Not Again... Americans who can't afford their mortgage up 145%

[srh88]

What are you doing to protect your finances from the next Great Crash?

I mostly keep cash. I just keep enough in the bank to pay business expenses.. bills. I'll be fine. Also my work isn't something people generally want unless it's new stuff. Most of my work is a necessity. Unless everyone turns into cave people I won't have a problem

 

[rkymtnman]

there are a few sayings that have stood the test of time:

cash is king

buy low, sell high

don't throw good money after bad

etc.

 

[Fogdog]

Poor decisions lead to poor outcomes.

A poor outcome does not determine your entire life if you make better decisions.

It takes a while to dig yourself out of a hole. Can take a couple years before you break even depending on how poor your decisions were but it is doable.

Just takes willpower and readjustment of priorities.

Say what you just said to a 90 year old. How well does it resonate with them?

So, your situation is typical? Hubby is healthy and you haven't had your stroke due to obesity yet. You know, you should lose some weight. It's foolish to be obese. Where is your willpower? It's foolish to be fat and you should not be adding to my cost of medical coverage because of your poor choices.

But I digress. You are what? 32 or thereabouts? Are you lecturing the 55 and older crowd, telling them that they can dig themselves out of their poverty? Disabled, kids -- 40% living in poverty -- elderly, all can benefit from the example of a couple of 30 somethings? Median personal income is about 35,000 in the US. How do they to provide food, shelter, clothing, utilities, save for kids college, save for retirement and pay the median family cost of medical insurance, which runs about $15k per year?

Don't try to deflect into a discussion on health care coverage. That's covered elsewhere. I stated the very real cost of coverage today that companies pay for their employees and their families. It's reality. I agree that it should be lower but it's not.

 

[Fogdog]

She has posts on here saying she is on food stamps. Don't let her lie to ya

recent posts? last time she lied to us, she said they were out of that program. Immediately thereafter, she agitated for cuts in those programs, or said better, advocated for a government that would cut those programs.

 

[Fogdog]

And you wonder why I'm such a Sandernista?

If I thought either of the major parties would address this, I'd vote for them. Since it's shockingly clear they do not, I'm putting my support behind the only politician I think is anywhere near the solution.

Why do you vote for the party that brings us people like Joe Manchin, is the better question.

Dude, really? you want to start this?

I don't wonder why you are a Sandernista. I don't wonder much about you. Believe me.

Peter DeFazio. He's the guy I'd vote for if the election were to be held today. We don't have any Senatorial contests in 2018 but I'm pretty happy with Wyden and Merkley. I don't have any votes in West Virginia.

"I'm putting my support behind the only politician I think is anywhere near the solution." WTF are you talking about? Is Sanders running for an office in Colorado now? Has Sanders endorsed a candidate in your state?

 

[srh88]

recent posts? last time she lied to us, she said they were out of that program. Immediately thereafter, she agitated for cuts in those programs, or said better, advocated for a government that would cut those programs.

nah from before.. just funny how she used it as a crutch and now she advocates for cutting it

 

[Fogdog]

nah from before.. just funny how she used it as a crutch and now she advocates for cutting it

Same old bs. Christian terrorists are the worst.

 

[Fogdog]

I think the words used to describe you were pathetic and cowardly. Also jew hater. @ttystikk should follow you more closely. You are his future.

 

[ttystikk]

This short article from NPR illustrates several trends reinforcing our increasingly divided and classist society;

http://www.npr.org/2017/05/31/530843665/top-20-percent-of-americans-hoard-the-american-dream

Not surprisingly, the author is from outside the United States, which likely made things more visible to him than to the rest of us who have lived here all our lives and thus don't question 'the way things are'.

 

[Fogdog]

Fuck the banks. Car manufacturers also. Should have let them all fail.

in principle yes. In reality, letting banks, GM and AIG go down the chutes at that time "for our own good" would have been like using gasoline to put out a fire. Hoover tried the same tactic in 1929-1930. The time to prune the tree is when it's doing OK. Now is the time to put regulations in place to prevent the same kind of meltdown but that's not going to happen for a while.

 

[ttystikk]

I think the words used to describe you were pathetic and cowardly. Also jew hater. @ttystikk should follow you more closely. You are his future.

If that's all you got from what I said, I truly pity you.

 

[ttystikk]

in principle yes. In reality, letting banks, GM and AIG go down the chutes at that time "for our own good" would have been like using gasoline to put out a fire. Hoover tried the same tactic in 1929-1930. The time to prune the tree is when it's doing OK. Now is the time to put regulations in place to prevent the same kind of meltdown but that's not going to happen for a while.

Nobody wants to change the system when times are good.

That's why I'm convinced we're doomed to another crash and depression, because only then will there be the widespread will and demand for change.

 

[jonsnow399]

Excellent discussion, everyone!

Most appreciated!

It's amazing what we can do without the usual cacaphony of insults.

You are only saying that because you are a racist, Islamophobic, anti-Semitic, homophobic, misogynist.

 

[ttystikk]

buy low, sell high. buy what though?
there has to be some good info about who profited and how they profited in '29. times haven't changed much since then.

Short sellers profit from exactly the opposite, and there might be more of these opportunities going forward.

 

[Fogdog]

Who's defending the system that brought us Trump? Show me a post where I said our current system is great because Trump? Never happened. But then again things that never happened are up your alley, not mine.

So, how about that Trump video you posted? What's notable about Ashkenazi jews "surrounding" him. Also, what does that have to do with Illuminati and Satan as was mentioned earlier in the video.

Why are you afraid to clarify your own post? Is it that you prefer to simply look like a fool rather than remove all doubt?

 

[ttystikk]

You are only saying that because you are a racist, Islamophobic, anti-Semitic, homophobic, misogynist.

LMFAO

Ignore the tears...

 

[budman111]

What's notable about Ashkenazi jews "surrounding" him.

I do not know, you are the one that 'noted' it so why don't you enlighten us on your findings?

 

[MMJ Dreaming 99]

Say what you just said to a 90 year old. How well does it resonate with them?

So, your situation is typical? Hubby is healthy and you haven't had your stroke due to obesity yet. You know, you should lose some weight. It's foolish to be obese. Where is your willpower? It's foolish to be fat and you should not be adding to my cost of medical coverage because of your poor choices.

But I digress. You are what? 32 or thereabouts? Are you lecturing the 55 and older crowd, telling them that they can dig themselves out of their poverty? Disabled, kids -- 40% living in poverty -- elderly, all can benefit from the example of a couple of 30 somethings? Median personal income is about 35,000 in the US. How do they to provide food, shelter, clothing, utilities, save for kids college, save for retirement and pay the median family cost of medical insurance, which runs about $15k per year?

Don't try to deflect into a discussion on health care coverage. That's covered elsewhere. I stated the very real cost of coverage today that companies pay for their employees and their families. It's reality. I agree that it should be lower but it's not.

It was lower before ObamaCare. Younger people in some cases are smarter then older idiots who are brainwashed by TV, especially retards beliving TV news. Old f**ks who believe that everything on TV is true like someone's uncle.

Gen Z kids (younger than millenials) are more libertarian and know all politicians are liars. The smarter ones know Zuckerberg is a piece of shit too with facebook.

 

[Fogdog]

If that's all you got from what I said, I truly pity you.

Just saying, he's the end result of overconsumption of propaganda.

Also saying you started this. I'm not afraid to continue it.

If you want to focus on problems and solutions, I'm all for it. If you want to play tit for tat, I'll go there too.

What fake news and yuuuge corruption scandal do we see today in the news? Oh, Bernie is listed. I'm sure you would just say it's nothing, don't go there. ummmhummmm?

And now, for some economic talk because you said I had to include economic in my posts on your (very possessive aren't you?) thread.

Debt overhang is the condition of an organization (for example, a business, government, or family) that has existing debt so great that it cannot easily borrow more money, even when that new borrowing is actually a good investment that would more than pay for itself.

 

[Fogdog]

It was lower before ObamaCare. Younger people in some cases are smarter then older idiots who are brainwashed by TV, especially retards beliving TV news. Old f**ks who believe that everything on TV is true like someone's uncle.

Gen Z kids (younger than millenials) are more libertarian and know all politicians are liars. The smarter ones know Zuckerberg is a piece of shit too with facebook.

I wasn't talking about what might be. Just what is. As long as we are having such a nice time together, can you answer the question I posed flaming pie? Assuming you also say everybody "should" pay for their own everything, then:

Median personal income is about $35,000 in the US. How is it possible for the average wage earner to provide food, shelter, clothing, utilities, save for kids college, save for retirement and pay the median family cost of medical insurance, which runs about $15k per year?