This is accurate but I think both Biden and Trump are responsible after pumping the economy during covid. There will be a correction. When all the boomers die off, there will be a home surplus and I predict a drastic decrease in pricing as markets are flooded.
Psst, FYI I'm a multimillionaire. But thanks for your concern. Maybe instead of thinking everything is good, ask the people who are middle to lower class if they are doing good. The rest of us who make good money are just fine. That's why I am upset with the debate last night, people are hurting right now and you don't care enough to want to help them out.
Sure I am, but the only people yapping on here aren't hurting for money. They're political views are so skewed they don't understand that people are hurting right now. It's the #1 issue remember.
re: drastic price decrease, ain't gonna happen (except maybe in undesirable locations). The country keeps growing, housing inventory already in a deficit, old stock will be replaced by new stock, inflation/appreciation is pretty sticky, etc.
Dildos are up 20% since 2020! It's freaking price gouging is what it is!!
This. I’m doing okay. I’m not wealthy but I can pay my bills and take a few trips, etc.
I have a lathe and make my own, and i have made so much money, i'm selling them bogo now.
Honestly it feels more like the #1 narrative but I'm not convinced the narrative equals reality.
In comparison to other evolved economies the chasm in compensation levels between the average employee and the top level executives is starkly different. Do you believe it’s healthy to have CEO compensation at a 300+ times their average employee? How about the top 735 wealthiest Americans possessing more wealth than the bottom 50% of US households? That’s a problem unless you’re just a self serving 1%er, nothing healthy about this at all.
No problem. Thanks. Glad to help. Nice attempt at using real English words.
100% correct. See... it's not hard to get something right. Good job! You go girl!
I have nothing to get over. Life is sweet. Love it. Sorry you're struggling. Maybe things will pick up and you'll win the meat raffle at the American Legion, you will make the last payment on your trailer, or Walmart will have twofer cases of Keystone Light. Good times right Cletus??
Ha ha... not strugglung here. I work with enough of the poor to realize lie happens.
I'd like all the money back from the $4 gas I had to buy from 2021 to 2023. It's better now, but can I get that back?
That's too bad because people might learn something if they were. They would learn there are plenty of jobs, plenty of affordable housing and food. They would also learn there are few people on the planet that get everything in life they want when they want it. Life isn't Sunday School.
Send letters to the CEOs of BP and Exxon. They have 'your' money. I'm sure they'll mail you a check.
There have only been three times in the last ~100 years where the stock market dropped over the course of a presidency...Hoover (a lot, close to 30%), Nixon (minimal, 1 or 2%), and Dubya (2 or 3%)
Source https://darrowwealthmanagement.com/blog/stock-market-performance-by-president-in-charts/
I'm saying that we need to budget cut and stop printing so much. Both candidates are guilty of over spending.
No. I have zero social media. I was on FB 13+ years ago, but deleted the account because of people and their lives are so great crap, only to find out that they would get divorced a few months later.
The problem is with wages, many cant get into a house now and rents are skyrocketing.
This thread is specific to investors. Did you purchase some oil futures that you missed out on or something? I'm not sure I understand the context.
As an accountant, 50% of the people who are hurting are by their own poor spending choices. I have a client who effectively makes 15k a year and has turned it into a million dollars, compounding returns year after year without dipping into the piggy bank is the way to accumulate wealth. Idiots who overspend is not of concern for me, you give them more they will spend more. They are only living for today and will worry about paying for it tomorrow. Inflation is coming down, while real wages have been higher than inflation for well over a year. Most of the lower incomes wages jumped significantly in 2021. There is still a dearth of quality employees in my area, an individual with a high school degree can easily get in the $17 to $20 an hour range. That is $40k, if married $80k, no offense you should be able to make it work on 80k. Its all the individuals who don't want to work or work as hard as they can yet want to live like they are making over 100k that is the issue.
If you haven't been steadily employed over the last 4 years, you have no personal drive and are an idiot. If you have not leveraged the huge demand of quality empoyees into higher wages, you are an idiot. If you are withdrawing from retirement accounts you are an idiot. You have either overspent or choose to spend retirement income, paying the tax and the penalty. This isn't rocket science guys.
Okay, so 2 25 year olds are married. 80K after taxes (and etc.) is about 64-66 take home ($5400 a month). Average rent is about 1600 for a decent place to start a family. We are at $3800 now. Average car payment is around $600 a month (2 of them for 2 people driving to work) =$1200. Now we're $2600. Utilities average around $500 a month. Now it's $2100 a month. 2 phones (depending on what provider they use) Verizon is the most common ($220) a month. Now $1700 a month. Insurances (Health/car/renters/etc.) $600+. Now @ $1100. Average 2 person home spends $820 a month in groceries. Now it's $280. I haven't even gotten to credit card bills or gas for the cars. People are hurting. Everything is too damn expensive!
