family, or even a spouse.
Something else is happening today. Many young adults want everything now. They won’t settle for a fixer-upper, or rooms they view as too small. Many want what they are used to – what their parents have. And, they want it now. They are unwilling to accept something less, and work up to what they ultimately want.
If you are young, and do not want to live with mom and dad for the rest of your life, flexibility is the key. Chances are, even if you buy or rent someplace that’s not exactly what you want, figure on making do until you can save enough to afford more. As you trade up, you may not get everything you want at each stage. But, with each stage, you may get something more.
It’s not always possible in some areas to find adequate, affordable housing. But, if you keep looking, you may run into something you can work with. By the way, try not to get too comfortable living with mom and dad.
Remember, too, that a house is a house. A home is what you make with the house you have.
Peter
WILL OFFICE SPACE UPGRADES BRING WORKERS BACK?
#WorkFromHome #OfficeSpace #PersonalInteractions #jobs #employers #employees
Companies that require office workers face a dilemma.
Since COVID-19 forced many workers to toil from home, some workers don’t want to come back to the office.
Their employers who pay for the office space want more workers to come back, at least once in a while.
Some, like Cisco in its Midtown Atlanta offices, are resorting to upgrading their office space by focusing on improving indoor environmental factors, according to an article by Zachary Hansen in The Atlanta Journal-Constitution. The article was published April 14, 2023.
In fact, as a new Portman Midtown Atlanta office tower goes up, it may be the last of its kind for a while, Hansen writes in an article published May 13, 2024.
But, will those things entice workers back into the office? Many have gotten used to working from home, or somewhere else. The advantages – no commute, no buying lunch at work and other money savings, for example – outweigh the disadvantages – no office worker interaction, distractions at home etc.
That puts companies in somewhat of a bind. How much office space do they really need? Does having an office building, or office space in general, give a company an identity that makes it worth having? Is upgrading office space to entice workers back going to be worth the investment? Will workers respond by coming back into the office?
These are the decisions of the future, both for companies and their employees. If a company forces workers to come back into the office, will they quit?
If a worker has a great job he or she doesn’t want to lose, will he or she give up the freedom that working from home gives them?
Will being home, with young children, be too much of a distraction for workers? Will they then bear the expenses of commuting, day care etc.?
Of course, many workers dream of having these alternatives. Many workers HAVE to go to work at a specific location. They cannot possibly do their jobs from home. They must interact with bosses, customers, coworkers etc.
But, if there are choices available, is there a way a worker can have it all with some sort of hybrid work schedule?
As discussed here before, if workers can do their jobs remotely, they can essentially live anywhere. They don’t have to be in a high-cost, high-tax locale, even if their employer is.
They can live where they want and still have the job they want.
But, as a society, do we want to encourage such a solitary lifestyle? Of course, essentially working alone cuts down on arguments. You don’t have to sit at a lunch table with someone you don’t like, or with whom you disagree on just about everything.
Still, we all benefit from having personal interactions with people. Some service organizations who meet regularly, even if they don’t require regular attendance, encourage it because club members are deprived of the presence of those who are absent. They see that as a loss.
So, most people will make decisions about where and how they work based on personal preference, unless companies impose requirements.
We will all miss something if too many people do not interact with one another. The workplace is the easiest, and often the best, place to do that.
Peter
Companies that require office workers face a dilemma.
Since COVID-19 forced many workers to toil from home, some workers don’t want to come back to the office.
Their employers who pay for the office space want more workers to come back, at least once in a while.
Some, like Cisco in its Midtown Atlanta offices, are resorting to upgrading their office space by focusing on improving indoor environmental factors, according to an article by Zachary Hansen in The Atlanta Journal-Constitution. The article was published April 14, 2023.
In fact, as a new Portman Midtown Atlanta office tower goes up, it may be the last of its kind for a while, Hansen writes in an article published May 13, 2024.
But, will those things entice workers back into the office? Many have gotten used to working from home, or somewhere else. The advantages – no commute, no buying lunch at work and other money savings, for example – outweigh the disadvantages – no office worker interaction, distractions at home etc.
That puts companies in somewhat of a bind. How much office space do they really need? Does having an office building, or office space in general, give a company an identity that makes it worth having? Is upgrading office space to entice workers back going to be worth the investment? Will workers respond by coming back into the office?
These are the decisions of the future, both for companies and their employees. If a company forces workers to come back into the office, will they quit?
If a worker has a great job he or she doesn’t want to lose, will he or she give up the freedom that working from home gives them?
Will being home, with young children, be too much of a distraction for workers? Will they then bear the expenses of commuting, day care etc.?
Of course, many workers dream of having these alternatives. Many workers HAVE to go to work at a specific location. They cannot possibly do their jobs from home. They must interact with bosses, customers, coworkers etc.
But, if there are choices available, is there a way a worker can have it all with some sort of hybrid work schedule?
As discussed here before, if workers can do their jobs remotely, they can essentially live anywhere. They don’t have to be in a high-cost, high-tax locale, even if their employer is.
They can live where they want and still have the job they want.
But, as a society, do we want to encourage such a solitary lifestyle? Of course, essentially working alone cuts down on arguments. You don’t have to sit at a lunch table with someone you don’t like, or with whom you disagree on just about everything.
Still, we all benefit from having personal interactions with people. Some service organizations who meet regularly, even if they don’t require regular attendance, encourage it because club members are deprived of the presence of those who are absent. They see that as a loss.
So, most people will make decisions about where and how they work based on personal preference, unless companies impose requirements.
We will all miss something if too many people do not interact with one another. The workplace is the easiest, and often the best, place to do that.
Peter
YOUTH FACING FINANCIAL DISTRESS
#CampusProtests #youth #FinancialSecurity #GenerationalWealth #frustration
In generations past, parents always wanted their children to have it much better than they did.
Often, that was achieved. If parents worked at manual jobs, they wanted their kids to go to college, so they would not have to do manual jobs.
Many of today’s young people see no way they can have a better life, at least economically, than their parents.
That is, short of inheriting the wealth their parents accumulated.
Many of these young people come out of college with huge student debt. If they become, say, schoolteachers, there is hardly any way they can pay off that debt AND buy a house AND start a family etc., as far as they can see.
The protests on college campuses today seem to be over the war in the Middle East. But, author Scott Galloway, in his book, “The Algebra of Wealth: A Single Formula for Financial Security,” says young people are not seeing themselves as ever becoming better off than their parents.
That may lead to the frustration some students are expressing in the campus protests.
Galloway appeared on “Inside with Jen Psaki” on MSNBC May 5, 2024.
From another perspective, Nedra Rhone, “Real Life” columnist for The Atlanta Journal-Constitution, writes that this year’s college graduates may have been deprived of both of a high school graduation ceremony because of the COVID-19 lockdowns of four years ago, and now perhaps of a college graduation ceremony because of the campus protests.
You have to feel for this generation, Rhone says. Her column on the subject also was published May 5, 2024
Financial security for young people – again, short of a big inheritance from mom and dad – is getting harder to achieve.
Today, unlike in decades past, going to work is a big cost in terms of commutes, child care etc. If the return paycheck hardly compensates for that, frustration can build. Working from home, if allowed, can ease that stress, but not everyone has that ability.
The good-paying jobs that result from expensive college educations don’t pay as well as one might think, when comparing the cost of living today with the cost of living their parents faced.
Housing costs are way up from decades ago, both in home prices and rents.
If one becomes a teacher, and, perhaps, marries another teacher, even both of their paychecks may not give them enough to house themselves and otherwise enjoy life.
We are not even talking about those who do not get a college degree. Of course, those who go into the trades – plumbers, electricians etc. – can do very well because they will always be in demand. But, surprisingly few kids are exploring that route. After all, the work can be hard and long. Many may have even watched parents work hard in trades, and don’t want to do that.
So, the frustration among young kids today may have been building over time. Some may feel quite hopeless, which may spawn mental illness.
They may find the jobs they WANT to do don’t pay enough. They either have to do something else they may not like, have a “side hustle” in their free time or try to scrape together a living with what they make doing what they like.
Some still lean on mom and dad for help well into their adult lives. How on earth, some are thinking, are they ever going to retire?
There is no better formula, perhaps, than to live below one’s means, if that’s even possible, and put the leftover money into savings. Each time one gets a raise, put that into savings, if possible.
There is no easy answer for this young generation. But, by all means, they should focus on optimism, relationships and finding less costly enjoyments in life.
Peter
In generations past, parents always wanted their children to have it much better than they did.
Often, that was achieved. If parents worked at manual jobs, they wanted their kids to go to college, so they would not have to do manual jobs.
Many of today’s young people see no way they can have a better life, at least economically, than their parents.
That is, short of inheriting the wealth their parents accumulated.
Many of these young people come out of college with huge student debt. If they become, say, schoolteachers, there is hardly any way they can pay off that debt AND buy a house AND start a family etc., as far as they can see.
The protests on college campuses today seem to be over the war in the Middle East. But, author Scott Galloway, in his book, “The Algebra of Wealth: A Single Formula for Financial Security,” says young people are not seeing themselves as ever becoming better off than their parents.
That may lead to the frustration some students are expressing in the campus protests.
Galloway appeared on “Inside with Jen Psaki” on MSNBC May 5, 2024.
From another perspective, Nedra Rhone, “Real Life” columnist for The Atlanta Journal-Constitution, writes that this year’s college graduates may have been deprived of both of a high school graduation ceremony because of the COVID-19 lockdowns of four years ago, and now perhaps of a college graduation ceremony because of the campus protests.
You have to feel for this generation, Rhone says. Her column on the subject also was published May 5, 2024
Financial security for young people – again, short of a big inheritance from mom and dad – is getting harder to achieve.
Today, unlike in decades past, going to work is a big cost in terms of commutes, child care etc. If the return paycheck hardly compensates for that, frustration can build. Working from home, if allowed, can ease that stress, but not everyone has that ability.
The good-paying jobs that result from expensive college educations don’t pay as well as one might think, when comparing the cost of living today with the cost of living their parents faced.
Housing costs are way up from decades ago, both in home prices and rents.
If one becomes a teacher, and, perhaps, marries another teacher, even both of their paychecks may not give them enough to house themselves and otherwise enjoy life.
We are not even talking about those who do not get a college degree. Of course, those who go into the trades – plumbers, electricians etc. – can do very well because they will always be in demand. But, surprisingly few kids are exploring that route. After all, the work can be hard and long. Many may have even watched parents work hard in trades, and don’t want to do that.
So, the frustration among young kids today may have been building over time. Some may feel quite hopeless, which may spawn mental illness.
They may find the jobs they WANT to do don’t pay enough. They either have to do something else they may not like, have a “side hustle” in their free time or try to scrape together a living with what they make doing what they like.
Some still lean on mom and dad for help well into their adult lives. How on earth, some are thinking, are they ever going to retire?
There is no better formula, perhaps, than to live below one’s means, if that’s even possible, and put the leftover money into savings. Each time one gets a raise, put that into savings, if possible.
There is no easy answer for this young generation. But, by all means, they should focus on optimism, relationships and finding less costly enjoyments in life.
Peter