Craven
3.6K posts
@jonbrooks Once you understand that the value of money decreases every year, you'll understand that home prices aren't really going up after inflation.
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This chart is why housing is cooked over the next 15-20 years.
The entire housing boom was built on:
• Peak boomer spending
• Peak household formation
• Peak leverage
• Peak asset inflation
Now look what happens next:
An aging population moving into retirement while affordability collapses for younger buyers.
That is not bullish for:
• Home prices
• Rent growth
• Consumer spending
• Property taxes
• Local economies
People still think housing is driven by “shortages.”
Demographics drive everything.
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There looks to be a burgeoning amount of money in enough people's pockets that interest rates will keep climbing. If the government decides to artificially lower interest rates to service the debt it'll cause a secondary wave of inflation. Be prepared to buy gold and silver.
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@nick_kapur If the government could solve every problem with more money, they would have done it with the first 39 Trillion.
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In this case, Bezos is actually correct, but only because Jeff Bezos pays almost zero taxes.
Because he pays himself almost no salary, and borrows against his massive amounts of stock for income, his effective tax rate is almost zero, and as we know, doubling zero is zero.
Jacobin@jacobin
Billionaire Jeff Bezos says redistributing his wealth “won’t help.” “You could double the taxes that I pay, and it’s not going to help that teacher in Queens. I promise you.”
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@micah_erfan You ignored a clear trend to bring partisan politics into the discussion. Bravo
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Have you considered the possibility that all the educated people oppose Trump because he actually sucks???
Evan 🏛️🪶🌹@Grand_Ole_Evan
I don’t think people realize what an existential threat to civilization this is.
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@VladTheInflator Reminder, every 10% increase in the money supply offsets this.
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Reminder, every 1% increase in mortgage rates means your home is worth 10% less.
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Men who marry their high school sweetheart don't have to deal with the conditional love that defines post college relationships.
Women become more selfish after being let down a few times to protect themselves.
Asanwa.sol@Chizitere_xyz
The hardest pill for women to swallow is that average men love us far more unconditionally than we love them. A regular guy making a standard wage will gladly date a woman with zero income, pay for her meals, and support her dreams without ever making her feel inadequate. But the exact second an average-earning man loses his job or hits a financial rough patch, a massive percentage of women instantly lose respect and look for an exit. We demand unconditional loyalty, but only offer conditional love.
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@CarolinaLion2 This thread:
People who can create a goal and execute.
People who can't and want others to subsidize their failure.
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Saving $780.00 a month nets you $9,360.00 a year. Average home price in America: $514,600.00. You will have enough money to buy an average priced home in 54 years if you follow this asshole's advice of working like a slave and living on prison rations your entire adult life.
Joel Berry@JoelWBerry
Saving $26 per day on lunch alone? That’s $780 per month. That absolutely could be the difference between affording a starter home or not.
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@foolrushingin @BitPaine If you make that much in America you are considered poor and get free healthcare and college anyway. There is no financial advantage to being a European.
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@WrassleLizard @brucefenton The modern Democrat party wants to censor everyone online and lock people up for hate speech so they can have total control over political discourse. It's happening in university and Western countries abroad.
That's pure evil in the form of totalitarianism.
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@brucefenton Swallow the true pill and admit Trump is far more corrupt than your best 5 examples of Democrat corruption combined. Until you put it in that context, instead of both sidesing it, the only thing you are swallowing is Trump’s load.
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The hardest thing for Trump die hards to accept and understand is that just because the Dems were corrupt and horrible on everything (and they were!) doesn’t mean Trump was a good guy. Both sides are horrible. That’s a hard pill to swallow.
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@GermanJakhammer @sircalebhammer In the USA, if you make the median household salary of a UK household you're considered poor and healthcare is free anyway.
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@sircalebhammer Oy bruv! We maybe a lot of penniless blokes but at least we have government run healthcare mate.
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If the United Kingdom were a US state, it would rank dead last on income per person, behind every single one of the 50 US states & DC. The average Briton, when asked to guess, said 7th. How did this happen? Basically... the UK is DONE. Watch today's doc: youtu.be/ITFz2aDjKxY
YouTube
Douglas Carswell🇬🇧🇺🇸@DouglasCarswell
How Mississippi overtook the UK. Free markets work.
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@GordonJohnson19 Unpopular Opinion: Wage increases and record stock levels have made homes affordable again to enough people that prices won't crash significantly from this point.
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It’s ABSOLUTELY great for people who don’t own houses.
Will Meade@thechartdr
I believe the 30 year treasury bond yield is now at a 19 year high, 5.11% today. Obviously that‘s not good for stocks, the housing market or consumers. Yikes
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@Socdem_Michael Record levels of spending during an economic slowdown led to record amounts of inflation and an affordability crisis we haven't been able to shake to this day.
He was a bad president for eroding our quality of life.
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Gaza is a permanent stain on his legacy, but other than that he was a good president by most metrics. Just unlucky because of Covid causing global inflation.
He had the most pro-worker cabinet in recent history, strengthened unions, ended the Afghanistan forever war, cut drone strikes by like 90%.
Bro was just too old and sleepy to defend his own record on a debate stage.
Micah Erfan@micah_erfan
There is only one President in the past 25 years who started 0 wars. This guy.
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@jonbrooks @DonMiami3 In this economy only the rich and the poor live well due to extremely lucrative government benefits. The middle class are the biggest losers.
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@DonMiami3 yes, it really is dividing quickly.
I have friends who earn $80k and $60k each and it's just not enough even more.
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The delinquency data is astonishing
What we’re seeing is much beyond ‘K-shaped economy’ - the current phrasing is an ‘I-shaped’ one, & third world devolution that kills class mobility
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People who think home prices are going to crash don't realize that they already have, inflation just hid the decline.
The Kobeissi Letter@KobeissiLetter
@TKL_Adam We are now dealing with compounding inflation in the US. Not only did inflation fail to fall to the Fed's 2.0% target, but we also have inflation on top of inflation. As a result, the US Dollar has lost ~30% of its purchasing power since 2020, a historic collapse in value.
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@VerminusM Right wingers are jailed for organizing effective protests. Left wingers are caught and released with no charges.
The consequences determine what you're seeing.
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Why is the left so much better and quicker at organizing protests than the right? By the time the right has 200 people in a square with signs their kids painted on Bristol papers, the left has 100,000 people with professionally printed giant posters. What's their edge?
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@jonbrooks The US dollar went from being exchangeable for gold at any bank to monopoly money printed at the government's whim.
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If housing prices had simply followed income growth since 1970, the average home today would be $138,000.
So… what actually broke?
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@SteveHiltonx @JTLonsdale I like the enthusiasm, but Democrats believe that cutting government spending is hyper illegal and will not allow it. I don't think you have the back bone to force the issue.
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No more punishing California families! As Governor, my plan delivers $0 state income tax on the first $100,000 you earn — and a simple 7.5% flat tax above that.
No property tax hikes.
We’ll pay for it by getting spending back under control.
Time to make California affordable again! ☀️
stevehiltonforgovernor.com/policy/a-calif…
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@blesdbyYou @SteveHiltonx The state forced the lowest cost insurance companies to operate at a loss instead of raising prices so they closed up shop.
The only insurance companies left are the ones that aggressively price gouge for their shareholders.
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@SteveHiltonx & pls something w/ the home insurance prices. This year my H/O insurance increases to 39%, & when I read the declaration page it’s all due to added CA regulations and I have to pay an additional $40/yr for 2 yrs for supplemental fee? RIDICULOUS! It's so unlivable now here in CA!
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In the richest country on earth, young people shouldn't have to wait until age 40 to buy a home - 12 years after first-time buyers in 1991.
Young people shouldn't have to fear a lower standard of living than their parents.
We need an economy that works for all, not just the 1%.
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