Michael Breazeale 🫧

@uncledoomer It will happen to their kids after they inherit the home.

Nobody wants to hear this, but this is what needs to happen to the boomers in America to fix the housing market for young people

Does your FICO score go up if you start using food stamps?

@Stake4z @The10minuteman @DennisCW_ The willingness for the average consumer to believe multi billion dollar companies give money away for free is a staggering. Every 0% loan benefits, the company giving it out.

@kaizenhacker @The10minuteman @DennisCW_ But that doesn’t change the money being free. It’s like Apple offering 0% interest on iPhones over 24 months. The money itself is free - it’s no different than if you bought the car or phone outright and destroyed it after a day - it’s value has clearly diminished

Overheard in LA today: “I just got a 0% for 6 years on New Tesla Model Y” Other person: “daaaang , that’s free money! “

@ThinkAppraiser The good years will get smaller and smaller relative to the past. And it will cost us trillions in interest to ignore until some generation has to start paying the price. The bill comes due.

The United States government has basically outlawed recessions at this point Own assets or be left behind

@FPalestine39570 @DennisCW_ Ok boss.

@kaizenhacker @DennisCW_ Cool story. Cars are not assets.

@FPalestine39570 @DennisCW_ They are considered depreciating assets. If there is no loan you can sell them to return some of your cost. If there is a loan you can sell them to payback some of the debt. So many people are upside down on their car loans b/c they buy new instead of 2-3 year old cars.

@kaizenhacker @DennisCW_ Cars are not assets

@The10minuteman @Stake4z @DennisCW_ This presumes that lenders are dumber than the average consumer. They don’t give away free money. You buy a car and if the car is upside down in a year they still have their money and you have a loan with effective interest.

@kaizenhacker @Stake4z @DennisCW_ Its a time value of money thing, thats why its free

@SkinnyFatJAMO @Stake4z @DennisCW_ YOU CANT GET A 0% INTEREST UNLESS YOU BUY THE CAR!

@kaizenhacker @Stake4z @DennisCW_ The money itself is free. The car is not.

@SkinnyFatJAMO @Stake4z @DennisCW_ It's a collatoralized loan. You must carry insurance AND not wreck the car AND pay it off to sell the car. You can't take the car out of the loan just cause you want to call it free.

@kaizenhacker @Stake4z @DennisCW_ It is by definition free money. Interest is cost of money, 0% interest is free money. Depreciation on the car is beside the point.

@SkinnyFatJAMO @Stake4z @DennisCW_ You try signing a loan and not paying it...

@APompliano MAHA has the right of it IMO. We eat ourselves into an early grave and processed foods are some of the leading reasons we have such poor outcomes.

This chart makes it seem like the United States is an outlier, but I get suspicious when I see “adjusted for inflation and price differences between countries.” Do we think this data set is accurate?

@Stake4z @DennisCW_ Loans must be paid back. The are by definition NOT free. If in 1 years time the person wants to sell their car, and they are upside down...they have LOST money on the purchase regardless of the 0% interest rate.

@kaizenhacker @DennisCW_ The money is free - not the car

@jimiuorio That's basically Milton Friedmans view on licensing boards. I favor optional certifications that 'earn' their pedigree but do not gatekeep advancement. But you don't want a bunch of kooks using leeches either.

Hot take..You should be able to be a lawyer or a doctor WITHOUT going to a formal school for those things…if we have comprehensive exams and a transparent rating system why should we care how the skills were learned…thoughts?

@Skwerilleee Libertarianism is perfect if you already have a foundational culture ordered on high trust. Compulsion exists in all societies...high trust societies just use shame instead of force. Low trust societies depend on a bigger stick to keep order.

The fact that everyone is not just naturally a libertarian is something I have a really hard time understanding. Like what gives so many people the compulsion to want to control other people's lives? Can't wrap my head around where the desire to do that even comes from..

@RepEliCrane When government guarantees no risk money (loans can’t be bankrupted) business models evolve to capture more money because they have no incentives to calculate downside risks.

Can anyone justify this?

@r00k @nikitabier Why? There’s an app for a reason.

@nikitabier I dare you to use the mobile version of the X website for one full day.

@NMoonitz Grace is hard for all believers. When we have a hard time, extending grace, we call the people who are not worthy of grace non Christians. Unfortunately, none of us are worthy of the grace. And pride gives us too much comfort.

Can someone please explain to me why people place Catholics in a different category than Christians? Aren't Catholics Christians?

@Catholicizm1 @alicefaith218 Jesus is not concerned with what humans consider beautiful. ““Woe to you, scribes and Pharisees, hypocrites! For you are like whitewashed tombs which on the outside appear beautiful, but inside they are full of dead men’s bones and all uncleanness.” Matthew 23:27 NASB2020

@alicefaith218 He is the King of Kings. He deserves our best.

There’s not a single Protestant argument that isn’t defeated in this 12 second clip.

@Catholicizm1 ““You shall not make for yourself an idol, or any likeness of what is in heaven above or on the earth beneath, or in the water under the earth.” Exodus 20:4 NASB2020 bible.com/bible/2692/exo…