State of the Economy is looking good!

[Harpy Eagle]

Republicans are going to continue to lie about the economy being bad

One can only assume life is sucking for them and they want to blame someone other than themselves for this fact

 

[HikerGuy83]

Most people own credit card debt and can take out a second mortgage to get rid of all the debt with rates in the teens and trade it down to a 5% rate.

They still have to pay it back.

If they are using cards to get by.....then this all meaningless.

Retirement downsizing becomes a real possibility when you become an empty nester with equity.

Your house is on a 3% mortgage. It's gone up in value.

The house you want has also gone up in value (in proportion). But now you will get a 6% loan.

That seems like a pretty sad argument for your glowing BS.

You can buy a second home, or third in your case by taking out an equity loan and build even more equity over time.

You still have a payment. That money isn't yours. You are borrowing against what you could get if you sell your original home. And if you bought another home today, you'd be paying high interest rates. This whole concept is simply stupid. And let's assume 50% of homeowners with substantial equity go onto the market to follow your advice. No young person woud ever be able to afford a home as that demand would send prices through the roof (again).

There is a lot of benefit from home equity.

There is benefit, but not that much and you have to be clever to make it work.

 

[HikerGuy83]

Republicans are going to continue to lie about the economy being bad

I admire a person like you who can speak to something they know nothing about, make a fool of themselves, and still show up to do it again.

Real moxy and total lack of comprehension of reality.

 

[citygator]

They still have to pay it back.

If they are using cards to get by.....then this all meaningless.


Your house is on a 3% mortgage. It's gone up in value.

The house you want has also gone up in value (in proportion). But now you will get a 6% loan.

That seems like a pretty sad argument for your glowing BS.



You still have a payment. That money isn't yours. You are borrowing against what you could get if you sell your original home. And if you bought another home today, you'd be paying high interest rates. This whole concept is simply stupid. And let's assume 50% of homeowners with substantial equity go onto the market to follow your advice. No young person woud ever be able to afford a home as that demand would send prices through the roof (again).



There is benefit, but not that much and you have to be clever to make it work.

Taking out a 20% down loan on a home that is going up at 4% a year is like getting a return of 20% on your equity minus the 5% loan rate is 15% a year. Almost can’t beat it. If you can get away with 10% down it’s a return of 40%.

 

[HikerGuy83]

Taking out a 20% down loan on a home that is going up at 4% a year is like getting a return of 20% on your equity minus the 5% loan rate is 15% a year. Almost can’t beat it. If you can get away with 10% down it’s a return of 40%.

Oh, I welcome anyone who wants to try to use this logic.

I'd love to see how it turns out for them.

This is so oversimplified, it's hysterical.

 

[progressive hunter]

Things could not look better for an incumbent administration.

1. Highest consumer sentiment since May
2. Lowest 1-yr inflation expectations since Dec 2020
3. Lowest retail gasoline prices since February - 14 states below $3
4. S&P 500 ~1% from all-time highs
5. 30-yr mortgage rates lowest since Feb 2023
6. US household net worth (Q2) all-time high
7. 50 BPS rate cut odds sit at 46% with 99% 25BPS or greater



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[Freedomisneverfree]

OP how much do you pay for a dozen eggs? I rest my case

 

[Harpy Eagle]

OP how much do you pay for a dozen eggs? I rest my case

5 bucks for 18 free range brown eggs.

28 cents an egg.

If that is more than you can afford I will send some thoughts and prayers your way

 

[Harpy Eagle]

Red Lobster has been sucking for years, this is not a new thing.

you people are so fucking stupid

 

[MarathonMike]

Things could not look better for an incumbent administration.

1. Highest consumer sentiment since May
2. Lowest 1-yr inflation expectations since Dec 2020
3. Lowest retail gasoline prices since February - 14 states below $3
4. S&P 500 ~1% from all-time highs
5. 30-yr mortgage rates lowest since Feb 2023
6. US household net worth (Q2) all-time high
7. 50 BPS rate cut odds sit at 46% with 99% 25BPS or greater



View attachment 1011039

View attachment 1011040

Oh dear, this thread did not age well did it CityHater? LOL

 

[sealybobo]

OP how much do you pay for a dozen eggs? I rest my case

Why won’t egg producers lower their prices?

 

[citygator]

Oh dear, this thread did not age well did it CityHater? LOL

Aged perfectly.

 

[citygator]

Oh dear, this thread did not age well did it CityHater? LOL

Aged perfectly.

 

[citygator]

Oh dear, this thread did not age well did it CityHater? LOL

Aged perfectly.

 

[MarathonMike]

Aged perfectly.

For 2/3rds of Americans your thread smells like month old sardines.

 

[CrusaderFrank]

The OP is not wrong, most of the Epstein/Diddy Billionaires, drug and human traffickers have done very well under this Administration are lined up behind Harris

 

[Harpy Eagle]

The OP is not wrong, most of the Epstein/Diddy Billionaires, drug and human traffickers have done very well under this Administration are lined up behind Harris

Sorry to hear you have suffered so much the last few years.

I will send extra Ts and Ps your way today.

 

[iamwhatiseem]

Keep it up!!!!
This is what is making Trump win!!

 

[CrusaderFrank]

Sorry to hear you have suffered so much the last few years.

I will send extra Ts and Ps your way today.

The cartels that trafficked 400,000 kids into the USA and made GSA pay for it are sure happy; the people paying more for everything because the government is funding the Invasion aren't as happy

 

[Harpy Eagle]

The cartels that trafficked 400,000 kids into the USA and made GSA pay for it are sure happy; the people paying more for everything because the government is funding the Invasion aren't as happy

Sorry to hear you have suffered so much the last few years.

I will send extra Ts and Ps your way today.