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re: Are these quotes from MAGA, Bernie Sanders, Obama, or AOC?
Posted on 4/8/25 at 5:28 am to SlowFlowPro
Posted on 4/8/25 at 5:28 am to SlowFlowPro
quote:No. You chose them though. You chose graphs w/ a Case-Shiller ordinate, perhaps w/o understanding what you were doing.
note: I did not create either of the graphs. It's not my opinion.
Further, any "Bubble" cited in those graphs would not be derived from scary bumps in the trendline, but rather in divergence from affordability baselines in the surveyed regions (if applicable). But those baselines are not included in your graphs.
Though your Shiller Index tries to account (incompletely) for home size and quality, it is based in nominal USD, meaning it does not account at all for inflation. Whereas, we can very easily adjust a median home price ordinate for inflation and/or median house size, or median income, those comparisons are more challenging with Shiller's premanipulated indices. Further Case-Shiller ignores all but 20 metroplexes in its calculations. If you're living in a community w/ a population <500K, or anywhere in the central US plains, you're not included.
So Shiller's index looks unsurprisingly more like a measure of SanFrancisco home prices (one of his targeted metro areas) than of the US in general. It's the same reason C-S numbers will appear to separate more dramatically from median US income numbers.
------
All of which again begs the question that you dodged --- How much REAL growth in home value should a homeowner expect to enjoy over 15yrs on average?
This post was edited on 4/8/25 at 5:52 am
0
Posted on 4/8/25 at 5:32 am to SlowFlowPro
(no message)
This post was edited on 4/8/25 at 5:37 am
Posted on 4/8/25 at 7:21 am to SlowFlowPro
quote:So is Bitcoin ... until it isn't.
Again, as JerseyTiger explained, most land is worthless.
Location or resources are obviously major determinants of land value.
Posted on 4/8/25 at 7:43 am to SlowFlowPro
Decide to stop faking lawyer to fake political pundit now?
Posted on 4/8/25 at 7:44 am to llfshoals
quote:
Decide to stop faking lawyer
I'm going to be in court in a little over an hour
Posted on 4/8/25 at 7:47 am to SlowFlowPro
quote:And much like the last time you’ll somehow manage 2 posts a minute while doing so
I'm going to be in court in a little over an hour
Posted on 4/8/25 at 7:49 am to SlowFlowPro
quote:
Ray Epps was just some guy at the Capitol on Jan 6
Who said it?
Posted on 4/8/25 at 7:51 am to SlowFlowPro
quote:
Productivity of the average worker has doubled the last 50 years, but wages have only gone up 38%.
This is because there is societal pressure to no pay off unnecessary workers. If they right sized their employment numbers to only necessary levels, they could greatly increase wages and achieve the same productivity.
Posted on 4/8/25 at 10:37 am to SlowFlowPro
quote:
A lot of people on this board making 195k who identify as "middle class"
Now there's some high level cherry picking! :)
So the national figures that you quoted in the OP use some sampling of this particular forum for their definition of middle class? That's rich (no pun intended!).
From wiki:
quote:
According to a 2021 Pew Research study that classifies adults as middle class if they belong to a household with income between 2/3 and 2x median household income ($52k-$156k for a household of three),
So the upper end of that is well below your 'definition' of middle class. And the mid-point is almost half (0.53) of your figure.
Even you can do better.
Posted on 4/8/25 at 10:40 am to MidWestGuy
quote:
From wiki:
quote:
study that classifies adults as middle class if they belong to a household with income between 2/3 and 2x median household income
Original post from SFP:
quote:
There has been a debate (long before hyper-polar politics and the era of Trump, or even Obama) about what "the middle class" is.
For example, it's typical for people to use salaries/income in the top 10% as "middle" class. Right now that's about 195k (when this debate was first started on here the number was much lower but % the same).
How you define what "middle class" changes the discussion drastically
quote:
So the national figures that you quoted in the OP use some sampling of this particular forum for their definition of middle class?
This is politics being played at an emotional level. Creating the avatar in voters (This time MAGA ones, but the same rhetoric was historically used for DEMs) that they are "the middle class" is very important for the emotional arguments promoting leftist economics.
Posted on 4/8/25 at 10:41 am to SlowFlowPro
quote:
voted Ye in 2020. RFK in 2024, b/c there were no candidates that aligned with my views.
Chase Oliver was over here being a moderate libertarian just waiting on you sfp
Posted on 4/8/25 at 10:44 am to SlowFlowPro
Didn't read the post but who cares what was said, what really matters is what was done or what is being done. 3 of those people have made this country a shithole. 1 of those 3 is a geriatric who probably screams at kids for being on his lawn. Another of those 3 is just a plain idiot. And 1 stands alone and is trying to get this country back on track.
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