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Posted on 11/11/26 at 12:13 pm to stout
I'm pretty sure everyone in Oklahoma is wealthy with these beef prices
Posted on 11/11/26 at 12:13 pm to CatfishJohn
I doubt many homeowners anywhere in the country have a negative net worth. Which is why poor states like Mississippi and West Virginia have such low numbers, because they both rank in the top 5 in nation in homeownership %. California has the 2nd lowest home ownership in the nation.
Homeownership-
Mississippi @ 75% vs California @ 55%
Homeownership-
Mississippi @ 75% vs California @ 55%
Posted on 11/11/26 at 12:15 pm to Mingo Was His NameO
quote:
people in California sitting on 300-400% equity in their homes
How do you get over 100% equity in a home? It's either 100% or less if you owe on it.
Posted on 11/11/26 at 12:28 pm to Saskwatch
quote:
Wage growth not keeping up with inflation
Is basically a myth. Between 2000 and 2019 wage growth outpaced inflation by about 4.5%. From 2021 to today wage growth has lagged by about 1% or 2%. Recently it’s been about the same. I left out 2020 because there are too many discontinuities due to the ridiculous covid response.
Posted on 11/11/26 at 12:41 pm to dat yat
quote:
How do you get over 100% equity in a home? It's either 100% or less if you owe on it.
Purchase price $500k
($200k mortgage, $300k equity)
Market price now $1,200k
($100k mortgage, $1,100k equity)
300+% equity (original purchase price / equity as basis).
I had this happen in our CA home during dot.com times! CA housing market can be wild.
This post was edited on 11/11/26 at 12:52 pm
Posted on 11/11/26 at 1:00 pm to oldtrucker
quote:
Native Americans in New Mexico know how to profit from tourism. I just returned from a rte 66 road trip
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