Why do working class Americans vote against their self interests?

[Monoculturalist]

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

I have a feeling the "setting straight" will just involve downplaying the government's role in this. I prefer a more measured approach. I blame banks for being reckless, but I blame government for setting the stage.

 

[Lesh]

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.

For the average person that HOW they can afford a home

The first years are TOUGH… but it gets cheaper as inflation makes dollars cheaper

 

[Monoculturalist]

For the average person that HOW they can afford a home

The first years are TOUGH… but it gets cheaper as inflation makes dollars cheaper

One of the few benefits that come from inflation is the rise in value of the home. That's actually the majority of what makes it easier in some respects. Inflation is not a net positive for a working class homeowner overall, if their wage doesn't keep up with inflation. Inflation has more of a beneficial effect for the government when it comes to borrowing. It doesn't really help most individuals.

 

[struth]

Read above troll. Post # 334

Haha I know what inflation is, how does that explain your claim that inflation makes home ownership possible?

The fact my dollar is worthless over time doesn’t make home ownership possible

Admit defeat, and move on

 

[Lesh]

I have a feeling the "setting straight" will just involve downplaying the government's role in this. I prefer a more measured approach. I blame banks for being reckless, but I blame government for setting the stage.

Government had a role but not the one you think. They pushed home ownership as a policy and kept interest rates far too low for far too long

They also allowed derivatives to turn the housing market into a casino. You seem to have learned the wrong lesson from The Big Short

 

[Lesh]

Haha I know what inflation is, how does that explain your claim that inflation makes home ownership possible?

The fact my dollar is worthless over time doesn’t make home ownership possible

Admit defeat, and move on

Hey troll… worth less is not the same as “worthless”

Start there and then figure things outside

 

[struth]

For the average person that HOW they can afford a home

The first years are TOUGH… but it gets cheaper as inflation makes dollars cheaper

How does that make home ownership affordable?

Inflation makes the dollar worth less. They have to spread more of it to get what they had before. The amount they pay a month on their mortgage doesn’t change, but everything else does around them.

If they don’t have a interest rate that’s locked in, then. They will be paying. More to have that mortgage

 

[Monoculturalist]

Government had a role but not the one you think. They pushed home ownership as a policy and kept interest rates far too low for far too long

They also allowed derivatives to turn the housing market into a casino. You seem to have learned the wrong lesson from The Big Short

I totally agree on the interest rates, which is why I referenced that earlier in this thread. I also agree that derivatives are a problem. The other things I mentioned don't conflict with either of these things, however.

 

[Lesh]

I totally agree on the interest rates, which is why I referenced that earlier in this thread. I also agree that derivatives are a problem. The other things I mentioned don't conflict with either of these things, however.

Derivatives were largely THE. Problem . Along with those interest rates

F&F were victims not the cause

 

[Lesh]

How does that make home ownership affordable?

Inflation makes the dollar worth less. They have to spread more of it to get what they had before. The amount they pay a month on their mortgage doesn’t change, but everything else does around them.

If they don’t have a interest rate that’s locked in, then. They will be paying. More to have that mortgage

Again retard. The mortgage payment remains the same but paychecks go up… largely because of inflation

You pay the mortgage off with cheaper easier to obtain dollars

Now go away

 

[struth]

Again retard. The mortgage payment remains the same but paychecks go up… largely because of inflation

You pay the mortgage off with cheaper easier to obtain dollars

Now go away

Haha. If you got a raise in your life because of inflation., that’s just sad

No paychecks go up because people get better education, more experience, better jobs

Wow

 

[Lesh]

Haha. If you got a raise in your life because of inflation., that’s just sad

No paychecks go up because people get better education, more experience, better jobs

Wow

No question pay goes up based on experience. I already noted that.

But inflation is also a big factor in pay increases and anyone with a brain knows it

You fuckers get your deflation and raises will disappear. As will jobs

 

[struth]

No question pay goes up based on experience. I already noted that.

But inflation is also a big factor in pay increases and anyone with a brain knows it

You fuckers get your deflation and raises will disappear. As will jobs

It’s amazing that harris didn’t lead wit that…hey we’ve caused 25.8 percent inflation! Americans should be thanking her for devaluing the dollar so much!

 

[Lesh]

It’s amazing that harris didn’t lead wit that…hey we’ve caused 25.8 percent inflation! Americans should be thanking her for devaluing the dollar so much!

But of course what I am talking about is the MODERATE (actually low) inflation we now have as opposed to the disastrous DEFLATION you want

 

[struth]

But of course what I am talking about is the MODERATE (actually low) inflation we now have as opposed to the disastrous DEFLATION you want

Xiden and harris have us 25.8 percent inflation over four years. It was a disaster

I want to fix that for the American people so they’ don’t have to live on their credit cards to get by…and can actually save money so they can get a home.

 

[eagle1462010]

No question pay goes up based on experience. I already noted that.

But inflation is also a big factor in pay increases and anyone with a brain knows it

You fuckers get your deflation and raises will disappear. As will jobs

Average Sales Price of Houses Sold for the United States

Anyone who thinks that graph is good for America is a FUCKING IDIOT.

 

[Lesh]

Average Sales Price of Houses Sold for the United States

Anyone who thinks that graph is good for America is a FUCKING IDIOT.

Because of Covid

Many renters decided to buy
Houses didn’t get built


That doesn’t mean we don’t want home ownership

 

[Lesh]

Xiden and harris have us 25.8 percent inflation over four years. It was a disaster

I want to fix that for the American people so they’ don’t have to live on their credit cards to get by…and can actually save money so they can get a home.

So you want to fix past inflation by tanking the current economy

Brilliant

 

[struth]

So you want to fix past inflation by tanking the current economy

Brilliant

No didn’t say that at all.

As your earlier think said deflation can happen during prosperity.

Didn’t you read your own link?

 

[Lesh]

No didn’t say that at all.

As your earlier think said deflation can happen during prosperity.

Didn’t you read your own link?

“My own link” said deflation was far worse than inflation