- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: An aging America: Old people will outnumber children for the first time in US history
Posted on 11/26/18 at 3:36 pm to RogerTheShrubber
Posted on 11/26/18 at 3:36 pm to RogerTheShrubber
quote:
That's a retarded way to look at it
No it's not. It's a huge part of setting interest rates.
0
Posted on 11/26/18 at 3:37 pm to RogerTheShrubber
quote:
That's a retarded way to look at it
Yep. Most people need a vehicle and place to live
Posted on 11/26/18 at 3:39 pm to Hammertime
quote:
Responsible (smart) people don't make the decision to have children when they can't afford them.
If they were actually smart they would see the error in this. All this means is, as the economy continues to decline, there will eventually be no smart young people left, because all the smart adults are all waiting for the economy to get better to have kids. Very smart!
Posted on 11/26/18 at 3:39 pm to NYNolaguy1
“If you can’t beat em, join em”
Posted on 11/26/18 at 3:40 pm to fallguy_1978
quote:
Most people need a vehicle
You have to finance it?
quote:
place to live
No one makes you buy it or mandates the amount you spend.
Again, interest rates are set, in part, to influence spending and/or saving. High interest rates influence less consumer spending and more saving or investment in debt. Low interest rates influence spending like we saw in the last recession when rates got to or near 0
Posted on 11/26/18 at 3:43 pm to Mingo Was His NameO
quote:
You have to finance it?
A very small percentage of this country can pay cash for a vehicle.
quote:
No one makes you buy it or mandates the amount you spend.
It will affect rents also as the person that owns your apartment complex or house is probably paying a mortgage too.
Posted on 11/26/18 at 3:46 pm to fallguy_1978
quote:
A very small percentage of this country can pay cash for a vehicle they want.
FIFY. Many can pay cash for a vehicle. Just not that 2019 Yukon with heated and cooled seats, 360 back up camera, Italian leather seats, etc.
quote:
It will affect rents also as the person that owns your apartment complex or house is probably paying a mortgage too.
I agree, but spend less and get the guaranteed return on your cash netting it out.
High interest rates aren't inherently bad. In fact, that means the economy is probably running efficiently.
Posted on 11/26/18 at 3:46 pm to fallguy_1978
Yep, car and house notes were roughly what people pay today
Federal reserve was fighting inflation. We had this really weird situation of high interest, unemployment and inflation
LINK
Federal reserve was fighting inflation. We had this really weird situation of high interest, unemployment and inflation
LINK
quote:
According to the Census Bureau, the average cost of a home in 1981 was $82,500. With an interest rate of 18.45%, buying a home was expensive. A monthly payment, after putting 20% down, would have been $1,019. That's the equivalent of $2,500 today, adjusting for inflation. And that doesn’t include property taxes, home insurance, etc.
The average cost of a home today is $322,700. If the same 18.45% rate were applied - along with a 20% down payment - the monthly cost would be $3,986. The total payments after 30 years would be about $1.43 million, with roughly $1.18 million of that going towards interest alone.
This post was edited on 11/26/18 at 3:50 pm
Posted on 11/26/18 at 3:51 pm to slackster
quote:
Whites don't even have children at a replacement rate, much less 4 per couple.
I did my part, and I’m willing to get unclipped and impregnate a few chicks if my wife says it’s ok
Posted on 11/26/18 at 3:52 pm to Mingo Was His NameO
quote:
FIFY. Many can pay cash for a vehicle. Just not that 2019 Yukon with heated and cooled seats, 360 back up camera, Italian leather seats, etc.
What percentage of the country do you think could pay 10k cash for an 10 year old Honda Accord? 15-20%?
Posted on 11/26/18 at 3:53 pm to fallguy_1978
quote:
Thanks LBJ and open border proponents
Boomers
Posted on 11/26/18 at 3:55 pm to Collegedropout
quote:
Boomers
LBJ was born in 1908. He wasn't a boomer
Posted on 11/26/18 at 3:55 pm to fallguy_1978
quote:
A very small percentage of this country can pay cash for a vehicle.
You can buy a running car for $2500 off Craigslist for fricks sake....
Posted on 11/26/18 at 3:56 pm to fallguy_1978
quote:
What percentage of the country do you think could pay 10k cash for an 10 year old Honda Accord?
0% considering that's not how much they cost. And even if they did, if you only finance 50% instead of 95% you'll still be fine.
I'm not saying high interest rates are preferable for people taking out loans. Mathematically that's false. What I'm saying is high interest rates aren't inherently bad. Interest rates are cyclical, just like the economy. When they're high, you have incentive to save, when they're low, you have incentive to take on debt. I don't mind interest rates rising, more oppurtunity to make money because people can't control they're spending.
And they're all relative. If I'm outpacing my debt with my returns it doesn't matter if I'm paying 2% or 20% I'm still making money.
This post was edited on 11/26/18 at 3:57 pm
Posted on 11/26/18 at 3:56 pm to Collegedropout
quote:
You can buy a running car for $2500 off Craigslist for fricks sake....
How many people opt to drive a beater if they can afford something else?
Posted on 11/26/18 at 3:57 pm to fallguy_1978
quote:
LBJ was born in 1908. He wasn't a boomer
Shows how screwed up our education system really is
Boomers.
Posted on 11/26/18 at 3:58 pm to Thib-a-doe Tiger
quote:
How many people opt to drive a beater if they can afford something else?
The problem is they really can't afford it. If you have to finance it at 5% for 96 months, you can't afford it.
I'm far from if you can't pay cash you can't afford it crowd, but you also can't finance your way into affording something.
Posted on 11/26/18 at 3:58 pm to Collegedropout
quote:
You can buy a running car for $2500 off Craigslist for fricks sake....
That you'll constantly be missing work with because it's in the shop.
The vast majority of the country finances their vehicles. Some people are stupid and buy more than they can afford or agree to bad terms and we should continue to allow them to do so.
Posted on 11/26/18 at 4:01 pm to Thib-a-doe Tiger
If you can’t afford to have kids then clearly you can’t afford to drive something else. Unless a car is more important to you than passing on your genetic legacy. In which case you are a sad excuse for a man.
Posted on 11/26/18 at 4:01 pm to RogerTheShrubber
I didn’t say he was a boomer... Boomers support open borders. Gosh... the reading comprehension in this country!!!
Page 6 of 8
Back to top
Follow TigerDroppings for LSU Football News