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Message
re: Housing market not cooling off at all
Posted on 4/10/24 at 11:26 am to notiger1997
Posted on 4/10/24 at 11:26 am to notiger1997
quote:
Strange how the restaurants stay full. Tourist destinations for vacations are staying booked. Vehicle sales are barely slowing down. Amazon shipments are still rolling like crazy.
So who exactly is broke?
Easy answer, the average Joe is broke. Those things aren't a sign of the average American having money. They can all be easily obtained with a credit card (or loan for the vehicle). Max out one credit card? No problem, roll it over and open another one.
1
Posted on 4/10/24 at 11:40 am to Miglez
quote:
Easy answer, the average Joe is broke. Those things aren't a sign of the average American having money.
That’s cool and all, but I think the context of the post I was responding to was that only foreigners were spending money in the US and normal people had no money.
Yes people are using credit at stupid amounts, but spending is still happening
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