A 50 year mortgage..

[Captain Virgil Hilts]

I don't know where you live but $200K will get you a decent starter in Texas.

I can tell you it absolutely will not here in Tennessee. It won't buy you a decent project to flip. I bought this house 7 years ago for $225,000. It's currently valued at well over $380,000, I could get real close to $400,000, more if I invested a little. Which is actually the plan. I'm loading up my 401k, and getting positioned to drop $75,000 on this house, and probably sell for $475,000+, maybe $500,000 depending on timing. Then move the Hell out.

My kid got married 2 years ago, I hate it for him and his wife, decent jobs and can't hope to get into a decent house, it'll cost them $350,000 for anything but a flipper, and about 4.5%. Kid is going to end up waiting 2-3 more years, and maybe STILL have to go a 30 year mortgage at best. He'll be 2 years before retiring paying off his house. That kills retirement investing.

[Captain Virgil Hilts]

Not all inflation is caused from Fiscal sources.

🏭 1. Demand-Pull Inflation
⚙️ 2. Cost-Push Inflation
💵 3. Monetary Inflation
🌍 4. Structural and Supply-Side Factors
📊 6. Government Fiscal Policy

And no, the rest of that doesn't just fall out of Fiscal Spending.  That's a chunk, but not the only chunk.

Gov spending didn't make the price of eggs go high, Avian flu did.

Government spending, borrowing, and printing is by far the most massive influence on inflation. Government taxation and regulation drives wage and wealth growth for the working class into the ground.

And actually, idiots in government killing hundreds of thousands of chickens over perceived avian flu risk drove up the price of eggs. More government stupidity. Just like the government stopping drilling operations, killing pipelines, and stopping refineries drives fuel costs, which drives everything. More government interference and stupidity.

[Captain Virgil Hilts]

I got a question, why is it failed businessmen can discharge all their debts in bankruptcy (some businessmen do this MULTIPLE TIMES), but a youngster who got laid off with 100k student loan can't?

Would that be an example of Crony-Capitalism?

Why does the petroleum industry get tens of billions in tax credits every year for exploration?  Can't they pull themselves up by their bootstraps?  Can't they fund exploration out of their own retained earnings?  Does Petroleum industry not make enough profit, poor things?

Would that be an example of Crony-Capitalism?

Why can millionaire farmers (count their land value) get paid by the government to NOT plant crops?

Because the vast majority of student loans are government guaranteed. There's that stupid government interference in the market again. Driving up education costs, by making too much worthless money available for too much worthless "education".

Why don't student loan applications require the borrower to declare a major, so the lender can judge whether the borrower will have a career capable of paying off the loan?

Why can't the government just stop taxing oil companies and corporations in general? End consumers pay every single dime of revenue from taxes levied on corporations. Honestly, if you want to really deal with government, make all the taxes consumption based. Taxes are hidden in everything we buy. Every dollar you earn is taxes 3-5 times, but only one is seen. If people actually saw the REAL cost of all the taxes levied for the purpose of "taking care of them", the politicians would be hiding in caves the rest of their lives.


Keep beating on the over regulated farmers, and communist China will own all your food production. Agriculture is another cesspool of government interference.