Who wants to do all that? We should build a wall because we are a sovereign nation that has the right to say who enters and how they enter. We should build a wall because we are deeply in debt and millions are wanting to take advantage of programs we can barely afford. We should build a wall because there are people who want to come in with the intent of hurting people, whether common criminal or terrorist.
I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
- Start date
do you believe in free markets?
cut war spending.
fascism is in the cards, which is why i bring it up. very likely america goes far right wing.
What does that have to do with what I posted?
do you know what a free market is?
Existential Comics @existentialcoms 9h9 hours ago
The ownership class used to exploit the fact that people had nothing and needed to work to live. Now they've figured out a way to actually start everyone with negative money so they are even more desperate – make college mandatory, but you have to go in debt to pay for it.
The ownership class used to exploit the fact that people had nothing and needed to work to live. Now they've figured out a way to actually start everyone with negative money so they are even more desperate – make college mandatory, but you have to go in debt to pay for it.
David Stockman Retweeted
Wolf Richter @wolfofwolfst 5h5 hours ago
The Most Splendid Housing Bubbles in America Deflate: Seattle house prices drop 4.4% in four months, biggest drop since Housing Bust 1; Prices deflate in San Francisco Bay Area, San Diego, Denver, and Portland https://wolfstreet.com/2018/12/26/most-splendid-housing-bubbles-in-america-decline-seattle-san-francisco-bay-area-san-diego-denver-portland/ …
Wolf Richter @wolfofwolfst 5h5 hours agoThe Most Splendid Housing Bubbles in America Deflate: Seattle house prices drop 4.4% in four months, biggest drop since Housing Bust 1; Prices deflate in San Francisco Bay Area, San Diego, Denver, and Portland https://wolfstreet.com/2018/12/26/most-splendid-housing-bubbles-in-america-decline-seattle-san-francisco-bay-area-san-diego-denver-portland/ …
Explain it to me.
1989
Well-Known Member
You are 6 months behind the trend. And are missing the fundamentals. The early 70s and late 80s were probably the two hardest hit downturns in Seattle housing.David Stockman Retweeted
The Most Splendid Housing Bubbles in America Deflate: Seattle house prices drop 4.4% in four months, biggest drop since Housing Bust 1; Prices deflate in San Francisco Bay Area, San Diego, Denver, and Portland https://wolfstreet.com/2018/12/26/most-splendid-housing-bubbles-in-america-decline-seattle-san-francisco-bay-area-san-diego-denver-portland/ …
Seasonally adjusted date is also a much better indicator of trends. But that data wouldn't show your “sky is falling” narrative, would it?
1989
Well-Known Member
I have never seen one in my lifetime anywhere in this world.
1989
Well-Known Member
Sounds like new construction. Nobody ever lost buying at the top of a housing bubble. Only by selling.
dude people arent going to be able to pay when interest rates go up.
that wasnt the question
1989
Well-Known Member
People still bought houses @ 16-18% interest
which year was this?
1989
Well-Known Member
You were lucky to get a mortgage under 10% in the 1980s. I remember bank CD rates of 7.5% in 1988.
oldngray
nowhere special
I got my first mortgage in 1986 when the rates dropped to 9.5%. They had been 2 or 3 points higher.
But I had some money in CD's that made a ton of money.
ok but what year was 18%?
my point is back then the economy was radically different than now.
without even looking it up people are far more indebted now (not just mortgage debts) than they were back then.
weve created a system of debt peonage.
About '78-'79 I believe.
1989
Well-Known Member
Late 70s, Early 80s
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