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re: Affordability

Posted on 6/28/26 at 8:59 am to
Posted by VOLhalla
Knoxville
Member since Feb 2011
5174 posts
Posted on 6/28/26 at 8:59 am to
quote:

We have people saying we have affordability problems but houses are selling like hot cakes, new cars on the road everywhere


WTF are you talking about

Home sales are down pretty much everywhere. New car sales are down too.

What you’re describing is the economy four years ago
Posted by Revelator
Member since Nov 2008
62142 posts
Posted on 6/28/26 at 8:59 am to
It certainly doesn’t help our cause when he doesn’t at least sound concerned or sympathetic. That costs him nothing.
Posted by dgnx6
Member since Feb 2006
90444 posts
Posted on 6/28/26 at 9:03 am to
I don't know man.


Everyone I work with keeps going on vacations. I also just bought two dozen eggs for $3 before tax.



Posted by dgnx6
Member since Feb 2006
90444 posts
Posted on 6/28/26 at 9:05 am to
quote:

Trump has completely dropped the ball here. Remember last year when he was publicly talking about how he wants to ensure housing values remain high? And then floating idiotic policies like the 50-year mortgage? And he remains soft on wage-deflating policies like AI and H1Bs?

Creating small-i inflation via war with Iran exacerbated the situation.

There is a reason why young conservatives are forming breakaway parties.

He clearly has no fix for the inflation he and Biden created during Covid.




Man everything you said is wrong.




Posted by LemmyLives
Texas
Member since Mar 2019
16782 posts
Posted on 6/28/26 at 9:06 am to
quote:

before covid

You clearly don't remember enough high school econ to understand what Trump and Biden did to the money supply with their "recovery" activities.
Posted by Taxing Authority
Houston
Member since Feb 2010
63647 posts
Posted on 6/28/26 at 9:09 am to
quote:

So they "feel" worse off
Well, you can't have a socialist movement without economic envy. And we have an entire industry invested in making the masses feeling worse off. The best advice I ever got, is "don't be emotional about money".

I look at cars people drive today, and see what in the 1970s would have been unimaginable wealth. Is a $70,000 pickup ridiculous? Absolutely! But is a pickup with electric locks, windows, computer screens, wi-fi, powered tailgate, 3 cameras, etc ridiculous? Absolutely! Want the affordability of the 1970s, you'll need the sparcity of 1970's life. As of now, there is almost no demand for it.

You couldn't sell a house, or vehicle with a 1970s spec today. But if you could, it'd be damn cheap. Instead of accumulating wealth, today's poeple are spending their greater wealth. And you see it al over, in the "luxury" branding of... everything. Even Taco Bell has a "luxe" box. Imagine seeling taco bell as a "luxury" faire.
This post was edited on 6/28/26 at 9:10 am
Posted by Zach
Gizmonic Institute
Member since May 2005
117787 posts
Posted on 6/28/26 at 9:10 am to
The major characteristic of poor people is they have no sense of delayed gratification. In the old days us poor teenagers just said 'no' to our chance for expensive fun with the gang so we could afford our first used car in order to get a job that required a car. Today's kids don't look past next week.
This continues into their adult life since starvation is no longer a result of having no money. In fact, having no money seems to cause obesity.
This post was edited on 6/28/26 at 9:11 am
Posted by Taxing Authority
Houston
Member since Feb 2010
63647 posts
Posted on 6/28/26 at 9:12 am to
quote:

Trump has completely dropped the ball here.
Well, most of Trump's policies are inflationary, so he's kinda stuck on using it politcally. And most of his solutions, like capping credit card rates, and using the DOJ to threaten meat sellers, oil refiners, etc with "price gouging" prosecution are classic democrat socialist dreams. Helps them (especially long term) more than himself.
Posted by Taxing Authority
Houston
Member since Feb 2010
63647 posts
Posted on 6/28/26 at 9:16 am to
quote:

middle class would fall within the household income range of about $55,000 per year to about $165,000 per year. Those HHI numbers put the effective federal tax rate in the 4 to 11% range.
The "middle class" is getting a hell of a deal on taxes. Has since the Reagan tax reforms..
Posted by Gaspergou202
Metairie, LA
Member since Jun 2016
14429 posts
Posted on 6/28/26 at 9:18 am to
I’m going to be charitable to you. I’m assuming you are young and inexperienced and fall for their rhetoric and haven’t noticed their actual results.

Socialist/Democrates haven’t made things more affordable for decades.

They just claim to with government boondoggles that enrich themselves, their friends, and crumbs to the poor.

To do this they tax the hell out of the middle class.

When they cannot tax they just create debt to move the cash anyway creating inflation that hits the middle class and elderly the hardest.

If only they would do what they claim instead of what they actually do.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139933 posts
Posted on 6/28/26 at 9:22 am to
quote:

Well, most of Trump's policies are inflationary

Regulation reduction? Tax cuts?
I guess one reference might be tariffs. Except, of course, tariffs are not inflationary regardless of passthrough; no more than one-off corporate tax increases are inflationary.
Posted by Free888
Member since Oct 2019
3364 posts
Posted on 6/28/26 at 9:25 am to
People complaining about affordability while posting from an iPhone 16 while sipping a Starbucks latte.
Posted by dickkellog
little rock
Member since Dec 2024
3084 posts
Posted on 6/28/26 at 9:28 am to
married filing joint two kids making less than 200k there's always been strata within the middle class i grew up in the middle class when i was in high school and college graduated college in 83 my dad made 31k adjusted for inflation that's 106k and my dad described us as comfortable.

in the 1990's if you made 90k mfj with two kids you'd pay 14k in income tax now that couple pay's nothing because of tax credits. look i don't have a problem with that. my problem is with the politician's that pander to these people as if they're still pulling the wagon when in fact they're riding in it.

and i question the wisdom of a tax base in where 10% of tax payers pay 70% of all income taxes and the top 1% pay 40%. that maybe our tax base has gotten too narrow.
Posted by Taxing Authority
Houston
Member since Feb 2010
63647 posts
Posted on 6/28/26 at 9:33 am to
quote:

I guess one reference might be tariffs.
To be clear, I'm talking about price inflation here, But yeah, tariffs, fiscal and monetary stimulus, price controls, capping credit card rates, government "investing" in failing corporations, credit availability (50-year mortgages), on and on.

quote:

tariffs are not inflationary regardless of passthrough
Posted by Taxing Authority
Houston
Member since Feb 2010
63647 posts
Posted on 6/28/26 at 9:33 am to
quote:

married filing joint two kids making less than 200k there's always been strata within the middle class
This a top 10% income.

quote:

and i question the wisdom of a tax base in where 10% of tax payers pay 70% of all income taxes and the top 1% pay 40%. that maybe our tax base has gotten too narrow.
It's one of the biggest problems we have today. It's always easy to be generous with "someone else's" money. So it absolutely drives the demand for MOAR government spending. And if a small minority pays for the entire government, it becomes much hardet to make the argument that small minority shouldn't be running the government. Bad for everyone.
This post was edited on 6/28/26 at 9:37 am
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139933 posts
Posted on 6/28/26 at 9:45 am to
quote:

tariffs are not inflationary regardless of passthrough
---

Posted by dickkellog
little rock
Member since Dec 2024
3084 posts
Posted on 6/28/26 at 9:46 am to
quote:

This a top 10% income.


would be in arkansas but the national average is 215k
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99049 posts
Posted on 6/28/26 at 9:50 am to
Cucking Authority just likes to complain about everything Trump just like all his DSA comrades

But will claim hes a classic conservative
Posted by GreatLakesTiger24
Member since May 2012
61066 posts
Posted on 6/28/26 at 9:53 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99049 posts
Posted on 6/28/26 at 9:53 am to
What isnt fine to you?

Besides Joos?
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