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Started By
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re: So all I need to do to afford a $750,000 house
Posted on 3/18/25 at 11:25 am to scottydoesntknow
Posted on 3/18/25 at 11:25 am to scottydoesntknow
quote:Apparently you don't know what you don't know, which is ironic given your user name. When is the last time a "bailout" MADE money?
yeah we are done here
2
Posted on 3/18/25 at 11:26 am to JohnnyKilroy
quote:
The same people who are saying we are on the edge of societal collapse if Trump can't right the shite FAST are saying things were just as hard if not harder 50 years ago.
Go read the money board if you really wanna see some of the "hardest workin" generation shrieking about Trump ruining their retirements
Posted on 3/18/25 at 11:29 am to NC_Tigah
Or QE1...or QE2...or QE3...or QE 4
I wonder how much money that made the "bootstrap generation"
I wonder how much money that made the "bootstrap generation"
Posted on 3/18/25 at 11:39 am to NIH
quote:
ridiculous real estate market requiring $450k entry prices into the market
By definition, the median price is not the “entry price.”
Why would someone entering the housing market for the first time expect to buy a median-priced house?
Posted on 3/18/25 at 11:42 am to NC_Tigah
Boomers are the kids of connected parents who pulled strings to get them into a nice college...while telling others who didnt get in "you should have studied harder"
Posted on 3/18/25 at 11:46 am to LSUconvert
quote:Carter admin. 17% mortgage interest is no joke, we paid points to get it to 13%
Quick question. Does it take more years earning the median salary to earn the value of the median home now or during the Carter admin?
Posted on 3/18/25 at 11:47 am to scottydoesntknow
quote:
quote:
TARP was not a bailout.
yeah we are done here
Hardly a bailout
As of September 30, 2023, the total amount disbursed for TARP programs was $443.5 billion and OFS collected $425.5 billion (or $443.1 billion if including the $17.5 billion in proceeds from the additional Treasury American International Group, Inc. [AIG] shares) through repayments, sales, dividends, interest, and other income. After considering the interest expense of $13.1 billion, the net cost of TARP programs was $31.1 billion.
Posted on 3/18/25 at 11:51 am to scottydoesntknow
quote:
you say it enough and wish apon a star...maybe one day it will be true.
Actually lived it, for a brief spell. And know plenty of people who have that exact problem.
Posted on 3/18/25 at 11:52 am to scottydoesntknow
quote:Jealousy is strong in this one.
scottydoesntknow
Posted on 3/18/25 at 11:54 am to AuburnTigers
quote:
dont live in a shite hole.
Sounds like you have in your past and were all good with it
quote:
shite hole shite hole shite hole. Such a basic vocabulary for a 40 year old
K
Posted on 3/18/25 at 11:55 am to llfshoals
quote:Most of these people here complaining don't understand that you paid points to get to 13, which means you paid points to get where you could pay 7% MORE than todays current rates. And you were glad to get that rate, buy a home that you likely need to fix up which you were proud to do.
Carter admin. 17% mortgage interest is no joke, we paid points to get it to 13%
Posted on 3/18/25 at 11:55 am to Boss
quote:
Hardly a bailout
As of September 30, 2023, the total amount disbursed for TARP programs was $443.5 billion and OFS collected $425.5 billion (or $443.1 billion if including the $17.5 billion in proceeds from the additional Treasury American International Group, Inc. [AIG] shares) through repayments, sales, dividends, interest, and other income. After considering the interest expense of $13.1 billion, the net cost of TARP programs was $31.1 billion.
quote:
The Federal Reserve's balance sheet, which is a key indicator of the money supply, has seen significant changes from 2008 to 2025. In 2008, the balance sheet stood at approximately 0.9 trillion U.S. dollars. By January 2025, it had expanded to about 6.85 trillion U.S. dollars
Posted on 3/18/25 at 11:58 am to scottydoesntknow
quote:
Boomers are the kids of connected parents who pulled strings to get them into a nice college...
Tell me you don't know shite, without telling me you don't know shite.
You better learn a great work ethic or your life of bitching on a message board is going to become a career.
Screaming "Life isn't fair" on Social Media ain't paying nobody's bills
Posted on 3/18/25 at 11:59 am to scottydoesntknow
quote:
Go read the money board if you really wanna see some of the "hardest workin" generation shrieking about Trump ruining their retirements
Heaven forbid someone that worked and saved and invested all their life, not want to lose a huge chunk of it when time to reap the rewards.
Posted on 3/18/25 at 12:02 pm to Miner
quote:
Heaven forbid someone that worked and saved and invested all their life, not want to lose a huge chunk of it when time to reap the rewards.
Sounds like Boomers should have been more wise with their investments
Posted on 3/18/25 at 12:04 pm to llfshoals
quote:
Quick question. Does it take more years earning the median salary to earn the value of the median home now or during the Carter admin?
Carter admin.
Can you show me the math that led you to this conclusion?
The data is in this thread but it exists elsewhere to.
Posted on 3/18/25 at 12:05 pm to riccoar
quote:
You better learn a great work ethic or your life of bitching on a message board is going to become a career.
Screaming "Life isn't fair" on Social Media ain't paying nobody's bills
Thank you. That was my last point.
Even if you grant the whining (which the numbers do not bear out), so what?
Ain't nothing left to do but deal with it until it gets better (which it will...SFP says any day now). If you have to work twice as hard to be half as good, then shut up, get busy, and get to it, and quit wasting time whining on a message board about it.
Like you said, that ain't paying nobody's bills.
Posted on 3/18/25 at 12:07 pm to scottydoesntknow
quote:Boomers are certainly going to enjoy spending the social security money you pay in. Ha ha
scottydoesntknow
Posted on 3/18/25 at 12:09 pm to LSUconvert
quote:
Can you show me the math that led you to this conclusion? The data is in this thread but it exists elsewhere to.
I ran the math for 1979 amd 1981...hes wrong
Posted on 3/18/25 at 12:09 pm to RollTide4547
quote:
Boomers are certainly going to enjoy spending the social security money you pay in. Ha ha
They're probably billionaires getting the money, too.
You know back in 1982 you could put a dime in a gum ball machine and every 10th gum ball that came out had a house deed wrapped around it.
That's how easy it was to buy a house back then.
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