Money & Economics
- Thread starter bigredfish
- Start date
You see a lot of this shit on X by young 20 and 30 somethings that have no concept of money or economics.
They want a 5000 sq/ft home for what they make in their side gig job and MUST live in NYC or Cali because anything else isn't "cool"
They want a 5000 sq/ft home for what they make in their side gig job and MUST live in NYC or Cali because anything else isn't "cool"
This shows you how much the dollar has depreciated.
Then when these people move from Cali and come here they bring their stupidity with them and now our housing prices are over-inflated...
Partially, mostly this shows how fucking ridiculous California is. Same size home, similar neighborhoods in 100’s of cities for 1/3 the price
If you lived through 2008/2009 you’ll appreciate that $250,000 homes selling for $600,000 didn’t work out well for those who bought more than they could afford.
Something actually went down in price for me. I just bought 1,000 gallons of propane for next winter at 1.99/gal, down from 2.05 last year. A rare exception to the trend.
I’ll admit to not fully understanding the M2 relationship but I lived and went under during the dotcom crash so sensitive to comparisons.
My downfall then wasn’t stock, I owned a dotcom business (agency) that went from turning down $50k jobs because we couldn’t keep up, to game over $500k in debt and corp bankruptcy in right at 5 months. Brutal
My downfall then wasn’t stock, I owned a dotcom business (agency) that went from turning down $50k jobs because we couldn’t keep up, to game over $500k in debt and corp bankruptcy in right at 5 months. Brutal
As shoppers and Wall Street alike try to gauge the impact of the U.S.’s trade wars, Target Corp. potentially needs to raise its prices at nearly twice the rate of big-box rival Walmart Inc. to cushion the blow from tariffs due to higher import exposure, BofA analysts said Friday.
In a note that downgraded Target’s stock
TGT
-0.82%
to underperform and said the chain was lagging rivals, the analysts said Target’s import exposure stood at around half of its cost of goods sold, implying a “need to raise [average] prices at almost 2x the rate of [Walmart] to mitigate tariffs.”
We built a new house in 2013 for around €230,000. It is currently worth around €500-600,000.
On top of that, you still have to pay extremely high property taxes every year.
mat200
IPCT Contributor
- Jan 17, 2017
- 16,574
- 27,861
Not sure about Germany, but here a lot of folks are going to soon discover that $500-$600k is no longer the value. Maybe not back to $230k but a lot lower
We sold our place at the top in 2022 (bought in 2007) well over asking price in 4 days 2x+ our purchase price. Great timing that I honestly can’t take all the credit for but it worked out very well for us.
Now I see 4 homes for sale on the same street with listings 90 days old and reducing ask every 2 weeks $100k under our sale price.
It’s. Coming
House prices are stable here. You can find houses for around $250,000, but you'll have to put a lot of work into them. Replace the windows, install a heat pump, etc.
Debt : $371 billion in 1970. Debt : 37 Billionen in 2025. 78% of income tax is used to pay off debt. That's really crazy.
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Actually it’s $37 Trillion of debt here and the interest payments are about 25% of total revenue
I was alive then, some of those aren’t right. Regardless nobody making minimum wage should be buying a house in 1970 or 2025 anyway.
It typically takes two just like then, married couples, both working and saving and buying in their late 20s early 30s at best. We bought our first house in our early 40s. It takes effort and sacrifice to buy a house and raise a family. As it should
TV and social media aren’t good teachers