Why do working class Americans vote against their self interests?

[struth]

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

Agreed

But that didnt make it possible for me own a home. Just means the dollar is worth less then it was when I bought my home

 

[struth]

Everything he posted in post 315 was bullshit

So you are are a liar?

 

[Lesh]

So you are are a liar?

Stop stuttering

 

[Monoculturalist]

Everything he posted in post 315 was bullshit

No, it really isn't. Hell, if you don't believe me, read "The Big Short." It doesn't talk as much about the CRA, but it covers the bank side of it.

 

[struth]

Stop stuttering

Did you not know the govt created a law forcing banks to give high risk loans? Loans we call subprime

 

[Lesh]

Agreed

But that didnt make it possible for me own a home. Just means the dollar is worth less then it was when I bought my home

Wait… you mean you’re paying off your house with cheaper dollars?

Thanks for making my point

Now go sit in the corner

 

[Lesh]

No, it really isn't. Hell, if you don't believe me, read "The Big Short." It doesn't talk as much about the CRA, but it covers the bank side of it.

Ya know why it doesn’t talk much about the CRA? Because it had nothing to do with causing that debacle

Enough. I’ve had this discussion dozens of times over the last 15 years and it’s ridiculous.

Fifteen minutes from now you’ll repeat the same nonsense no matter what is shown to you

Here’s an idea. Ask g5000 to explain it to you

He’s an actual conservative

 

[struth]

Wait… you mean you’re paying off your house with cheaper dollars?

Thanks for making my point

Now go sit in the corner

Didnt i when I said i agreed with your linK?

But again the fact my dollar is worthless to day then 10 years ago doesn’t make it possible for me to own a home as you claimed

 

[Monoculturalist]

Ya know why it doesn’t talk much about the CRA? Because it had nothing to do with causing that debacle

Enough. I’ve had this discussion dozens of times over the last 15 years and it’s ridiculous.

Fifteen minutes from now you’ll repeat the same nonsense no matter what is shown to you

Here’s an idea. Ask g5000 to explain it to you

He’s an actual conservative

Government policies have consequences. If you use a regulatory body to push a social agenda, it will often result in unintended behaviors. I don't know what else to tell you if you think that pushing banks to lend to higher risk people won't result in destabilization of the market or in long term priority changes by banks.

 

[Lesh]

Government policies have consequences. If you use a regulatory body to push a social agenda, it will often result in unintended behaviors. I don't know what else to tell you if you think that pushing banks to lend to higher risk people won't result in destabilization of the market or in long term priority changes by banks.

Yada yada

Stop with the right wing talking points

Or better still find an actual economist that supports them

 

[struth]

Yada yada

Stop with the right wing talking points

Or better still find an actual economist that supports them

I am still waiting on you to find an economist that says inflation makes it possible for me to own a home

 

[Lesh]

Didnt i when I said i agreed with your linK?

But again the fact my dollar is worthless to day then 10 years ago doesn’t make it possible for me to own a home as you claimed

It sure as shit makes it easier to pay that mortgage

Just admit defeat and go away

 

[Monoculturalist]

Yada yada

Stop with the right wing talking points

Or better still find an actual economist that supports them

Hey, Barney Frank: The Government Did Cause the Housing Crisis

On December 9, The Atlantic published online an interview with Congressman Barney Frank. In it, he called me a “real extremist.” This name-calling was not only false but also inappropriate to the seriousness of the issue — which is whether government housing policy, and not the banks or the...

www.aei.org

 

[Lesh]

I am still waiting on you to find an economist that says inflation makes it possible for me to own a home

Why? You just demonstrated it.

The longer you hold that mortgage, the cheaper the dollars used to pay it off become… due to inflation

Thanks

 

[struth]

It sure as shit makes it easier to pay that mortgage

Just admit defeat and go away

How?? It doesn’t change what I owe. Inflation simply means the dollar isnt worth as much.

Well duh, that what inflation does

Defeat??? Haha you still haven’t explained why inflation makes it possible for home ownership

 

[Lesh]

Hey, Barney Frank: The Government Did Cause the Housing Crisis

On December 9, The Atlantic published online an interview with Congressman Barney Frank. In it, he called me a “real extremist.” This name-calling was not only false but also inappropriate to the seriousness of the issue — which is whether government housing policy, and not the banks or the...

www.aei.org

I’ve been through this too many fucking times to want to do it again

F&F did not cause that meltdown

Go ask g5000
He’ll set you straight

 

[struth]

Why? You just demonstrated it.

The longer you hold that mortgage, the cheaper the dollars used to pay it off become… due to inflation

Thanks

The fact that my dollar is worth less then it was when I bought the house doesn’t make it possible for me own the home…wow

 

[Monoculturalist]

Why? You just demonstrated it.

The longer you hold that mortgage, the cheaper the dollars used to pay it off become… due to inflation

Thanks

Sure, but overall, that's not a winning strategy for most people. Wages typically lag inflation. So, for the average person, this inflation isn't a good thing.

 

[struth]

I’ve been through this too many fucking times to want to do it again

F&F did not cause that meltdown

Go ask g5000
He’ll set you straight

Haha yeah and inflation makes it possible for people to own homes

Haha

 

[Lesh]

How?? It doesn’t change what I owe. Inflation simply means the dollar isnt worth as much.

Well duh, that what inflation does

Defeat??? Haha you still haven’t explained why inflation makes it possible for home ownership

Read above troll. Post # 334