Homeowners draining 401k accounts to pay mortgages.

[MDC 5,892]

30 minutes ago, iam90sbaby said:

You didn't have to move to a rural area where no one wants to be to be able to afford a home 30/40 years ago

My best friend’s dad in the 1980s was a NYC taxi driver. He owned a modest house and supported a family of 4 on that salary alone. Granted this is the greater NY metro area, but you’d probably need to make $200k or more to live his comfortable middle class lifestyle in the same neighborhood today.

[Gladiators 1,904]

10 minutes ago, MDC said:

My best friend’s dad in the 1980s was a NYC taxi driver. He owned a modest house and supported a family of 4 on that salary alone. Granted this is the greater NY metro area, but you’d probably need to make $200k or more to live his comfortable middle class lifestyle in the same neighborhood today.

Biden's America

[MDC 5,892]

25 minutes ago, Gladiators said:

Biden's America

I look forward to house prices plummeting when Don wins.  

[edjr 5,567]

1 hour ago, MDC said:

My best friend’s dad in the 1980s was a NYC taxi driver. He owned a modest house and supported a family of 4 on that salary alone. Granted this is the greater NY metro area, but you’d probably need to make $200k or more to live his comfortable middle class lifestyle in the same neighborhood today.

yup. my dad was the only one who worked, late 70s, early 80s. Family of 4.  made average money. we had one car

[5-Points 2,729]

3 hours ago, iam90sbaby said:

You didn't have to move to a rural area where no one wants to be to be able to afford a home 30/40 years ago

People weren't pulling down $250G's for running a business back then either. 

Wages were much lower as a rule. Therefore everything was cheaper back then, including houses. Sh!t, gas was about .50/gal in '72. 

It's all relative. 

[zsasz 199]

Their own dumb fault.  They shouldn't have overextended.  

[lickin_starfish 1,482]

For every new dollar that is printed into existence, it devalues every other existing dollar. Think of all the money that was magically conjured up to pay for these wars and for COVID. That's why inflation is going crazy 

Now imagine the inflation that will happen when half the world turns to BRICS, and dollars start flooding back to the USA. Gonna be nuts.

https://fred.stlouisfed.org/series/M1SL

[iam90sbaby 2,125]

50 minutes ago, 5-Points said:

People weren't pulling down $250G's for running a business back then either. 

Wages were much lower as a rule. Therefore everything was cheaper back then, including houses. Sh!t, gas was about .50/gal in '72. 

It's all relative. 

5, adjusted for inflation the same house is twice as much today as it was in the 70s and wages have stagnated.

[Pimpadeaux 2,266]

Biden as president.

MAGAturds: People are cashing out their 401Ks to pay mortgages, and home prices are sky high! Inventory sucks!

Clownzo as president. 

MAGAturds: Home sellers are making a killing! Weeeeeeeeeeeeee!!!!!!!!!!!

[seafoam1 1,879]

2 minutes ago, Pimpadeaux said:

Biden as president.

MAGAturds: People are cashing out their 401Ks to pay mortgages, and home prices are sky high! Inventory sucks!

Clownzo as president. 

MAGAturds: Home sellers are making a killing! Weeeeeeeeeeeeee!!!!!!!!!!!

Warning: Stupid at work. 

 

[Ron_Artest 681]

3 hours ago, Gladiators said:

Biden's America

Biden's only been president for 3 years you dumb shite

[Pimpadeaux 2,266]

1 minute ago, seafoam1 said:

Warning: Stupid at work. 

 

You'll find a way to whine regardless. Quit being such a Nancy.

[seafoam1 1,879]

2 minutes ago, Ron_Artest said:

Biden's only been president for 3 years you dumb shite

Yeah, and he destroyed America in 3 years.  Well, his focking dimwitted voters helped a lot. See pimpledoosh and you. 

[Pimpadeaux 2,266]

Just now, seafoam1 said:

Yeah, and he destroyed America in 3 years.  Well, his focking dimwitted voters helped a lot. 

How is it "destroyed?"

[seafoam1 1,879]

1 minute ago, Pimpadeaux said:

How is it "destroyed?"

Yeah, liberal retards like you are last to know. 

[Ron_Artest 681]

4 minutes ago, seafoam1 said:

Yeah, and he destroyed America in 3 years.  Well, his focking dimwitted voters helped a lot. See pimpledoosh and you. 

He didn't destroy America you dramatic teenage girl

[Pimpadeaux 2,266]

2 minutes ago, seafoam1 said:

Yeah, liberal retards like you are last to know. 

You can't point to anything that indicates a destroyed nation.

Got it.

[seafoam1 1,879]

Just now, Ron_Artest said:

He didn't destroy America you dramatic teenage girl

Another dimwitted liberal. 

[Pimpadeaux 2,266]

Just now, Ron_Artest said:

He didn't destroy America you dramatic teenage girl

ERRR KERNTRY EES BERNING!

[Pimpadeaux 2,266]

Just now, seafoam1 said:

Another dimwitted liberal. 

Another MAGAdumbass. 

[Hardcore troubadour 12,653]

People cashing in their retirement and paying the taxes and fees so they can get by is good. A sign of a robust real economy. 

[BrahmaBulls 268]

37 minutes ago, Pimpadeaux said:

Biden as president.

MAGAturds: People are cashing out their 401Ks to pay mortgages, and home prices are sky high! Inventory sucks!

Clownzo as president. 

MAGAturds: Home sellers are making a killing! Weeeeeeeeeeeeee!!!!!!!!!!!

You're the dumbest person I've ever read on the internet.  

[MDC 5,892]

If only our elected officials spent as much time talking about the US housing crisis instead of focusing on trannies, Israel, Ukraine etc. 

[seafoam1 1,879]

4 minutes ago, BrahmaBulls said:

You're the dumbest person I've ever read on the internet.  

It's surreal.

[thegeneral 1,414]

3 minutes ago, MDC said:

If only our elected officials spent as much time talking about the US housing crisis instead of focusing on trannies, Israel, Ukraine etc. 

The thing is anything the Feds do about housing prices these people will all betch and moan

[MDC 5,892]

29 minutes ago, thegeneral said:

The thing is anything the Feds do about housing prices these people will all betch and moan

To be fair almost nobody here thinks housing is a problem since we all make $250k+ and live in mansions with our bikini model hotwives and 14-inch dongs.  

[RaiderHaters Revenge 3,585]

This whole crisis is all because of feminism 

[seafoam1 1,879]

27 minutes ago, RaiderHaters Revenge said:

This whole crisis is all because of feminism 

Yep. liberals. They are all feminine. 

[Pimpadeaux 2,266]

1 hour ago, Hardcore troubadour said:

People cashing in their retirement and paying the taxes and fees so they can get by is good. A sign of a robust real economy. 

Stupid people cashing in their retirement just makes them more stupid, because they pay a 10 percent IRS penalty if they're under 59.5 plus get taxed on the distribution as if were income.

Stupid people doing stupid things isn't one of those things that economists consider when measuring the economy, but thinking stupid people doing stupid things with their 401K is a mighty solid indicator of a stupid person, stupid, including ignorance of looking at unemployment, consumer confidence, wages, the stock market and other things that actually indicate economic health.

[Pimpadeaux 2,266]

40 minutes ago, RaiderHaters Revenge said:

This whole crisis is all because of feminism 

So toodle down to the low-T center and address your increasing feminity, Estrogen Eilene.

[RaiderHaters Revenge 3,585]

10 minutes ago, Pimpadeaux said:

So toodle down to the low-T center and address your increasing feminity, Estrogen Eilene.

I know you don't like history or logic but you might be able to follow along

the feminist movement was capitalized on by corporations raising the prices on everything, forcing single incomes to become dual income households to get by, as we see a rise in divorce, as well as in lack of marriage in the first place its no wonder why people struggle to pay their bills

[Pimpadeaux 2,266]

19 minutes ago, RaiderHaters Revenge said:

I know you don't like history or logic but you might be able to follow along

the feminist movement was capitalized on by corporations raising the prices on everything, forcing single incomes to become dual income households to get by, as we see a rise in divorce, as well as in lack of marriage in the first place its no wonder why people struggle to pay their bills

People struggled to pay bills under Clownzo. People have struggled to pay bills for thousands of years.

Yet the MAGAturd somehow twists struggling to pay bills as something new and the product of a presidential administration.

People struggled to pay bills during the Great Recession under G.W.

People struggled to pay bills during the first year of COVID.

Inflation caused by supply and demand and not politics resulted in people struggling to pay bills, but MAGAturds will catastrophize this despite a booming economy because they're addicted to fearmongering and negativity.

Again, if Clownzo were president, MAGAturds would be talking about how awesome the economy is instead of whatabouting about people struggling to pay their bills.

Yeah, but stupid people running up credit-card debt, spending all their money on stupid chit, failing to plan and cashing out their 401Ks, compounding the issue, are the ones struggling to pay their bills in what has amounted to the new MAGAturd buzz phrase.

- Our cities are burning.

- Our border is wide open.

- Our country has been destroyed.

- People are struggling to pay their bills.

Focking sheeple.

[seafoam1 1,879]

Just now, Pimpadeaux said:

People struggled to pay bills under Clownzo. People have struggled to pay bills for thousands of years.

Yet the MAGAturd somehow twists struggling to pay bills as something new and the product of a presidential administration.

People struggled to pay bills during the Great Recession under G.W.

People struggled to pay bills during the first year of COVID.

Inflation caused by supply and demand and not politics resulted in people struggling to pay bills, but MAGAturds will catastrophize this despite a booming economy because they're addicted to fearmongering and negativity.

Again, if Clownzo were president, MAGAturds would be talking about how awesome the economy is instead of whatabouting about people struggling to pay their bills.

Yeah, but stupid people running up credit-card debt, spending all their money on stupid chit, failing to plan and cashing out their 401Ks, compounding the issue, are the ones struggling to pay their bills in what has amounted to the new MAGAturd buzz phrase.

- Our cities are burning.

- Our border is wide open.

- Our country has been destroyed.

- People are struggling to pay their bills.

Focking sheeple.

Check out this dope. 

[5-Points 2,729]

3 hours ago, iam90sbaby said:

5, adjusted for inflation the same house is twice as much today as it was in the 70s and wages have stagnated.

Real estate is finite and, as such, it appreciates in value. 

In 1972, a federal minimum wage job got you around $14 per day. Today, the same federal minimum wage job gets you about $140 per day. 

Obviously minimum wage hasn't increased at the same rate as home prices but people working minimum wage jobs aren't supposed to be homeowners. 

Which is why the government needs to get out of the home loan business. 

 

ETA: re: my point about moving somewhere more affordable. When I got married, we were both working in Silicon Valley. We wanted a place in Fremont but we couldn't afford what we wanted. We could've sacrificed and got a condo, but that wasn't what we wanted. So we started looking outside the area. We were priced out of several areas we looked at. So we moved farther out. We finally found a place that had what we wanted and wouldn't break the bank. So we bought it. 

We dealt with a 2 hour (one way) commute for quite a few years while we looked for jobs closer to home. Fast forward to now, I work for the best company I've ever worked for, making more money than I ever have, with a 15 minute drive to the office and my wife works from home part time. 

People need to make sacrifices to get what they want if they want it bad enough. 

[Pimpadeaux 2,266]

9 minutes ago, seafoam1 said:

Check out this dope. 

Still waiting on your dumb ass to produce info that our country has been destroyed.

MER LIBERALS ER SO STERPID!

[seafoam1 1,879]

3 minutes ago, Pimpadeaux said:

Still waiting on your dumb ass to produce info that our country has been destroyed.

MER LIBERALS ER SO STERPID!

Liberals are so proven idiots. 

[Pimpadeaux 2,266]

Just now, seafoam1 said:

Liberals are so proven idiots. 

LERBRERLS ER SO PERVIN ERDITS.

ERR KERNTRY ERS DERSTROYED!

[seafoam1 1,879]

47 minutes ago, Pimpadeaux said:

LERBRERLS ER SO PERVIN ERDITS.

ERR KERNTRY ERS DERSTROYED!

Triggered. Rent free.