Recent comments in /f/dataisbeautiful

Apartment_List OP t1_j9qsz9r wrote

This chart uses 100+ years of US Census data to show homeownership rates for each generation at different stages of life.
A lot has been said about millennials struggling to afford homeownership. But by age 40, white millennials have reached a homeownership rate of 70%, higher than Gen X and only a few percentage points shy of earlier generations. However for Black millennials, only 39% own homes by age 40. For three consecutive generations, the Black homeownership rate has slipped and the racial homeownership gap has widened.
Some additional commentary for each generation:
GREATEST (born 1901-1927)
The fastest growth in US homeownership took place between 1940-80, when the Greatest generation was in their 30s-70s. This was driven by a post-WWII construction boom and mass migration to the suburbs. The era was characterized by legal racial discrimination, worsening segregation, and “white flight.” White families bought homes in the suburbs, while Black families bought homes in the emptied city centers.
SILENT (born 1928-1945)
The suburban housing boom also boosted homeownership for the Silent, who were in their teens-50s at the time. For both white and Black households, Silent homeownership would eclipse Greatest homeownership.
BABY BOOMER (born 1946-1964)
The oldest generation hit by the Great Recession. Boomers were 44-62 in 2008 and you can see their homeownership rates dip during those ages. But the effect was worse for Black homeowners, who were 76% more likely than white homeowners to experience foreclose during the market crash.
GENERATION X (born 1965-1980)
The unequal effects of the recession hit younger generations too: Gen X was in their 30s and 40s. White Gen Xers reached 50% homeownership by age 29, whereas it would take Black Gen Xers until age 54.
MILLENNIAL (both 1981-1996)
Millennials came of age during the housing bubble and homeownership has grown slower than previous generations. Black millennial homeownership is growing at a similar pace to white households born nearly 100 years earlier.
Full Report:
Black homeownership rebounding but stagnant since the 1970s
Data Source:
US Census Bureau, Decennial Census (1920-1990) and American Community Survey (2020-2021). Microdata accessed via IPUMS USA, University of Minnesota.
Chart designed in R using packages ipumsr, dplyr, ggplot2.

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tilapios t1_j9ql8so wrote

The article also has a line graph of Russian imports that shows they have recovered to more or less pre-invasion levels. That would seem to be pretty convincing evidence that Russian is not isolated from trade, regardless of how country circle sizes are scaled in the other figures.

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goodluckonyourexams t1_j9qhjsd wrote

It is a substantial argument. Military spending for civil research progress is super inefficient.

audits literally cost money but I wasn't trying to say that their cost increase would surpass the savings

yeah I believed you already and 2x/3x for a common thing is crazy

Wouldn't say ridiculous since we could have it. It's just a hypothetical scenario to explain something. Obviously we would gain all military expenses if military wasn't necessary because wars are possible. If military was only about defense of own country, USA could drop all except nuking capabilities.

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BigEOD t1_j9q5cs5 wrote

Oh ok, thank you for the very pointed and substantial argument against how many things you enjoy were borne of military spending.

Also the audits don’t cost money, it’s the rules we follow so that contractors (usually those evil big businesses I know you hate) get to charge 20-30% more because of those dumb rules.

I do construction management, and have many friends in the industry that do both govt and commercial. A good example is a 7.5 ton package HVAC unit. Outside world would pay 12-16k to hook it up to a building, while I was quoted 24k and 34k by different firms. Imagine that happening tens of thousands of times across the govt, not just the military and that’s the best place to start with reducing our govt budget.

In your perfect world with one govt how would that happen? You’d need a military to conquer all the people you’d like to have a benevolent world govt for and none will go without fighting for their sovereignty. So that idea is ridiculous and unrealistic.

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goodluckonyourexams t1_j9q4hor wrote

If audits really solve the issues procurements try to solve without additional costs, then sure, sucks how ineffcient everything is.

Ah you know, I know what a military is. Imagine there was only one country, then any military spending would be a waste.

>Also many daily technology things you use, like the internet we are having this discussion on, was invented either by or for the military.

blabla, that's a stupid af argument

Like imagine the R&D 800 billion could give.

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BigEOD t1_j9q2seq wrote

Fat fingered, not sure where the nut thing comes into play.

I can’t speak to high level corruption, but at the low levels we are so audited and so controlled everything is proper. If they just allowed us to do things differently at the low level we could save billions.

And if you think the military is zero value, you should tell Ukraine that. Or Europe for that matter, as the Ukraine war has greatly impacted energy prices and the world economy.

And saying no one should have a military is about as stupid as saying no one should have a gun. Your tree correct that if there was no violence we wouldn’t need the means to do it, but people are violent so we need the means to protect ourselves and our interests.

Also many daily technology things you use, like the internet we are having this discussion on, was invented either by or for the military. Even LCD screens were invented by a military scientist in his spare time, I got to meet him once.

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