Americans are flush in liquidity - Thanks Joe!

[Edgetho]

Fucking idiot. Next time you go to the Grocery Story, tell them you'll pay them in 'liquidity'.

Don't try it in a Bar, you might get your stupid ass beat

 

[justoffal]

Well, I’m glad you googled or asked your parents about the financial crisis so you could see how implausibly ridiculous that claim was on its face. But you’re right about one thing, the numbers are in fact easy to find.

Rediculous....you think that a small and insignificant down slope on that up curve proves any kind of point? Who needs to check with mommy again?

Being a one trick pony won't navigate you through the massive inflationary catastrophe that is now shaping up as a combination of dollar devaluation, run away COL and speculative damage being done on a daily basis to the estate market. In my area alone more than 50 percent of sales are to speculators in cash buys or quick flip rehab loans. Increase in supply will not immediately fix that, in fact it may make it worse.

 

[Greenbeard]

Rediculous....you think that a small and insignificant down slope on that up curve proves any kind of point?

Only that your casually made-up stats are bullshit.

 

[justoffal]

Only that your casually made-up stats are bullshit.

Not my fault you limit your cherry picks to single year totals. Obviously statistics is not your strong point. Real estate is generally analyzed in ten and twenty year runs. What Bullshit? Record foreclosure still stands as a fact.

 

[justoffal]

Fucking idiot. Next time you go to the Grocery Story, tell them you'll pay them in 'liquidity'.

Don't try it in a Bar, you might get your stupid ass beat

But....but....he's doing well! Until the market tanks anyway. I wonder why these guys feel obligated to share their prosperity here? As if it changes the condition that 90 percent plus of the public faces right now.

 

[Edgetho]

But....but....he's doing well! Until the market tanks anyway. I wonder why these guys feel obligated to share their prosperity here? As if it changes the condition that 90 percent plus of the public faces right now.

There are people that do better in every economy. Even during the Great Depression, some people got stinking rich.

We call people that do well when everybody else is going to shit -- Scum.

They only care about themselves. If they're doing well....... That's all that matters.

 

[Woodznutz]

Sure, old people are doing well.

Young people, not so much:


.

This is the natural order of things.

 

[Billiejeens]

Yet Another National Mall Retailer Goes Bankrupt, Closing All 540 Stores​

Because the economy is just too good.

 

[citygator]

Using slogans like “supply restriction” is really just intended to sidestep the issue. Biden’s 12 million plus imported illegals have artificially spiked housing demand. The result is an expected spike in housing prices.

Not remotely the issue. Regardless. My house is worth 90% more than I paid for it in 2018. As usual, those at the bottom of the ladder aren’t benefitting but that is how we are set up. Takes money to make money. Democrats would spread that benefit around but the GOP hates that idea. They want me to keep every dollar I earn from equity. Nice of them. Sucks for the working class though.

 

[citygator]

Yet Another National Mall Retailer Goes Bankrupt, Closing All 540 Stores​

Because the economy is just too good.

Nice link dumbass.

 

[Hollie]

Not remotely the issue. Regardless. My house is worth 90% more than I paid for it in 2018. As usual, those at the bottom of the ladder aren’t benefitting but that is how we are set up. Takes money to make money. Democrats would spread that benefit around but the GOP hates that idea. They want me to keep every dollar I earn from equity. Nice of them. Sucks for the working class though.

That is the issue. Your house may or not be worth 90% more than when you bought it. If you sold it, you would be in the market for a new home worth 90% more than what the seller paid.

Yes. You benefitted from a spike in housing prices resulting from 12 million illegals imported into the country. That’s too bad for American citizens blocked from homeownership by inflated prices and high interest rates. They can share the equity of Biden’s immigration policies.

Dems / Socialists certainly do want to redistribute your income and your gains. That classic Stalinist / Leninist ideology. Your income is not your own, it’s the State’s. You will be told what your gains or losses will be.

How much of your home sale is the equitable amount to give to the government for redistribution?

What sucks for the working class is to have authoritarians and dictators taking and redistributing their income. Equity means you are responsible for subsidizing a government that makes your decisions for you.

 

[Captain Caveman]

Americans are flush with liquidity.

Home equity is at record levels and consumers are in their least levered situation in history. According to the February 2024 ICE Mortgage Monitor report, the average homeowner currently has about $299,000 in home equity, about $193,000 of which is tappable home equity.

The American consumer is so liquid right now that we could be in an economic growth cycle for the next decade Although predicting outcomes is difficult due to external factors.

In addition to home equity, bank accounts are record highs as are retirement saving.

To Recap:

• $32T is a record amount of home equity
• $38T is a record for retirement accounts
• $5.5T is a record in personal savings
• Real (inflation adjusted) incomes are record levels excluding the Covid period.

It is a great time to be alive! Thanks Biden!

Households; Owners' Equity in Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate, Level (OEHRENWBSHNO) from Q4 1945 to Q4 2023 about net worth, balance sheet, nonprofit organizations, equity, real estate, Net, households, and USA.

fred.stlouisfed.org

View attachment 943939

Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level (HOEREPHRE) from Q4 1945 to Q4 2023 about equity, real estate, percent, households, and USA.

fred.stlouisfed.org

View attachment 943941

View attachment 943948

https://www.ici.org/print/pdf/node/836811

 

[citygator]

That is the issue. Your house may or not be worth 90% more than when you bought it. If you sold it, you would be in the market for a new home worth 90% more than what the seller paid.

Yes. You benefitted from a spike in housing prices resulting from 12 million illegals imported into the country. That’s too bad for American citizens blocked from homeownership by inflated prices and high interest rates. They can share the equity of Biden’s immigration policies.

Dems / Socialists certainly do want to redistribute your income and your gains. That classic Stalinist / Leninist ideology. Your income is not your own, it’s the State’s. You will be told what your gains or losses will be.

How much of your home sale is the equitable amount to give to the government for redistribution?

What sucks for the working class is to have authoritarians and dictators taking and redistributing their income. Equity means you are responsible for subsidizing a government that makes your decisions for you.

Let’s do some fun math.

You buy a house for $1M by putting up $300K and borrowing $700K.

Now 5 years later your house is worth $1.9M. You sell it. Now you have $1.2M in equity.

Now you buy a $1.9M home and guess what? You only borrow the same $700k. Your house payment is the same but you are now a millionaire. Zero downside. Congratulations.

The Democrats aren’t advocating home equity tax but other investment returns should be.

 

[Natural Citizen]

Americans are flush with liquidity.

Home equity is at record levels and consumers are in their least levered situation in history. According to the February 2024 ICE Mortgage Monitor report, the average homeowner currently has about $299,000 in home equity, about $193,000 of which is tappable home equity.

The American consumer is so liquid right now that we could be in an economic growth cycle for the next decade Although predicting outcomes is difficult due to external factors.

In addition to home equity, bank accounts are record highs as are retirement saving.

To Recap:

• $32T is a record amount of home equity
• $38T is a record for retirement accounts
• $5.5T is a record in personal savings
• Real (inflation adjusted) incomes are record levels excluding the Covid period.

It is a great time to be alive! Thanks Biden!

Households; Owners' Equity in Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate, Level (OEHRENWBSHNO) from Q4 1945 to Q4 2023 about net worth, balance sheet, nonprofit organizations, equity, real estate, Net, households, and USA.

fred.stlouisfed.org

View attachment 943939

Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level

Graph and download economic data for Households; Owners' Equity in Real Estate as a Percentage of Household Real Estate, Level (HOEREPHRE) from Q4 1945 to Q4 2023 about equity, real estate, percent, households, and USA.

fred.stlouisfed.org

View attachment 943941

View attachment 943948

https://www.ici.org/print/pdf/node/836811

Unfortunately, reposessions are on the rise across the board.

Homes. Cars. Boats. And so forth.

As was previously predicted would soon start to happen around here some place...

 

[citygator]

Unfortunately, reposessions are on the rise across the board.

Homes. Cars. Boats. And so forth.

As was previously predicted would soon start to happen around here some place...

You have a source? Because all my sources say you are incorrect in that statement.

 

[Toddsterpatriot]

You have a source? Because all my sources say you are incorrect in that statement.

View attachment 945353

Delinquency Rate on Credit Card Loans, All Commercial Banks | FRED | St. Louis Fed

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks from Q1 1991 to Q4 2023 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

fred.stlouisfed.org

Delinquency Rate on Consumer Loans, All Commercial Banks | FRED | St. Louis Fed

Graph and download economic data for Delinquency Rate on Consumer Loans, All Commercial Banks from Q1 1987 to Q4 2023 about delinquencies, commercial, loans, consumer, banks, depository institutions, rate, and USA.

fred.stlouisfed.org

Delinquency Rate on Loans Secured by Real Estate, All Commercial Banks | FRED | St. Louis Fed

Graph and download economic data for Delinquency Rate on Loans Secured by Real Estate, All Commercial Banks from Q1 1987 to Q4 2023 about delinquencies, real estate, commercial, securities, loans, banks, depository institutions, rate, and USA.

fred.stlouisfed.org

 

[struth]

Not remotely the issue. Regardless. My house is worth 90% more than I paid for it in 2018. As usual, those at the bottom of the ladder aren’t benefitting but that is how we are set up. Takes money to make money. Democrats would spread that benefit around but the GOP hates that idea. They want me to keep every dollar I earn from equity. Nice of them. Sucks for the working class though.

What makes you think the working class doesn’t have equity in their homes?

They do, and the vast majority know that equity isn’t liquid. You on the other hand don’t, which leads me to believe you don’t own a home

 

[citygator]

View attachment 945358

Delinquency Rate on Credit Card Loans, All Commercial Banks | FRED | St. Louis Fed

Graph and download economic data for Delinquency Rate on Credit Card Loans, All Commercial Banks from Q1 1991 to Q4 2023 about credit cards, delinquencies, commercial, loans, banks, depository institutions, rate, and USA.

fred.stlouisfed.org

View attachment 945360

Delinquency Rate on Consumer Loans, All Commercial Banks | FRED | St. Louis Fed

Graph and download economic data for Delinquency Rate on Consumer Loans, All Commercial Banks from Q1 1987 to Q4 2023 about delinquencies, commercial, loans, consumer, banks, depository institutions, rate, and USA.

fred.stlouisfed.org

View attachment 945361

Delinquency Rate on Loans Secured by Real Estate, All Commercial Banks | FRED | St. Louis Fed

Graph and download economic data for Delinquency Rate on Loans Secured by Real Estate, All Commercial Banks from Q1 1987 to Q4 2023 about delinquencies, real estate, commercial, securities, loans, banks, depository institutions, rate, and USA.

fred.stlouisfed.org

Come on man. I am not stupid. You have to try way harder. Way harder.

You picked the low point of Covid to compare to. Disingenuous.

 

[Greenbeard]

Come on man. I am not stupid. You have to try way harder. Way harder.

You picked the low point of Covid to compare to. Disingenuous.
View attachment 945382

Interesting that if the assumption is that lower delinquency rates = better economies, that suggests the Obama years experienced a better economy than the Clinton or Trump years. And Biden's first year was the best year on record.

 

[Toddsterpatriot]

Come on man. I am not stupid. You have to try way harder. Way harder.

You picked the low point of Covid to compare to. Disingenuous.
View attachment 945382

Rates are rising over the last year, like Natural Citizen said.