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re: Home prices are dropping...still nobody buying.
Posted on 4/1/25 at 8:04 am to dragginass
Posted on 4/1/25 at 8:04 am to dragginass
quote:
We had 2 consecutive quarters of falling GDP, which in fact defines recession. Yet Biden and his puppet masters tried to say we were not in a recession,
That's not how I've always understood the rule of thumb. It's "at least two consecutive quarters of negative GDP growth", meaning GDP goes negative (meaning it actually shrinks). What you're referring to is a slowdown in the growth of GDP (ie: it's growing, but just not as fast).
With that definition, the last recession we had was Q1 & Q2 of 2020. The only other negative quarter we've seen since then was Q1 2022.
LINK
Now if you factor in how much of GDP has been due to the growing consumer and federal debt creation, that likely tells a different story.
While not a solid gauge for this specific subject (ie: breaking debt growth out of real GDP, to see what GDP growth would be without the extra debt creation), debt to GDP is handy for getting a feel of the economy's true strength or weakness.
The general economic consensus is that the debt to GDP ratio should be around 60% or lower, the US economy has not seen it that low since 2005. Aside from two sets of two quarters separated by a number of years, the US ration has been 100% or higher since Q4 2014. Since COVID it hasn't dropped below 115%.
0
Posted on 4/1/25 at 8:06 am to fallguy_1978
quote:
We had a 6.75% rate 20 years ago. That's not really that high of a rate from a historical perspective. The past 15-16 years have been the exception to the rule minus the last year or two.
15-16 years is a generation. An entire generation isn’t going to adjust their worldview in 1-2 years, it’s going to take much longer for builders and buyers to come to grips with the reality of historically average, yet generationally high interest rates in homes and vehicles.
Posted on 4/1/25 at 8:06 am to tdme
quote:
Or $2353 per year per person.
That is almost $10k a year for a family of 4?
Imagine believing that
Posted on 4/1/25 at 8:08 am to jizzle6609
Do you hsve a single bit of proof to bsck up anything you said?
We aren't in a recession.
Housing prices aren't plunging.
95% of Americans are current on all loans.
I've previously provided links supporting those facts, yet none of you can.
I took OP up on his offer to bet, and, crickets...
You're welcome to your own opinion, just not your own "facts".
We aren't in a recession.
Housing prices aren't plunging.
95% of Americans are current on all loans.
I've previously provided links supporting those facts, yet none of you can.
I took OP up on his offer to bet, and, crickets...
You're welcome to your own opinion, just not your own "facts".
Posted on 4/1/25 at 8:10 am to TBoy
quote:
You’ve been lied to. Tariffs are taxes and we will pay trillions.
They are taxes hidden within red, white, and blue wrapping.
Posted on 4/1/25 at 8:53 am to ATrillionaire
quote:
They are taxes hidden within red, white, and blue wrapping.
If tariffs are bad why are U.S. goods some of the most heavily tariffed goods in the world? Why would other countries hurt themselves like that?
Posted on 4/1/25 at 8:55 am to RLDSC FAN
quote:
I've been told tariffs are going to supercharge our economy.
Every other country imposes tariffs right? So why are they bad when only we do it?
Posted on 4/1/25 at 9:20 am to RaoulDuke504
quote:
If tariffs are bad why are U.S. goods some of the most heavily tariffed goods in the world? Why would other countries hurt themselves like that?
I prefer not to compare the USA to other countries. I like what we have going here. I love the opportunity to purchase really cheap foreign goods.
Posted on 4/1/25 at 9:28 am to ATrillionaire
quote:
I prefer not to compare the USA to other countries. I like what we have going here. I love the opportunity to purchase really cheap foreign goods.
Of course you do because people like you are selfish and only look out for themselves and don’t care about the country .
36% of working adults do gig work
Local companies are closing due to cheap imports
U.S. towns are dead due to manufacturing leaving
U.S. has 2 steel factories left and are completely dependent on imports
You get cheap stuff but your grandkids will pay the price later
Posted on 4/1/25 at 9:29 am to RaoulDuke504
quote:
Of course you do because people like you are selfish and only look out for themselves and don’t care about the country .
Correct.
Posted on 4/1/25 at 9:43 am to RaoulDuke504
quote:
If tariffs are bad why are U.S. goods some of the most heavily tariffed goods in the world? Why would other countries hurt themselves like that?
I'd love to hear someone answer this.
Posted on 4/1/25 at 9:46 am to SDVTiger
quote:
So the great melt is over $6 a day
People here melt over far less than that. You might be one of them.
That's over twice as much money as the US has ever given both Israel and Ukraine, since 1948. Total.
The melting that takes place here about that at least weekly is far greater than these tariffs.
So if you've ever complained about Israel or Ukraine, you've melted over half the amount of money these tariffs represent to American taxpayers.
Posted on 4/1/25 at 9:52 am to sidewalkside
quote:
Anybody want to bet the recession is upon us as we speak?
You sound giddy. I thought high home prices were a problem. Make up your fricking mind.
Biden changed the defintion.
Posted on 4/1/25 at 9:52 am to wackatimesthree
quote:
People here melt over far less than that
Thats cause you ppl are pathetic and fat
Posted on 4/1/25 at 9:54 am to wackatimesthree
quote:
So if you've ever complained about Israel or Ukraine, you've melted over half the amount of money these tariffs represent to American taxpayers.
What if I don't buy what is tariffed?
Posted on 4/1/25 at 9:54 am to ATrillionaire
quote:
I love the opportunity to purchase really cheap foreign goods.
But those "really cheap" goods are created by what is essentially slave labor. There is a reason they cost so little.
Posted on 4/1/25 at 9:59 am to Oilfieldbiology
quote:
going to take much longer for builders and buyers to come to grips with the reality of historically average, yet generationally high interest rates in homes and vehicles.
This. We had a 7% rate for our first home in '01. When we "scored" a 6.25% rate in '05, we thought we hit the jackpot. Young buyers think the 3% rates of the past few years were the historical norm.
Posted on 4/1/25 at 10:00 am to HouseMom
quote:
But those "really cheap" goods are created by what is essentially slave labor. There is a reason they cost so little.
Can't save the world.
Posted on 4/1/25 at 10:08 am to i am dan
quote:
Every other country imposes tariffs right? So why are they bad when only we do it?
Who claimed that?
Posted on 4/1/25 at 10:09 am to SDVTiger
quote:
Thats cause you ppl are pathetic and fat
But we have IQs above 85, which is a claim you cannot honestly make.
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