housing prices. Of course, with the usual spin of a lack of inventory, etc.
What she didn't say was the most important. The current mortgage rates are at ballpark historical lows, and prices in some markets are at historical highs. If Joe or Jane purchases a home at 4% with a $375k price tag, they are on the hook for that $375k and interest, for the duration of their entire loan.
Meanwhile, we have Harry or Sally, who is willing to pay 8% for mortgage of the same duration, but they purchased a comparable house for $190k. They are on the hook for only $190k plus the associated interest, enjoy lower premiums on homeowners insurance, lower taxes, and have a much larger tax deduction, every year.
Tell me again why low mortgage rates are such a great deal for the CONsumer?
I'm almost beginning to believe it, and that is Retail Me who is known to buy at the top.
I see crude is $46.15 as I type. Tell me again about all that cash I'm supposedly saving at the pump.
And what's on tap for the CONsumer savings at the pump gunna be when WTI is back at $65 bbl for the "summer driving season"?
Let's just call a spade a spade. The Obamacare Tax is not health insurance by any stretch, as the deductibles of the few plans I viewed, were in the $5k range, or higher. The monthly premiums were hundreds of USD's, and you tell me how that leaves any money left in the wallets of most folks to purchase a new ride, a home, or a sofa? BTW, there is no dental, visual, or audio plans with the "insurance" plans I saw offered.
For the record, I took early retirement, and a 30% whack to a monthly check, so that I could have premium free medical health insurance. I still have deductibles and copays, and pay about $64 per month for my DAV insurance that is OK, but I may choose to drop, at some point, and the coverage limits are not really worth paying for, if one has only checkups and maybe new eyewear, every year. I'm one of the most fortunate retirees left on this planet, and most of the younger crowd won't ever see the kind of retirement benefits I have, which is exactly why I took them the minute I was eligible.
Tell me who's buying a new ride when their newly MANdated healthcare policy is the equivalent of a car payment, and will never go away?
If one really had a deep thought about the situation, Greece has the money and the upper hand. If they choose to not repay a debt, what is the downside, realistically?
I'm sure it's a game plan, and the wash, rinse, spin cycles are on full power. Dryers aren't as common as here in the USA, so the laundry is on full view of the public/neighbors, for most housing units.
Because I can't see how FB can be at such a lofty level, but I also don't believe the global growth story, which CAT would need to have. I'm still waiting for the global markets to implode, as the media spin the the "recovery" just isn't happening, based on global unemployment rates, etc.
Yes. And the few folks I know who have money in the market seem to believe that "The Fed won't let the markets crash like 2008/2009."
I disagree and markets seem very out of whack to me.
You're really wound up this AM.
Markets have been rising because central banks are feeding the junkie hopium. And the poppy patch is grown in a greenhouse with 24/7 fake sunlight. It's all groovy until the bulbs burn out or the power supply is cut; then it all goes up in a final puff of smoke.
And the staff yaps about what if's, and what about kinds of scenarios? None of them are aviation experts, and I certainly don't care to hear about their opinions, speculation, and conjectures are, nor that of their guest. As we all know, an official investigation will take months, so all this preliminary blather is simply filling time, and many of the details will never be made public. That's a SOP for most investigations for anything, all the way down to a local police investigation of any major crime in any town.
Sure would be refreshing to hear an informed and factual discussion about the staggering debt load this country is piling on weekly.
Let's talk about your theory. IF folks can't qualify for a mortgage, or cough up cash for a 3 to 20% down payment, yet homebuilders are nailing spec homes fast and furiously, how does Diana's statement (and the media spin) of a lack of inventory work? Any thing is for sale, if the offer is accepted. Any thing is only worth what another is willing to pay for it. Tulips for Two Thousand, Alex.
That's interesting. I graduated from high school in 1981, and there was something rolling around, in my small town in Alaska, about the old nursery rhyme about: "She sells seashells by the seashore."
Probably no CONnection, but it's very odd to hear a bell ring 30 plus years later.
green lawns, filled pools, greenery in public places, and on private lands/office spaces, etc., and showered daily folks. If there's a drought here in SoCal, I've missed it.
And those tens of thousands of folks who were predicted to be dead from it, right here in the USA. Just another media machine made up lie, IMO. But for the benefit of whom?? There's always an agenda somewhere, and "Lie, and Lie Big" is easy to spot.
If you don't enjoy my sense of humor, or my point of view, don't read my posts. Being unemployed gives me plenty of time to observe much, and to write. Have a great day!
No. You tried to turn a twist on the gratitude my Grammy had to those who picked her up and carried her home, and daily if not almost each and every school day. You never want to experience what she did, ever. And she was 85 years old when she died.
You might buck up, and be a better person, and do well by others, and share with those who are less fortunate. What kind of folks are on this board?
Have some self respect.