Why do working class Americans vote against their self interests?

[Lesh]

I do own a home. I have friends that own homes
.

Nothing you said in your post highlights why inflation makes it possible for me to own my home

Really.

So it’s just as hard to pay your mortgage now as it was when you first bought it?

 

[Monoculturalist]

Wait. You want less home ownership?

You want to make it harder to afford a home?

Interesting

In terms of getting the market to be more stable, yes. There's a good reason a lot of people can't afford to buy even with government intervention. A lot of things we pretend are rights are really luxuries. Ownership is something to be earned. Renting is what suffices in the absence of proper resources.

 

[Lesh]

Tell that to the family having to max out their credit cards in order to simply meet their basic human needs over the past four years due to harris and xiden driving up the cost of groceries 25.8 percent

There are certainly dangers in a fast and spiraling deflation…I am however not advocating for that. As your link highlights it can also happen in times prosperity

I posted a link that explains that you are wrong

You posted dogma and bullshit

Please stay away from economics. You have no business talking about it

 

[struth]

I posted a link that explains that you are wrong

You posted dogma and bullshit

Please stay away from economics. You have no business talking about it

Hahaha the difference is I read your link, you didn’t.

 

[Lesh]

In terms of getting the market to be more stable, yes. There's a good reason a lot of people can't afford to buy even with government intervention. A lot of things we pretend are rights are really luxuries. Ownership is something to be earned. Renting is what suffices in the absence of proper resources.

So you do want to make it harder to own a home.

Wonderful

 

[Lesh]

Hahaha the difference is I read your link, you didn’t.

Obviously you didn’t read it well

 

[struth]

Really.

So it’s just as hard to pay your mortgage now as it was when you first bought it?

It cost the same every month. I haven’t ever refinance if that’s what your asking

I have an interest rate I was locked into l..thankfully

But you claimed inflation is what makes it possible for me to own a home…please explain

 

[Monoculturalist]

On what basis do you make those claims?

Why Is the Consumer Price Index Controversial?

The Consumer Price Index is a widely quoted measure of inflation in the United States, but the methodology used to calculate it generates controversy among economists.

www.investopedia.com

The above explains why and when the changes to the CPI occurred. The BLS has tried to defend the changes, but I disagree with their logic.

 

[struth]

Obviously you didn’t read it well

I read it very well, even pointed out stuff it said

 

[Monoculturalist]

So you do want to make it harder to own a home.

Wonderful

If the other option is creating a market that periodically crashes to a catastrophic level, yes. The problem with so much of progressive thinking is that they obsess over giving things to people while not paying attention to long term consequences. More often than not, this tendency ironically leads to worse oligarchies than the ones that the market creates.

 

[Lesh]

It cost the same every month. I haven’t ever refinance if that’s what your asking

I have an interest rate I was locked into l..thankfully

But you claimed inflation is what makes it possible for me to own a home…please explain

Anyone who owns a home knows that it’s easier to pay their mortgage now than it was when they got it. Say wherever bullshit you want but people ain’t that stupid.

You made X when you bought that house. You make a lot more than X now. Some of that difference might be due to experience but a it of it is pay raises to keep up with inflation

BUT your mortgage stays the same.


THAT is why it’s easier to pay off. Inflation

Now go away. You’re not an honest person

 

[Lesh]

If the other option is creating a market that periodically crashes to a catastrophic level, yes. The problem with so much of progressive thinking is that they obsess over giving things to people while not paying attention to long term consequences. More often than not, this tendency ironically leads to worse oligarchies than the ones that the market creates.

You cite NO economists who agree with you

All you’re doing is spewing nonsense

 

[struth]

Anyone who owns a home knows that it’s easier to pay their mortgage now than it was when they got it. Say wherever bullshit you want but people ain’t that stupid.

You made X when you bought that house. You make a lot more than X now. Some of that difference might be due to experience but a it of it is pay raises to keep up with inflation

BUT your mortgage stays the same.


THAT is why it’s easier to pay off. Inflation

Now go away. You’re not an honest person

In terms of the fact that I make more money? Sure it’s easier but the cost hasn’t changed


And my increase in income or anyone’s increase in income isn’t simply from inflation…I have more experience, I can demand more pay.

That’s not inflation nor was inflation that made it possible to buy my home.

If anything xindeflation has slowed buying hecause of skyrocketing prices and cost to borrow

 

[struth]

You cite NO economists who agree with you

All you’re doing is spewing nonsense

Can you cite an economist that said inflation makes it possible for me to buy a home?

 

[Monoculturalist]

You cite NO economists who agree with you

All you’re doing is spewing nonsense

So your argument is just "appeal to authority."

I don't need to cite an economist to remember that a lot of what caused the 2008 crash was government intervention. On the one hand, banks engaged in risky behavior with CDOs and bribing ratings agencies. On the other hand, the Community Reinvestment Act created a lending environment that incentivized lending to higher risk individuals and putting acquisition of fees above making sustainable loans.

 

[Lesh]

So your argument is just "appeal to authority."

I don't need to cite an economist to remember that a lot of what caused the 2008 crash was government intervention. On the one hand, banks engaged in risky behavior with CDOs and bribing ratings agencies. On the other hand, the Community Reinvestment Act created a lending environment that incentivized lending to higher risk individuals and putting acquisition of fees above sustainable loans.

Appeal to EDUCATION and ya know… FACTS

 

[struth]

Appeal to EDUCATION and ya know… FACTS

What did he say there that wasn’t factual?

 

[Monoculturalist]

Appeal to EDUCATION and ya know… FACTS

Well, the fact is that government pressure to lend to higher risk people means they will look to earn more of their money through fees. It also means that bank bailouts become more likely as more banks are at higher risk of collapse. The way to avoid bailouts is to stabilize the market by not pushing banks to make risky choices. We also shouldn't subsidize or reward failure.

 

[Lesh]

Can you cite an economist that said inflation makes it possible for me to buy a home?

How does inflation affect mortgages in light of rising interest rates? - Economics Observatory

The growing cost of living, as price rises exceed wage increases, is putting pressure on household budgets. But inflation also brings benefits to mortgage holders by reducing the value of their outstanding loans. This is key to thinking about options for providing targeted help to vulnerable...

www.economicsobservatory.com

Inflation reduces the value of outstanding loans

 

[Lesh]

What did he say there that wasn’t factual?

Everything he posted in post 315 was bullshit