Your paycheck is now worth 3.1 percent less than last year

#129
#129
SpaceCoastVol said:
I'm gonna play devil's advocate here for a moment. Can you tell me why taking out a loan to buy a house makes sense? Not being confrontational, I am just wanting to look at a different perspective for a moment.
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If you dont have the money to buy a house your choices are to rent until you do or start building equity now. Basically, you're realizing benefits in the present that you'd otherwise have to wait years for by capitalizing their cost. Your using your capital more efficiently in other words. I think this true at the national level as well if you think about the tax money being used for infrastructure or the military.
 
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#130
#130
Reminds me of when I was a kid growing up the hyperinflation coming through the Carter years. My dad was trying to get me to save my summer job paychecks in the bank. I pointed out (pretty shrewdly for a teen I thought) that interest rates were less than inflation so if I wasn’t immediately spending everything I was actually losing money 😂😂😂
 
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#133
#133
hog88 said:
Most of that is not Joe's fault. What is Joe's fault is he's not taking action to help ease the problems in the supply lines, he's making it worse.
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This message has been flagged for spreading disinformation. You will be allowed to view but not reply or forward 😂😂😂😂
 
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#136
#136
hog88 said:
Rent payments get you nothing and we all have to have a place to live.
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This is what I was looking at years ago. If I'm going to pay to live somewhere it might as well go towards something I'll own, pay off, then not have to pay on anymore outside of property taxes/maintenance. If I sell, I get my money back if not more depending on the housing market. My house payments were only slightly more than apartment rent.

Saved up some money, paid about 30% down, and paid off the house 8 years after I bought it.
 
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#138
#138
hog88 said:
We've gone far beyond reasonable debt, it's just funny money right now.

How is undermining SS a win for conservatives?
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It seems like you're trying have it both ways by simultaneously being for and against large government programs. Not that I really know. ..
 
#139
#139
jvol1 said:
It seems like you're trying have it both ways by simultaneously being for and against large government programs. Not that I really know. ..
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I'm for reduced spending in all .gov programs and eliminating most of them.
 
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#141
#141
BreatheUT said:
Consumer prices jump 5% in May, fastest pace since the summer of 2008

https://www.cnbc.com/2021/06/10/cpi-may-2021.html
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weimar-mutilated-300x236.jpg
 
#142
#142
TheDeeble said:
This is what I was looking at years ago. If I'm going to pay to live somewhere it might as well go towards something I'll own, pay off, then not have to pay on anymore outside of property taxes/maintenance. If I sell, I get my money back if not more depending on the housing market. My house payments were only slightly more than apartment rent.

Saved up some money, paid about 30% down, and paid off the house 8 years after I bought it.
Click to expand...

:eek:
 
#143
#143
TheDeeble said:
This is what I was looking at years ago. If I'm going to pay to live somewhere it might as well go towards something I'll own, pay off, then not have to pay on anymore outside of property taxes/maintenance. If I sell, I get my money back if not more depending on the housing market. My house payments were only slightly more than apartment rent.

Saved up some money, paid about 30% down, and paid off the house 8 years after I bought it.
Click to expand...

..
 
#146
#146
Velo Vol said:
I'd like the area gold bugs to explain why that's so.
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I've pointed it out thousands of times, but they are able to drive demand for physical gold and silver towards the ETFs. So instead of people jumping into buying physical gold and silver, they are choosing to get "exposure" to the metals by purchasing GLD or SLV, which is not physical metal but "paper" metal.

Now having said all of that, the spot price of silver right now is about $27-28, yet you will be hard pressed to find a Silver Eagle right now for under $40 and any other form of silver for under $34.
 
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