Home Ownership

[Jibartik]

Originally Posted by Homesteaded [You must be logged in to view images. Log in or Register.]

Right now in this moment, sure. But we’re in a global supply chain issue that is causing it, not our economic policies.

I agree with you there.

Although I would argue that it's more than a global supply chain issue, and the 300 billion dollars evergreen spent on real estate that it defaulted on, and a whole bunch of other things.

The umbrella problem is speculation and investing trying to manufacture unlimited profits with limited supply.

America works better when it's a country where the little guy can comfortably invest in themselves.

We changed from that ethos to investing in the market and that has turned us all into savages.

[Homesteaded]

I’m all for more regulation of speculative markets.

[Whale biologist]

Originally Posted by blindedsoul [You must be logged in to view images. Log in or Register.]

There has been no time in history trickle down economics has worked, amazon pays the minimal amount they can to retain a workforce.

This is your shining example
[You must be logged in to view images. Log in or Register.]

The 1970's and 80's were the best time to buy a house in the housing market from nearly every perspective. The homes have appreciated greatly in value and equivalent incomes have not rose since Reagan came to power with "trickle down economics" Aka horse and sparrow economics saying if you feed the horses well enough the sparrows (us the working class) Will have good enough shit to pick through. You dont increase working incomes by lowering taxes on the ultra rich...

These are standard demand keynesian economics which make sense, vs this neo liberal crap conservatives have been pushing since reagan (Reagonomics piss on my back daddy)
Neo liberal economics aka trickle down derived from the Chicago school, Thatcher and the Reagan administration through the belief if you had more items on the shelf that would drive demand... (Supply side economics)

In reality when you tax corporate incomes to individuals above a million dollars it forces the corporation to have to reinvest that money into new ventures and not pay taxes or pay a high tax amount to support a healthy economy / give that employee more direct money.

Idk how many times I have to explain to thick people I have said income so many times but just takes one guy typing a conservative triggerword before you flare up screaming communism and net taxes.

If minimum wage kept up with productivity we would be earning 20 dollars an hour Source below.
https://public.tableau.com/app/profi...imumWage/Graph

Final edit, 15% mortgage is a flat out lie that can be proven with a quick google search. But just to prove homesteaded is lying again for the corporations he licks the boots of.

Thanks to Freddie Mac, there’s solid data available for 30-year fixed-rate mortgage rates beginning in 1971.

Rates in 1971 were in the mid-7% range, and they moved up steadily until they were at 9.19% in 1974. They briefly dipped down into the mid- to high-8% range before climbing to 11.20% in 1979. This was during a period of high inflation that hit its peak early in the next decade. (SHOCKER REAGANOMICS)
Source: https://www.rocketmortgage.com/learn...-30-year-fixed
Mortgage Rate At 8.5% (in 1970) - The New York Times

Actual truth in the matter in 1981 UNDER REAGANS PRESIDENCY/INFLATION got up to 18.5% in 1981

After all those lies homesteaded do you have any actual sources for the neo liberal boot licking bullshit you keep pedaling?

Ok, didn't read, but Warren and Bernie wanted a wealth tax.

That's stealing.

[unsunghero]

Originally Posted by Whale biologist [You must be logged in to view images. Log in or Register.]

Ok, didn't read, but Warren and Bernie wanted a wealth tax.

That's stealing.

Damn straight

Edit: and no I don’t like rich people, never gonna be one, don’t give two shits about the well-being of rich people

[Jibartik]

Bubble bubble bubble pop POP

[Gatordash]

I need to put some money in Zillow.

[Jibartik]

Not a bad idea, if everyone keeps playing the game that'll probubly pay off big time over the long run.

I dont think people can handle quitting the game so they'll keep increasing their debt just like the goverment does so it's prob a smart move Gator.

Come to think of it, statistically our generations parents blew our generations inheritances, I wonder if our generation will pass off as much debt to our children, as our parents generation inherited wealth from their parents generation before we started this downward spiral of everyone owes money to everyone system.

Like, at some point it's like, why not just take out loans indefinitely and then just forget about it when you die. It's what the goverment is doing. It's the only way to balance that budget or maintain an economy, so it makes sense that we'll trend that way over time in our personal lives.

I wonder.

[Jibartik]

They should rename the big short to the big trump supporter mew mew naval gaze mew.

[Gatordash]

Wrong. Stonks and houses never go down.

[Gatordash]

I think its finally happening. Home prices are starting to come down a bit and inventory is starting to go up a bit. I've been watching some of these 1/2 acre lots (tough to come by in Vegas) and a bunch have dropped like 50k in price over just the past 2-3 months.

Las Vegas housing market stabilizing despite record-setting growth

Housing Inventory: Active Listing Count in Las Vegas