horribilisfan8184 said:SoldierGriz said:Do you think every 27 year old is entitled to do so?
In the lead up to housing crash in the mid 80's mortgage interest rates were still buoyed by the Carter era high interest rate levels at or above 10%, depending on credit. Mine was north of 7% on a 30 year term, not the 2.125% you can find today. My salary out of college was 17,000/yr. I 'spose doubling that in 2 years by working my ass off isn't impressive to the entitlement crowd CDA is defending and wooing, but I can live with that.
indian-outlaw said:How come when a trillion dollars of tax payer money was paid to bankers and wall street multinational corporations or when 50 billion gets printed and spent on quantitative easing nobody ever says it's a disensentive for them to produce? But when a few hundred bucks gets paid to working people to keep them out of poverty everyone screams about what lazy bastards people are for not toiling away for slave wages at taco bell?AZGrizFan said:have you been living in a cave for the past 18 months? EVERYONE is experiencing staff shortages because people have been being paid not to work by our benevolent government. 8 million unemployed....10.9 million job openings.
CDAGRIZ said:AZGrizFan said:Nope. Not the world we live in. But we also don’t live in the world of 8-15% mortgage rates like in the 70’s and 80’s and 90’s either.
Agreed. And we definitely aren’t living in a world where a lot of people gross 2/3 of their home’s purchase price, as you’ve noted in your example. We will always have Scobey.
SoldierGriz said:CDAGRIZ said:So, just $300k/year income, and every 27yo can do just what horriblis did.
Do you think every 27 year old is entitled to do so?
AZGrizFan said:CDAGRIZ said:Agreed. And we definitely aren’t living in a world where a lot of people gross 2/3 of their home’s purchase price, as you’ve noted in your example. We will always have Scobey.
Depends on how much home they’re trying to buy, I guess….There’s lots of families grossing $250,000-$300,000 combined….lots and lots. But they’re not buying $450,000 homes, they’re buying $1,000,000 homes. Which they CAN, because of the interest rate market.
horribilisfan8184 said:CDAGRIZ said:I mean, that's kind of the point here, is it not? You bought a home (not sure where) when your gross was 2/3 the price of the home. Practically no 27yo can do that now. It might be possible in Scobey. But, hey, good on you. That's really impressive.
So waiting to buy something until it won't consume the max allowed by borrowing guidelines isn't impressive? Good on you too. You're right, I should have taken on the crushing debt of the $120K home for the status it would bring.
SoldierGriz said:horribilisfan8184 said:In the lead up to housing crash in the mid 80's mortgage interest rates were still buoyed by the Carter era high interest rate levels at or above 10%, depending on credit. Mine was north of 7% on a 30 year term, not the 2.125% you can find today. My salary out of college was 17,000/yr. I 'spose doubling that in 2 years by working my ass off isn't impressive to the entitlement crowd CDA is defending and wooing, but I can live with that.
It's impressive to me; well done.
SoldierGriz said:Ursa Major said:Awesome. It sounds like a worker’s paradise, comrade. The problem is that we don’t need a 28 million man/woman standing army.
It’s amazing how well workers thrive when they have medical care and basic needs met. If only we could learn something from this example and apply it to the broader society.
Our military is but one example of the opportunities out there...there are many more.
You are an equality of outcome guy, correct?
CDAGRIZ said:horribilisfan8184 said:So waiting to buy something until it won't consume the max allowed by borrowing guidelines isn't impressive? Good on you too. You're right, I should have taken on the crushing debt of the $120K home for the status it would bring.
I think you’re reading a bit too much into my post. I honestly do think it’s impressive, as very few 27yos have such an option today.
horribilisfan8184 said:CDAGRIZ said:I think you’re reading a bit too much into my post. I honestly do think it’s impressive, as very few 27yos have such an option today.
Well I know a couple who each graduated UM in the last 7 years, that own a house in Missoula and a condo at Big Sky, cars, boat, side-by-side and other toys ( purchased used, not new). Formula: hard workers and a couple of the tightest screws you 'll ever find. No help from mom and dad. Several jobs in college plus scholarships they earned from hard work in high school. The American dream is still there, even in Montana, no matter what the dependency pushing pundits say.
Ursa Major said:SoldierGriz said:Our military is but one example of the opportunities out there...there are many more.
You are an equality of outcome guy, correct?
Nope—I’m a capitalist, but a responsible one. I believe we are all better off and more secure with a thriving middle class.
If an American works 40 hours a week they should not live in poverty.
You and I have lived thru the greatest redistribution of wealth in the history of the world. Since the 1970’s middle class wages have remained flat.
The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%. This goes directly to CDA’s point about the affordability of housing.
I know right-wing media likes to spread fear by talking about the impending left-wing wealth distribution. It’s already taken place over the past 50 years and it’s the top 1% that have greatly benefited.
That’s not a theory or a talking point. It’s fact.
https://time.com/5888024/50-trillion-income-inequality-america/
AZGrizFan said:Ursa Major said:Nope—I’m a capitalist, but a responsible one. I believe we are all better off and more secure with a thriving middle class.
If an American works 40 hours a week they should not live in poverty.
You and I have lived thru the greatest redistribution of wealth in the history of the world. Since the 1970’s middle class wages have remained flat.
The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%. This goes directly to CDA’s point about the affordability of housing.
I know right-wing media likes to spread fear by talking about the impending left-wing wealth distribution. It’s already taken place over the past 50 years and it’s the top 1% that have greatly benefited.
That’s not a theory or a talking point. It’s fact.
https://time.com/5888024/50-trillion-income-inequality-america/
As a card carrying member of the 1%, I take umbrage with this post. :evil: :evil:
I guess I can just thank god I was born white, eh Ursa?
AllWeatherFan said:“Horrible Us” paints with a very broad brush. You’re either a hard worker or a slacker. A capitalist or a communist. Black or white. Up or down. There is no gray area. If only reality were that simple. :lol: :lol: :lol:
horribilisfan8184 said:MikeyGriz said:Bet there's not a lot of unemployment in Scobey
You'd lose. Businesses are desperate for workers all over this state, including the small towns. Lots of CARE and AARP and stimulus money projects out there but it's hell to find workers for the contractors hired.
Griz2k said:In other news, there's still a football game this weekend. Only some concession stands will be open and no outside food will be allowed in per Kent Haslam. Eat or drink before you go in...... and Go Griz!
Ursa Major said:SoldierGriz said:Our military is but one example of the opportunities out there...there are many more.
You are an equality of outcome guy, correct?
Nope—I’m a capitalist, but a responsible one. I believe we are all better off and more secure with a thriving middle class.
If an American works 40 hours a week they should not live in poverty.
You and I have lived thru the greatest redistribution of wealth in the history of the world. Since the 1970’s middle class wages have remained flat.
The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%. This goes directly to CDA’s point about the affordability of housing.
I know right-wing media likes to spread fear by talking about the impending left-wing wealth distribution. It’s already taken place over the past 50 years and it’s the top 1% that have greatly benefited.
That’s not a theory or a talking point. It’s fact.
https://time.com/5888024/50-trillion-income-inequality-america/