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re: Let's get political!
Posted on 5/28/26 at 9:26 am to Wwarmouth
Posted on 5/28/26 at 9:26 am to Wwarmouth
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Posted on 5/28/26 at 11:38 am to Wwarmouth
quote:
Not a wealth gap tho lol
Welfare in an inflationary environment has a way of constricting consumer spending. Doesn't it?
The wealth gap is a bullshite construct because it has existed in this format since compound growth was discovered. Nothing has changed.
If you have $1000 and I have $100 and we both grow assets at 10%.
Now you have $1100. I have $110. The wealth gap expanded from $900 up to $990 under equal treatment.
The wealthy literally must have 0 growth in order to avoid an expansion. Which is ridiculous on its face.
If my wealth goes up 10% on an annual basis, that is great news. Regardless of what happens to your wealth.
The poor in the US are better than 99.9% of the people in the history of Earth. But communists and socialists prefer to focus on the .0001%. And they treat basic economics as evil.
Posted on 5/28/26 at 11:47 am to Wwarmouth
quote:
Not a wealth gap tho lol
In addition to the bullshite concept that the wealth gap expands if the wealthy increase at 1%, you have the unaddressed problem of $0 in an inflationary environment.
We are all born naked.
Except for .1% of us, we are born poor. Any money is our parents money. Or grandparents money. Not our own.
So we all virtually start at $0. $0 (and negative) doesn't compound growth.
The first action for every American is to pull ourselves out of negative wealth before we can even participate in growth.
Everyone who has figured out how to get out of negative wealth can begin to grow.
Some other poster mentioned that the "balloon inflates at both sides". But it can't. $0 is a hard number. And it is a number that doesn't compound at all. Inflation doesn't stop, though.
For as long as people are born, there will be the problem of $0 in relation to the fake wealth gap. Inflation will make $100 meaningless just like it did to the $1 and to the $0.10 before it.
A penniless person will be further and further away from buying a Big Mac.
And this bullshite wealth gap will always be littered with $0 and negative worth individuals constantly compared to inflationary future dollars.
Posted on 5/28/26 at 12:18 pm to meansonny
quote:
Now you have $1100. I have $110. The wealth gap expanded from $900 up to $990 under equal treatment
Equal treatment doesn't exist across generations or inflection points. That's fantasy land.
Money was printed to save boomers retirements post COVID and it shot housing up to almost double with more than double interest rates. How do you ignore the difference between those who bought property pre 2019 and those after?
Sure you can overcome that still today but on average those two groups did not run the same race and most will not be able to close the gap.
Posted on 5/28/26 at 2:18 pm to Wwarmouth
quote:
Equal treatment doesn't exist across generations
I have no clue what you are saying.
All generations start poor. All generations have had generational struggles.
quote:
Money was printed to save boomers retirements post COVID
Money has been printed since Clinton/Gingrich left office.
It is one of the problems of democracy (pandering other people's money to every project under the sun).
We are in a housing bubble in 2026 caused by covid spending, restrictions on cost inputs, and inflated immigration. Real estate is difficult to discuss because it is regional.
My personal home had 0 growth for 10 years (purchased in 2006).
Then growth was reasonable/traditional from 2016 to March 2021 (3+%). And then the home spiked $100k in value (33% growth) by March 2022. Im up $50k over the past 4 years (back to 3.4%/yr over the past 4 years).
Since 2006, my home has appreciated 3.37% per year. But because of low interest rates and wage growth, housing supply was extremely restrictive in 2021-2022.
All of that is to say that covid spending had everything to do with pandering and control. Nothing to do with retirement.
Im Gen X. But no one comments on the retirement bumps that boomers had in 1973. 1987. Dot Com crash in early 2000s. 2008. Social media panders nothing other than "my existence is so much worse".
You know what? Your kids will say that. Your grandkids will say that. And not because it is worse. But because of the unknown unknowns of youth.
Posted on 5/28/26 at 2:37 pm to meansonny
You are proving my point. You were able to enter the housing market at the best point in history because you were born in a different generation.
Your house is now worth whatever %more. If s person in gen Z were to enter the market now, they are paying more at a higher rate. And wages haven't kept up with the housing increase. Younger boomers and Gen x were nowhere close to retirement during the dor com bubble and COVID dip lasted like 6 months and the market has recovered at a record pace.
I don't see why you can't admit that millennials and Gen z are playing a completely different game than previous generations. It's not really even an opinion it's just a fact.
Your house is now worth whatever %more. If s person in gen Z were to enter the market now, they are paying more at a higher rate. And wages haven't kept up with the housing increase. Younger boomers and Gen x were nowhere close to retirement during the dor com bubble and COVID dip lasted like 6 months and the market has recovered at a record pace.
I don't see why you can't admit that millennials and Gen z are playing a completely different game than previous generations. It's not really even an opinion it's just a fact.
Posted on 5/28/26 at 2:43 pm to Wwarmouth
quote:
You are proving my point. You were able to enter the housing market at the best point in history because you were born in a different generation.
You are proving my point.
2006 was the worst time to enter the housing market. When the US housing market has 3.8M forclosures, 2026 will be a worse housing market than 2006. Did you completely misread where I typed that my home had zero growth for 10 years? None.
Stop being ignorant.
Stop being a dumbass.
Posted on 5/28/26 at 2:48 pm to meansonny
Yeah you never want to buy an asset at low point. Buy high and sell low like they say. I mean who could have known that houses would still be needed down the road.
You are really struggling today man
You are really struggling today man
Posted on 5/28/26 at 2:51 pm to Wwarmouth
You literally said that 2006 was the best time to buy a house. And im lucky.
You have zero clue about the economy or history.
How can any sane person say that?
You have zero clue about the economy or history.
How can any sane person say that?
Posted on 5/28/26 at 2:59 pm to meansonny
You are playing semantics. Me saying best point in history didn't mean your exact purchase date.
I would rather buy a house for the price you paid in 2006 with 4% average growth for 20 years than pay for a new house today though, 100%
I would rather buy a house for the price you paid in 2006 with 4% average growth for 20 years than pay for a new house today though, 100%
Posted on 5/28/26 at 6:51 pm to Wwarmouth
Posted on 5/29/26 at 12:26 pm to Wwarmouth
quote:
I would rather buy a house for the price you paid in 2006 with 4% average growth for 20 years than pay for a new house today though, 100%
No shite.
The adage is older than me.
The best time to buy a home is 20 years ago. The second best time to buy is today.
Ignorance isn't semantics.
2006 was the worst real estate bubble in the country's history.
The run up in prices from 2002 to 2006 was all bad. Even more growth than 2020 to 2025.
People today do not know shite.
And they pluck about like the pigeon when their ignorance is pointed out.
Posted on 5/29/26 at 1:04 pm to meansonny
It may have been a worse bubble but it was not the most unaffordable time to buy. The ability to buy was still available to most with even a modest income. Prices may have been inflated but not to the level they are currently. Add in higher property taxes, insurance, and wages that haven't kept up and it's not even close.
So back to the point, most normal people build wealth through homeownership. If you can't afford a home....there is a wealth gap that is created and will compound over time compared to those who can and those who bought decades ago.
So back to the point, most normal people build wealth through homeownership. If you can't afford a home....there is a wealth gap that is created and will compound over time compared to those who can and those who bought decades ago.
Posted on 5/29/26 at 4:09 pm to Wwarmouth
Real estate has been flat for 2 years.
It is better to buy in 2026 than 2024.
You can circle jerk dates all you want. There are people who find a way to own a home (buy in a cheaper location. Smaller size. Longer commute. Attached units) and those who dont.
Real estate cycles will never stop. We are in a bubble caused by 2022. You can bitch forever or change your own luck.
It is better to buy in 2026 than 2024.
You can circle jerk dates all you want. There are people who find a way to own a home (buy in a cheaper location. Smaller size. Longer commute. Attached units) and those who dont.
Real estate cycles will never stop. We are in a bubble caused by 2022. You can bitch forever or change your own luck.
Posted on 5/29/26 at 4:41 pm to meansonny
Thank you admitting it is less affordable today than previous generations.
"Just buy a duplex 2 hours away bro, it's the same thing"
Lol. Embarrassing.
"Just buy a duplex 2 hours away bro, it's the same thing"
Lol. Embarrassing.
Posted on 5/29/26 at 6:43 pm to Wwarmouth
quote:
Thank you admitting it is less affordable today than previous generations.
"Just buy a duplex 2 hours away bro, it's the same thing"
Lol. Embarrassing.
A whiny assed bitch that's stupid. This does not bode well for your future.
Posted on 5/29/26 at 6:50 pm to tgdawg68
The only one getting emotional is you friend. Sorry it was easier to buy a home in the past. Im sure you still worked hard for it. Facts is facts though.
Posted on 5/29/26 at 6:57 pm to Wwarmouth
quote:
The only one getting emotional is you friend. Sorry it was easier to buy a home in the past. Im sure you still worked hard for it. Facts is facts though.
Like in the late 70s and 80s where you had 16% mortgages? You are so full of shite. Every generation has had obstacles to overcome. Some cried about their situation and some took action. Losers and winners. Based on this stain of a thread, it's pretty obvious which camp you're in
Posted on 5/29/26 at 7:23 pm to tgdawg68
Which payment would rather have:
A 80,000 house at 16%
Or
A 400,000 house at 6.5%
?
Think hard. Now factor in general inflation. Then increased property taxes. Higher insurance. Again, no one is whining. We are having to play the hand dealt to us by your generation. Pointing out facts is not bitching and whining friend.
A 80,000 house at 16%
Or
A 400,000 house at 6.5%
?
Think hard. Now factor in general inflation. Then increased property taxes. Higher insurance. Again, no one is whining. We are having to play the hand dealt to us by your generation. Pointing out facts is not bitching and whining friend.
Posted on 5/29/26 at 7:28 pm to Wwarmouth
While we wait for the new boomer to hunt and peck his response. Let's turn back to current events.
So after spending billions on munitions and depleting our reserves, the 4-D chess move Trump has come up with is a 300 Billion dollar fund to rebuild Iran.
Guess who came up with that plan? Correct, Steve witkoff and Jared kushner.
They are basically running the Cheney playbook with the added flare of not even hiding the corruption because they know the lap dogs like those in this thread and the general boomer, will support them no matter what.
Vox dawg still thinks trump is going to arrest Hillary and barack Obama btw lol
The commitment to the Q is admirable.
So after spending billions on munitions and depleting our reserves, the 4-D chess move Trump has come up with is a 300 Billion dollar fund to rebuild Iran.
Guess who came up with that plan? Correct, Steve witkoff and Jared kushner.
They are basically running the Cheney playbook with the added flare of not even hiding the corruption because they know the lap dogs like those in this thread and the general boomer, will support them no matter what.
Vox dawg still thinks trump is going to arrest Hillary and barack Obama btw lol
The commitment to the Q is admirable.
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