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.

[Eagler]

Pulling college loans into the government was a brilliant move by Mr. O...

It permitted colleges to raise costs and lower entrance requirements..

The promise by potato head to pay the loans for their vote was the plan all along..

At one time the government was were you worked when no one else would hire you...not so much anymore as it seems to be the majority employer in the phony job numbers reports these days...you know the one adjusted by the 100,000's at a time lol.. 

I think we might be witnessing a collapse in my lifetime - less than 20 years is my guess...I hope I am wrong..

Eagler

[AKIron]

Freshly remodeled. Decent starter for a young couple/family. Beats paying rent.

Or a retiree. The recent property tax changes exempts $200K for those over 65. So no property tax on this one.

https://www.zillow.com/homedetails/905-N-Music-St-Sherman-TX-75090/193036465_zpid/

[CptTrips]

Government spending, borrowing, and printing is by far the most massive influence on inflation.

Are tariffs inflationary?

[CptTrips]

Keep beating on the over regulated farmers,

Should farmers be paid to NOT plant crops?

[AKIron]

When goods are produced cheaply through forced labor by one country and sold to another country cheaper than they can themselves produce those goods then tariffs will necessarily raise the price on those goods. Increasing prices is inflation but it remains to be seen whether it is a one time increase or will continue to increase. The purpose of course for these tariffs is to level the playing field giving our own production a chance to compete for our dollars. 

[CptTrips]

When goods are produced cheaply through forced labor by one country and sold to another country cheaper than they can themselves produce those goods then tariffs will necessarily raise the price on those goods. Increasing prices is inflation but it remains to be seen whether it is a one time increase or will continue to increase. The purpose of course for these tariffs is to level the playing field giving our own production a chance to compete for our dollars.

So tariffs are inflationary.

[AKIron]

You know what's more inflationary and guaranteed to grow perpetually? 40 million people totally dependent on the government for their subsistence. How can that not lead to everyone eventually being the same? At least then everyone will be forced to pretend to work. While they pretend to pay us.

[CptTrips]

What you are describing at selling below production costs is called dumping and there are WTO processes to go through.

Are you accusing Canada of dumping?

What if production costs are just less in another country.  What if they are NOT selling below production costs.  What if their production costs are just lower because they have more of the material or their workers don't feel the need to live in McMansions and have 4 iPhones?


Should tariffs be imposed simply because they are the more efficient location of production?  Is that what the Capitalistic system supposed to be seeking out?

Are tariffs just a big government interference with the free market seeking the most efficient state?

[CptTrips]

You know what's more inflationary and guaranteed to grow perpetually? 40 million people totally dependent on the government for their subsistence. How can that not lead to everyone eventually being the same? At least then everyone will be forced to pretend to work. While they pretend to pay us.

OK. 

But tariffs are inflationary, right?

[Spikes]

You know what's more inflationary and guaranteed to grow perpetually? 40 million people totally dependent on the government for their subsistence. How can that not lead to everyone eventually being the same? At least then everyone will be forced to pretend to work. While they pretend to pay us.

Whataboutism.

[AKIron]

OK. 

But tariffs are inflationary, right?

I never said they weren't. Seems to me they should necessarily increase the price of an imported product to the end user. Unless the country enslaving its people is willing to absorb the cost of tariffs to achieve their long term goal.

[AKIron]

Whataboutism.

This particular whatabout, growing dependence on the government, is by far the biggest threat to our nation's survival as we know it.