lol. no i honestly don't want to work and live in america. i just like travelling there, and if i got that camp job i did an interview yesterday, then ill be doing road trips and camping down there.
Income Inequality
- Thread starter moreluck
- Start date
newfie
Well-Known Member
I understand you don't understand economics other then looking for your next government paycheck but you generally have to have an overheating real estate market before you can begin to forecast another housing bubble.
BrownArmy
Well-Known Member
I thought he had a job?
you have an overheating real estate market.
1989
Well-Known Member
The fed is inflating markets, and has created the greatest trickle down of all time. The Feds actions was supposed to be a temporary fix.
moreluck
golden ticket member
just stay in the woods!
moreluck
golden ticket member
$800,000 for a 2 bdr 3 bath house.......out of line!!!!
1989
Well-Known Member
Not a good value
brownbrown15
Active Member
Where i live that will get you a huge house on 5 acres.. just mind blowing.
newfie
Well-Known Member
sigh , we have a long way to go before sales equal those during the bush years
United States New Home Sales | 1963-2016 | Data | Chart | Calendar
for more check out jesse colombo, michael hudson, steve keen, richard d wolff all of which predicted the last housing bubble
yea i was in a position to buy when i was 21 / 22 but i came to my senses and told my pops "if im going to be paying ferrari prices for a house i want a ferrari not a toyota yaris.
absolutely.
newfie
Well-Known Member
why? If you have an argument that is different from mine then post the graph and make your case. Everyone and their mother claims they were able to predict this housing bubble as if they had some inner wisdom or insight when any smuck with a third grade finance education knows the market works in cycles.
it sure does. but by that rationale everyone would have been able to say there was a housing bubble, but alot of people didnt.
o and peter schiff said there was a bubble as well and hes probably saying the same thing now.
when i come across an article ill post it here. i know richard wolff and thom hartmann just did an interview partly on it.
newfie
Well-Known Member
[
if everyone did there would be no bubble and everyone would be a millionaire. But its certainly easy to look at a peaking market and predict that it will go down at some point.
if everyone did there would be no bubble and everyone would be a millionaire. But its certainly easy to look at a peaking market and predict that it will go down at some point.
im reading david cay johnstons book on taxes in america. he says the way they calculate inequality isnt accurate and its actually much worse than the number they give. he wrote this in 2003 that the top 15% basically own everything. so its worse now. he calls the US tax system basically a flat tax. as ive quoted from him before, he says teh most stunning thing he learned is the tax system basically funnels money from everyone to the top 0.1% or whatever.
Jkloc420
Do you need an air compressor or tire gauge
basically the top people get to write everything off because they have more loses and more businesses venture. anyone on this board would do the same. the poor pay no taxes because they don't make enough. there is no filter to the top for the one percent. the filter is the people on both sides dems and republicans who write the tax codes that they use.
Similar threads
- Poll
