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Message

re: Is The Economy really bad?

Posted on 8/24/25 at 10:44 pm to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/24/25 at 10:44 pm to
quote:

There’s plenty of homes Im seeing that are very affordable, under $400k


That’s not affordable for most people

That’s over 4x of the average household income
Posted by Klark Kent
Houston via BR
Member since Jan 2008
74769 posts
Posted on 8/24/25 at 11:11 pm to
quote:

GDP growth was below 3% every year during his first term :lol


quote:

That’s not booming


false. but that’s cute. poor job of painting the full picture. and you know that.

2008 –2.54%
2009 0.11%
2010 2.78%
2011 1.54%
2012 1.55%
2013 3.01%
2014 2.69%
2015 2.12%
2016 2.18%
2017 2.99%
2018 2.13%
2019 3.35%
2020 –1.02%
2021 5.72%
2022 1.32%
2023 3.20%


This post was edited on 8/25/25 at 7:58 am
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 8/25/25 at 7:00 am to
You hope that restaurants suffering because of this bullshite is because of government cuts?

It's been reported by many sources. Only the dumbass in the White House states otherwise.

Here you go. From your beloved FOX.

BTW, reservations would not be down because workers were cut because those workers went home to the DC suburbs at the end of the working day.
This post was edited on 8/25/25 at 7:25 am
Posted by lsu777
Lake Charles
Member since Jan 2004
37970 posts
Posted on 8/25/25 at 7:27 am to
quote:

That’s not affordable for most people

That’s over 4x of the average household income


quote:

There’s plenty of homes Im seeing that are very affordable, under $400k


i dont think the economy is necessarily bad, its mainly interest rates and inflation on things like food over last 4 years that have causes issues

but i do find it fricking hilarious that people on this board are so out of touch that they make comments like this or that 350k is middle class now etc.

400k house is affordable now

you need a household income between 100-135 to not exceed the 28% of your monthly gross and the median household in Louisiana is ~58k, in texas its ~77k but hey....the OT says 400k house is affordable at 6.5% interest :rotflmao: :rotflmao: :rotflmao:
Posted by SneezyBeltranIsHere
Member since Jul 2021
4300 posts
Posted on 8/25/25 at 7:50 am to
quote:

That’s not affordable for most people



Posted by Sun God
Member since Jul 2009
51905 posts
Posted on 8/25/25 at 7:52 am to
Penrod defending the boomers by saying he only made 40K and his 2500 sad house cost 65K might be one of the dumbest posts of the year
This post was edited on 8/25/25 at 7:54 am
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53516 posts
Posted on 8/25/25 at 7:53 am to
quote:

the OT says 400k house is affordable at 6.5% interest

That's almost a 3k/month mortgage payment
Posted by GeauxTigers123
Member since Feb 2007
3664 posts
Posted on 8/25/25 at 7:53 am to
quote:

the OT says 400k house is affordable at 6.5% interest


I agree it’s not affordable for the average person, but in all seriousness, this board is probably majority college educated and probably has average household income above the average. So that alters their view on things.
Posted by lsu777
Lake Charles
Member since Jan 2004
37970 posts
Posted on 8/25/25 at 8:01 am to
quote:

I agree it’s not affordable for the average person, but in all seriousness, this board is probably majority college educated and probably has average household income above the average. So that alters their view on things.


no it used to be

I would say not it less than 50% are college educated and very much is blue collar on here, becoming more and more every year

but doesnt matter, the point is people, college educated or not, are terrible with math and statistics. its not hard to look up median pay, median household etc

we get into this shite every time there is a trades vs going to college and dumbasses equate....knowing a guy who went on to own a business to tradesmen make more than white collar college educated people.

its asinine that people think a monthly mortgage payment of close to $3k is affordable for most families. Is it really that hard for posters to run the numbers really quick and realize median household in LA is less than $60k to realize....hey maybe a 400k house isnt affordable.

am I really asking that much? Im not asking them to be able to breakdown how much of the payment is towards insurance, interest etc....simple quick dirty google search. I mean frick just dont post stupid shite is all we are asking...think a little before posting. not that hard
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/25/25 at 8:08 am to
quote:

I agree it’s not affordable for the average person, but in all seriousness, this board is probably majority college educated and probably has average household income above the average. So that alters their view on things.


I can easily afford a $400k house. It takes the intellect of about a 5 year old to understand that I make more money than the average person and they cannot. It’s shocking how hard of a time some people have with that
Posted by lsu777
Lake Charles
Member since Jan 2004
37970 posts
Posted on 8/25/25 at 8:17 am to
quote:

I can easily afford a $400k house. It takes the intellect of about a 5 year old to understand that I make more money than the average person and they cannot. It’s shocking how hard of a time some people have with that


exactly. my house is worth a tad more than 400k but frick its not hard to understand my household income is anything but median

not asking a lot, just a tad bit of self awareness to understand what median household income is in your state or even the country and what that allows them to afford using the 28% rule.

i dunno maybe we are asking way way too much mingo
Posted by Dixie2023
Member since Mar 2023
5186 posts
Posted on 8/25/25 at 9:06 am to
Probably the heat. Things will pick up soon.
Posted by kjp811
Denver, CO
Member since Apr 2017
1109 posts
Posted on 8/25/25 at 9:13 am to
Construction projects are pretty slow in my area. Not dead but a good bit are either on hold waiting for clarity (interest rates) or they are undergoing some significant VE.

That said, our manufacturing arm is still very healthy.
Posted by dgnx6
Member since Feb 2006
89701 posts
Posted on 8/25/25 at 9:15 am to
quote:

So turns out a several months in that tariffs are still a terrible idea.



You must have missed that 26% inflation under Biden. You probably believed it was transitory.


Gas is also cheaper than under Biden and it drives the cost of everything.
This post was edited on 8/25/25 at 9:17 am
Posted by BoogaBear
Member since Jul 2013
7332 posts
Posted on 8/25/25 at 9:16 am to
quote:

Construction projects


My household income is over 300k and I scoff at the idea of building in the current economy. I can see construction slowing down big time outside of 1,800 sqft DR horton style homes.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/25/25 at 9:18 am to
quote:

I can see construction slowing down big time outside of 1,800 sqft DR horton style homes.


I’ve been told time and time again by this board that young folks would never consider these and want 3k sq ft minimum so how could this be so?
Posted by BoogaBear
Member since Jul 2013
7332 posts
Posted on 8/25/25 at 9:22 am to
quote:

I’ve been told time and time again by this board that young folks would never consider these and want 3k sq ft minimum so how could this be so?


Want and able to afford are very different things.
Posted by JoylessMurderball
Member since Sep 2024
271 posts
Posted on 8/25/25 at 9:41 am to
quote:

I’ve been told time and time again by this board that young folks would never consider these and want 3k sq ft minimum so how could this be so?


You called for Boomers to be euthanized in another thread, so I'm not sure why anyone would ever listen to your opinion.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 8/25/25 at 9:42 am to
quote:

You called for Boomers to be euthanized in another thread, so I'm not sure why anyone would ever listen to your opinion.


It was very clearly not serious, and for the record I said “many of them” so I, in fact, did not call for boomers as a whole to be euthanized
Posted by JoylessMurderball
Member since Sep 2024
271 posts
Posted on 8/25/25 at 9:44 am to
quote:


It was very clearly not serious, and for the record I said “many of them” so I, in fact, did not call for boomers as a whole to be euthanized


I didnt say you said all. I just said you called for Boomers to be euthanized. I'm glad your sticking point on it, is that you said "many" of them, instead of all. What a freaking clown.
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