Posted by NY 986 on March 24, 2021 at 07:25:07 from (67.249.255.74):
In Reply to: Coming to a Cross Road posted by Bruce from Can. on March 24, 2021 at 07:03:08:
Just my opinion but an investment in your son is an investment in your future. What we saw in North America the last couple of generations in terms of retirement was a departure from what was seen in earlier chapters of humanity. I see humanity heading back to the earlier times where retirement meant a very modest existence with minimal discretionary personal spending. This means that the generations will be much more closely entwined which we saw historically versus the last 50-60 years where the kids left the nest at age 18 and had means to build a prosperous life from scratch. Just in the last couple of days we saw a thread here on how real estate keeps going up in value. That is happening because the Boomer generation is perhaps the best financed generation in history. What happens when that generation starts to fade (already happening) and the 45,000 dollar annual income Gen X, Gen Y, Millenials, etc.have to shoulder appreciation of real estate values. The short answer is that it can't do the lifting that a couple that made well in excess of 6 figures in terms of keep values pumped up.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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