American Politics 4.0 - Orangeyou Glad He’s Back?

[Johnny199r]

Originally Posted by Geraldsh

Longer mortgages should mean smaller monthly payments and that’s all some people care about. If you stretch out your house payment and your car payment you might have enough left for a boat payment.

Many Canadians and Americans no longer care about the price of an item to decide if they can afford it or not. They just want to know the monthly payment. If they can somehow squeeze it, they’ll do it. It’s not just a few people anymore, it’s a lot.

[Bill Bumface]

Exactly, in a competitive housing market longer mortgages means prices go up because people make decisions on monthly budgets, not purchase prices. We should know this well, that's exactly what happened when they screwed us with 40 mortgages to "fix housing affordability".

[Sidney Crosby's Hat]

Eventually, the housing market will crash (maybe not in mega markets like NYC, Toronto or Vancouver). But in most of Canada and the U.S. when the boomers are mostly gone and there's nobody to buy their properties, it'll come down substantially.

[Drak]

Speaking of real estate…

[puffnstuff]

He is so dumb, in Chicago its the Magnificient Mile, not miracle.

[Slava]

Originally Posted by Johnny199r

Many Canadians and Americans no longer care about the price of an item to decide if they can afford it or not. They just want to know the monthly payment. If they can somehow squeeze it, they’ll do it. It’s not just a few people anymore, it’s a lot.

Originally Posted by Bill Bumface

Exactly, in a competitive housing market longer mortgages means prices go up because people make decisions on monthly budgets, not purchase prices. We should know this well, that's exactly what happened when they screwed us with 40 mortgages to "fix housing affordability".

Yeah and it’s not entirely irrational. If you can afford the house with the current 30 year mortgage, but you can afford double the house with the 50 year, what do you think people are going to do? Same with the 15 year car loan (save for the fact that the real estate couple actually hold its value or appreciate).

This is the worst for people, and as I said yesterday is a pure catastrophe. Financial literacy is appalling on a population wide level, and all they’re going to see from mortgage brokers is that they can finance this over the longer term and bring down the payments on that house they’ve always wanted.

[WideReceiver]

Originally Posted by puffnstuff

He is so dumb, in Chicago its the Magnificient Mile, not miracle.

It’d be a miracle if lard ass could walk a mile.

[edslunch]

Originally Posted by troutman

https://www.forbes.com/sites/zachary...ers-could-pay/

Do any of these analyses consider inflation? $2000 a month will be more affordable over time and the principal will be much easier to pay off. It still doesn’t seem worth it to save a couple hundred bucks a month but it’s not twice as bad.

[nfotiu]

Originally Posted by Slava

Yeah and it’s not entirely irrational. If you can afford the house with the current 30 year mortgage, but you can afford double the house with the 50 year, what do you think people are going to do? Same with the 15 year car loan (save for the fact that the real estate couple actually hold its value or appreciate).

This is the worst for people, and as I said yesterday is a pure catastrophe. Financial literacy is appalling on a population wide level, and all they’re going to see from mortgage brokers is that they can finance this over the longer term and bring down the payments on that house they’ve always wanted.

It's not going to double the value of the house people can afford. At current interest rates, a 50 year mortgage is pretty much irrelevant. 15 year mortgage rates have traditionally been about a half point spread from 30 year, so you'd expect the same for a 50 year vs 30 year.

If you assume 50 years at 6.5% and 30 year at 6%, a $3000 monthly payment will get you a 500,000 mortgage at 30 years, and 525,000 at 50.

It gets a little more interesting if rates dropped back to 3%. Then a $2100 payment would get you a 500,000 mortgage at 3%/30 years and 600,000 at 3.5%/50 years.

There are a lot of factors in determining what the better option is in the latter examples. If house prices continue to go up 7-8% per year, like they have the last decade, then the person who chose the 600,000 mortgage is going to be considerably more wealthy in 5-10 years. They need to understand that it is a risky play though.

At the current rates of 6.5%, the investment is not very sound no matter which option you choose and probably a wash to spending the same amount on rent.

Strangely enough, houses have appreciated at a very high level the last 4-5 years, even with 6% mortgages. I don't know that adding a 50 year option is going to move the needle on house prices, when doubling the interest rates and payments didn't slow anything down. I

[troutman]

Originally Posted by puffnstuff

He is so dumb, in Chicago its the Magnificient Mile, not miracle.

Also, the vast majority of murders in Chicago are not committed near the Mile.

https://abc7chicago.com/feature/chic...cker/12385906/

[Johnny199r]

Originally Posted by Sidney Crosby's Hat

Eventually, the housing market will crash (maybe not in mega markets like NYC, Toronto or Vancouver). But in most of Canada and the U.S. when the boomers are mostly gone and there's nobody to buy their properties, it'll come down substantially.

There are still bidding wars for decent houses in any city in Canada. I don’t think this changes when the boomers start to die out. It just seems like there aren’t enough houses for everyone who wants one, post Covid.

[puffnstuff]

This is from his Nazi Barbie mouth piece...

President Donald J. Trump’s bold economic agenda is delivering real results for American families — with new data from DoorDash’s State of Local Commerce report confirming that inflation has been tamed, everyday prices are beginning to drop, and wages are growing.
From breakfast tables to store shelves, President Trump’s agenda is lowering costs when families need it the most — fueling an economic comeback that is only just beginning as President Trump works to Make America Affordable Again.

Yes, it is claiming that data it got from DoorDash means everything is peachy. DoorDash!
This is the dumbest timeline

[Erick Estrada]

Are the MAGA people really that dumb? Yeah they probably are.

[Senator Clay Davis]

But what does UberEats economic analysis show?

[mile]

https://abcnews.go.com/Politics/hous...y?id=127435983

Sex offender Jeffrey Epstein referred to Donald Trump as the "dog that hasn't barked" and told his former companion Ghislaine Maxwell that an alleged victim had "spent hours at my house" with Trump, according to email correspondence released Wednesday by Democrats on the House Committee on Oversight and Government Reform.

"I want you to realize that that dog that hasn't barked is trump," Epstein wrote in a typo-riddled message to Maxwell in April 2011. "[Victim] spent hours at my house with him ,, he has never once been mentioned."

"I have been thinking about that ... " Maxwell replied.

That email exchange -- which came just weeks after a British newspaper published a series of stories about Epstein, Maxwell and their powerful associates -- was one of three released by the Democrats from a batch of more than 23,000 documents the committee recently received from the Epstein Estate in response to a subpoena.

The third message -- exchanged between Epstein and Wolff while Trump was well into his first presidential term in January 2019 -- appears to touch on the topic of whether Trump had banned Epstein from membership at Mar-a-Lago years earlier.

"Trump said he asked me to resign, never a member ever," Epstein wrote, "Of course he knew about the girls as he asked ghislaine to stop"

The third message -- exchanged between Epstein and Wolff while Trump was well into his first presidential term in January 2019 -- appears to touch on the topic of whether Trump had banned Epstein from membership at Mar-a-Lago years earlier.

The publication of the emails comes on the same day that House Speaker Mike Johnson, R-La., is scheduled to swear in Representative-elect Adelita Grijalva, an Arizona Democrat who won a special election last month.

Once sworn in, Grijalva is expected to provide the final signature on a discharge petition to force a vote on a House bill that would compel the Department of Justice to release the government's full investigative files on Epstein.

The earliest that vote could happen is the first week of December, after the Thanksgiving recess.

[Fuzz]

Will it matter? This time for sure?

[Hemi-Cuda]

There could be a video of Trump raping an underage girl and it wouldn't matter, he is completely untouchable

[direwolf]

Originally Posted by puffnstuff

This is from his Nazi Barbie mouth piece...

President Donald J. Trump’s bold economic agenda is delivering real results for American families — with new data from DoorDash’s State of Local Commerce report confirming that inflation has been tamed, everyday prices are beginning to drop, and wages are growing.
From breakfast tables to store shelves, President Trump’s agenda is lowering costs when families need it the most — fueling an economic comeback that is only just beginning as President Trump works to Make America Affordable Again.

Yes, it is claiming that data it got from DoorDash means everything is peachy. DoorDash!
This is the dumbest timeline

Meanwhile, here are the real facts.


https://www.cbc.ca/news/world/trump-...tion-9.6975017

With Trump now nearly 10 months back in the White House, prices for many household items are still rising, and U.S. voters are telling pollsters that they're feeling the economic pinch.

The latest consumer price index figures (for September) put the price of groceries 2.7 per cent higher than in the same month of 2024, and up 1.4 per cent from January, when Trump was sworn in.


Those same statistics show prices up year over year in nearly every category of household purchases: housing up 3.6 per cent, medical care up 3.9 per cent, car insurance up 3.1 per cent and electricity up 5.1 per cent.

Polls and last week's election results indicate that voters aren't seeing things Trump's way:

• The University of Michigan's Consumer Sentiment Index, a closely watched measure of Americans' perspective on their financial well-being, dropped this month to within a fraction of its lowest level in the survey's nearly 50-year history.

• A poll by Ipsos for the Washington Post and ABC News in late October found seven in 10 Americans saying their grocery costs have risen over the past year, six in 10 saying their utility bills are up, and roughly four in 10 saying they're paying more for health care, housing and fuel.

• The Democrat winners in the elections for governor in Virginia and New Jersey and for mayor in New York City all put affordability promises at the forefront of their campaigns. Exit polling indicated voters ranked the economy and cost of living concerns as the top issues in all three races.

[Drak]

I think the Epstein stuff does matter. It might not matter to MAGA cultists and it likely won’t get Trump kicked out of office, but it matters to the rest of us and it matters to history.

[wireframe]

Epstein stuff on its own wouldn't be enough to bring Trump down because the cult lives in their own made-up universe. Weird as it sounds, I think grocery prices might be the start of Trump's downfall. This is the first thing that he can't lie about because people have to live in the real world with their bank statements. Politics is more about vibes than policy so all of MAGA could crumble once the shine wears off any one place.