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[–] RedditDead2005-2015 ago 

For many living in NYC, more than half of the paycheck goes towards rent. You really are working just to pay the land lord like a serf.

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[–] Sikozen 1 point -1 points (+0|-1) ago 

This is why I don't understand why we keep calling it the 'Financial Crisis' and 'The Recession' when really it was another Great Depression orchestrated by the companies deemed too big to fail. We lived through the 2nd Great Depression and people should address it as such.

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[–] Zardoz ago 

I'm happy to see this on Voat and getting some news because I think its the single biggest story of a generation that has gotten next to zero attention.

And too many young people mistakenly think that their parents generation is part of the problem or caused this etc but actualy the 40s people today did NOT do well and took a lot of the brunt and its actually shocking how many I know who didn't own a house. never owned a house. but those who did waited until the were closer to 40 AND now I'm seeing half of those people lose/sell the house and go renting instead. Not because they want to. This wasn't their dream.

Of course, its not the story about owning or renting. Its about what happened to that generation and why their dreams just weren't going to happen. (and may never).