Trumps re-election....

[jellyrug]

Only major difference in our links is the deficit. I only posted the part of the article that addresses Zerks' bs. What I know is what I see every time I go out. The economy here in the Midwest is fine; flourishing, which is a good thing, but that half the country doesn't want to see because they believe it was caused by who they conceive to be the enemy. It was caused by our populace, they people that work, play and spend. I will say it again; I hope the country continues to flourish under Trump and who knows who is next. The good trend is the important thing, not the political party.

Sounds as if you are in a good place. I can only speak for myself, in the residential and commercial building cabinetry business, our prices are close to 100% up, compared to 2020, things are a bit slower, but we really have to cut margins to get business.

 

[Red05]

Sounds as if you are in a good place. I can only speak for myself, in the residential and commercial building cabinetry business, our prices are close to 100% up, compared to 2020, things are a bit slower, but we really have to cut margins to get business.

I have noticed lumber shot up after covid and conveniently never came down much. Certain items are worse than others in that regard, and I haven't seen a pattern. I am naturally optimistic, but try to keep a realistic eye. I've said all along, from personal observation, that the political divide affecting families and society in general is the real enemy. Blanca calling liberalism a mental disease is a perfect example. Terms like libtard and pubtard aren't helpful in the least. Ideologies and the evaluation of them, good or flawed, are the catalyst that keep society evolving and sometimes keeps it on it's toes.
The whole mess can make a person lose interest in politics all together.

 

[jellyrug]

I have noticed lumber shot up after covid and conveniently never came down much. Certain items are worse than others in that regard, and I haven't seen a pattern. I am naturally optimistic, but try to keep a realistic eye. I've said all along, from personal observation, that the political divide affecting families and society in general is the real enemy. Blanca calling liberalism a mental disease is a perfect example. Terms like libtard and pubtard aren't helpful in the least. Ideologies and the evaluation of them, good or flawed, are the catalyst that keep society evolving and sometimes keeps it on it's toes.
The whole mess can make a person lose interest in politics all together.

Yep, when prices go up, they almost never come down again.

Yes, I agree, some terms used are not helpful, other than the guy you mention, Trump's biggest weakness is the name calling and the bad terms.

I'm good at calling a spade a spade, and planting dry humor responses, don't always succeed, but try not to get into name calling.

 

[Zerks]

Only major difference in our links is the deficit. I only posted the part of the article that addresses Zerks' bs. What I know is what I see every time I go out. The economy here in the Midwest is fine; flourishing, which is a good thing, but that half the country doesn't want to see because they believe it was caused by who they conceive to be the enemy. It was caused by our populace, they people that work, play and spend. I will say it again; I hope the country continues to flourish under Trump and who knows who is next. The good trend is the important thing, not the political party.

The part you don't include is how much credit card and car loan debt has risen... in other words the personal debt bubble has been expanding and making the numbers look better than they really are. . Some of that comes from consumer confidence and some of it comes from people that use their credits cards to pay bills because they don't have the cash flow.

The mishandling of our countries budget has been going of for decades... the over spending has go to be cut. While the midwest produces a more conservative type person that lives within their means... out here on the west coast it's a debt haven. Home prices are ridiculous as compared to where you live... and that impacts everything in a normal household budget. Many multigenerational families out here live together because that is the only way they can afford it.

I lived in the Midwest decades ago... I knew I had to leave and see more of the country... I see more opportunity in the western states when it comes to industry.

 

[Red05]

The part you don't include is how much credit card and car loan debt has risen... in other words the personal debt bubble has been expanding and making the numbers look better than they really are. . Some of that comes from consumer confidence and some of it comes from people that use their credits cards to pay bills because they don't have the cash flow.

The mishandling of our countries budget has been going of for decades... the over spending has go to be cut. While the midwest produces a more conservative type person that lives within their means... out here on the west coast it's a debt haven. Home prices are ridiculous as compared to where you live... and that impacts everything in a normal household budget. Many multigenerational families out here live together because that is the only way they can afford it.

I lived in the Midwest decades ago... I knew I had to leave and see more of the country... I see more opportunity in the western states when it comes to industry.

It all comes down to you. The Midwest has plenty of people in debt with big mortgages and vehicle loans. It’s just a different philosophy on life that some people adhere to. I am way more connected in the Los Angeles area than you think. I can afford an apartment on Ocean Ave in Venice, California and afford to walk down to the beach and get a breakfast burrito and a coffee because of good decisions in the last 20 years. You go on about banks and real estate and after 35 years there and 30 here, I’m telling you, it all comes down to you.

 

[Zerks]

It all comes down to you. The Midwest has plenty of people in debt with big mortgages and vehicle loans. It’s just a different philosophy on life that some people adhere to. I am way more connected in the Los Angeles area than you think. I can afford an apartment on Ocean Ave in Venice, California and afford to walk down to the beach and get a breakfast burrito and a coffee because of good decisions in the last 20 years. You go on about banks and real estate and after 35 years there and 30 here, I’m telling you, it all comes down to you.

You da man... You can afford an apt in California... I have no idea why you use your self as an anecdotal example of what you want say about the nations economy... Must be some kind of superiority complex that you feel the need to express.

 

[Duro5341]

It all comes down to you. The Midwest has plenty of people in debt with big mortgages and vehicle loans. It’s just a different philosophy on life that some people adhere to. I am way more connected in the Los Angeles area than you think. I can afford an apartment on Ocean Ave in Venice, California and afford to walk down to the beach and get a breakfast burrito and a coffee because of good decisions in the last 20 years. You go on about banks and real estate and after 35 years there and 30 here, I’m telling you, it all comes down to you.

Your right...................to a point.

Not everyone has had your experience, intellect, and knowledge or your opportunities in life.

I knew all the same things as you when I was 20, but life circumstances got in the way and forced my hand on many things.

When I was 20 being able to eat, put a roof over my head, and get back and forth to work to survive was more important than putting $20, $30 or $50+ a week away in a savings account. Not to mention supporting my aging mother, siblings and the household.

Now before you say, I was a rotten kid that was thrown out of the house - NO

I grew up in a single mother household, living in poverty(just like my grand mother) in a small town.
We all banded together to keep each other afloat. I grew up without Cable or colour TV (we had a 13" B/W hand me down TV with rabbit ears), a cold drafty farm house, and food when we could afford it. We washed cloths by hand (but we had a wringer thank god), and hung them to dry. We had a roof over our head, but just basically.

Any spare money I had went to help my family, and still does to this day. I have a small amount of RRSP's saved up, but that's all I have for retirement in 25 years. Not everyone is as fortunate as you are, and EVERY situation is unique.

So YES, the knowledge is easy to obtain for those who want to learn (I learned it early on)........................The ability to put it into practise is a different story, and is dependant on many outside factors.

Because of my knowledge, I am doing better than my parents and grandparents..............................But not by much, as helping my family survive is more important than being rich or well off myself and alone in this world.

I have my Busa, which is my one and only toy.................It's my escape in life when those dark feelings start to rise.
Without this bike, and those hobbled together before it, I wouldn't be here today to give you another perspective on life.

Cameron

 

[Red05]

Your right...................to a point.

Not everyone has had your experience, intellect, and knowledge or your opportunities in life.

I knew all the same things as you when I was 20, but life circumstances got in the way and forced my hand on many things.

When I was 20 being able to eat, put a roof over my head, and get back and forth to work to survive was more important than putting $20, $30 or $50+ a week away in a savings account. Not to mention supporting my aging mother, siblings and the household.

Now before you say, I was a rotten kid that was thrown out of the house - NO

I grew up in a single mother household, living in poverty(just like my grand mother) in a small town.
We all banded together to keep each other afloat. I grew up without Cable or colour TV (we had a 13" B/W hand me down TV with rabbit ears), a cold drafty farm house, and food when we could afford it. We washed cloths by hand (but we had a wringer thank god), and hung them to dry. We had a roof over our head, but just basically.

Any spare money I had went to help my family, and still does to this day. I have a small amount of RRSP's saved up, but that's all I have for retirement in 25 years. Not everyone is as fortunate as you are, and EVERY situation is unique.

So YES, the knowledge is easy to obtain for those who want to learn (I learned it early on)........................The ability to put it into practise is a different story, and is dependant on many outside factors.

Because of my knowledge, I am doing better than my parents and grandparents..............................But not by much, as helping my family survive is more important than being rich or well off myself and alone in this world.

I have my Busa, which is my one and only toy.................It's my escape in life when those dark feelings start to rise.
Without this bike, and those hobbled together before it, I wouldn't be here today to give you another perspective on life.

Cameron

You've lived a noble life. We all encountered complications to some extent. I wasn't implying that everyone should be or is successful, I was trying to convince Zerks that using his theories of governmental control as a crying pad doesn't help a thing. I was trying to tell him that success is still attainable regardless of what administration is in the White House, if Black Rock is making the real estate market more difficult or bank regulations narrow the paths to success.
I guess I still care...even about Zerks.

 

[Duro5341]

You've lived a noble life. We all encountered complications to some extent. I wasn't implying that everyone should be or is successful, I was trying to convince Zerks that using his theories of governmental control as a crying pad doesn't help a thing. I was trying to tell him that success is still attainable regardless of what administration is in the White House, if Black Rock is making the real estate market more difficult or bank regulations narrow the paths to success.
I guess I still care...even about Zerks.

Thank you......................But, you missed my point

My point is, to many who look at me at face value, without knowing my past
They would say I made terrible financial decisions in life, and thus deserve to live with the financial hardships/straps I have today.

Given the restraints I had, I have done remarkably well for myself...................but still considered poor to those around me.

I do think it should be illegal for corporations to own property, I also think it should be illegal for ANYONE who is NOT an American citizen to own land in the USA. I feel the same for Canada where I reside. Black Rock is using their financial wealth, and playing the housing market like the stock market, as it has better returns for their investors.

The housing market should NEVER be used to make money blindly, housing is NOT an option and a necessity in life.
Housing is to be used as a long-term bank account, where your investment is protected(if you maintain it) and you have safe shelter for you and your family. If you own property it should be for personal use ONLY.

If your a landlord you should be taxed at 80%+ as your no better than corporations using your financial wealth to hold your neighbours hostage to build your wealth on the backs of their neighbours. As a landlord your basically running a commercial business and selling housing for a profit, so you should be taxed heavily on said profits as scum like this is what drives housing prices through the roof for EVERYONE ELSE.

If you want to make money in the open market fine, I am all for capitalism..................But housing is NOT a luxury, it's a necessity and should have protections in place for those who wish to exploit the poor with a basic necessity of life.

Cameron

 

[Red05]

If your a landlord you should be taxed at 80%+ as your no better than corporations using your financial wealth to hold your neighbours hostage to build their wealth on the backs of their neighbours. As a landlord your basically running a commercial business and selling housing for a profit, so you should be taxed heavily on said profits as scum like this is what drives housing prices through the roof for EVERYONE ELSE.

That I take exception to. I’ve been a landlord for 30 years. I’ve provided quite a few people a decent place to live at very reasonable rates, people that for various reasons can’t or won’t buy. Your statement is quite general and demeaning.
By the way, I didn’t miss your point, merely explaining my reply to Zerks

 

[Duro5341]

That I take exception to. I’ve been a landlord for 30 years. I’ve provided quite a few people a decent place to live at very reasonable rates, people that for various reasons can’t or won’t buy. Your statement is quite general and demeaning.

As a landlord, your tenants paid off your mortgage on the property you leveraged and YOU keep the asset in the end...........................You are no better than the massive corporations using your financial means to build your personal wealth, on the backs of your neighbours.

The ONLY good landlords out there, offer their tenants a "rent to own" situation where for a small fee/percentage (1-2%) they allow their renters to use their financial abilities to own their own home. They take their good fortune, and pay it forward to those below them

You are right, there is a part of the population that will ALWAYS be renters, usually on a short-term basis and this is where long-term motels come into play. Do yourself a favour and ask ANYONE renting,. "if they could take their rent payment and make it a mortgage payment would they????". I can guarantee over 90% of them would say yes in a heartbeat. While you believe you charge a fair rate, I'm sure it's over inflated as the whole market is over inflated.

Like I said, I have NO problem with people owning multiple properties for personal use, it's a free country do what you want................but the minute you buy a property with the sole purpose to rent it out, and let your tenants pay the mortgage for you, I have NO sympathy for you. You are now using the property like the stock market. Instead of 100 stocks in a company, you have a property to buy and sell on the market. Like it or not, YOU are part of the problem and are directly driving the cost of housing up..............you bought it to rent it, someone else could have bought it to live in.

And I know, in the end you don't care, your making your money, growing your wealth, and screw you......................You just as greedy as the corporations you democrats love to discredit, label, and shame. Your just doing it on a smaller scale than the corporations, but the end results are the same for everyone else.

Cameron