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Started By
Message
re: Debt delinquency on the rise
Posted on 5/8/24 at 10:36 am to ronricks
Posted on 5/8/24 at 10:36 am to ronricks
quote:
In the real world there is really no such thing as 'equity'. Equity guarantees equal results which isn't reality.
What the hell are you talking about? We aren't talking about DEI here.
0
Posted on 5/8/24 at 10:38 am to Night Vision
Especially in Washington DC
Posted on 5/8/24 at 10:54 am to CleverUserName
He has the worst case of TDS on this board. He’s arguing this point because he doesn’t want to give Trump credit for the tax cuts.
He’s trying to downplay the tax cuts and make them seem insignificant.
He’s trying to downplay the tax cuts and make them seem insignificant.
This post was edited on 5/8/24 at 10:56 am
Posted on 5/8/24 at 10:55 am to Night Vision
We need to quit thinking of rising debt delinquencies as some tragic event in lives of street level Americans, we need to think of debt delinquencies as pruning the dead branches from the money tree.
Signed,
The Upper Crust .1% who use these delinquencies to consolidate wealth.
Signed,
The Upper Crust .1% who use these delinquencies to consolidate wealth.
Posted on 5/8/24 at 10:58 am to SDVTiger
quote:
The banks are gonna force ppl out of those 2% mortgages
This will be reality in Louisiana for sure. I wouldnt be surprised to find out banks are colluding with insurance providers to force home owners out of their low interest homes. HO insurance in Louisiana is absolutely out of hand. I really dont know how new home buyers are making it here.
This post was edited on 5/8/24 at 11:01 am
Posted on 5/8/24 at 11:19 am to Night Vision
This a two part issue IMO. Inflation definitely is kicking families right in the arse and causing more financial woes than the government is leading on. Those costs have been soaring for some time. I can’t blame a man or woman for having to resort to credit card debt to feed their family. On the other hand you have people who are still addicted to spending money they can’t afford. When they don’t have the cash to cover their bills after spending all week on Amazon and eating out every night, they just put it on credit, which exacerbates their financial issues. They have no discipline when it comes to money. Watch how many 401ks will be withdrawn with penalty over the next couple years.
Posted on 5/8/24 at 11:23 am to ronricks
quote:
Not anytime soon
Possibly not anytime in the near future if people don't vote for that fricking retard pretending to be president right now.
Other people, not you. We're all very aware that you are happy to see economic collapse to beat bad orange man. You don't have to tell us.
Posted on 5/8/24 at 2:07 pm to Night Vision
Last year I made some posts on MT about how this was going to be the first stages: credit cards and car loans rising in delinquencies then defaults. Unless the economy has balanced out in time, bankruptcies and home mortgages would be following somewhere behind that.
You can't borrow your way out of debt.
You can't borrow your way out of debt.
Posted on 5/8/24 at 2:27 pm to ronricks
quote:
No Presidential administration has control over my financial choices, decisions, success, or even failures. That's 100% on me personally.
Whoa, slow down, you are drifting over to the conservative side.
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