Trump presidency predictions

[an]

[quote=spdrun]You mean you want 10%+ interest rates on 30-year mortgages? LOL.

Remember that housing prices aren’t included in core inflation.[/quote]What does core CPI have anything to do with the late 70s?

[spdrun]

What late 70s rates will do to housing won’t be pretty. Core inflation doesn’t predict what housing will do.

Housing went up in the 70s, but only in context. Late 60s, early 70s = riots, malaise, and war, which had a depressing effect on prices.

Be careful of what you wish for.

[an]

[quote=spdrun]What late 70s rates will do to housing won’t be pretty. Core inflation doesn’t predict what housing will do.

Housing went up in the 70s, but only in context. Late 60s, early 70s = riots, malaise, and war, which had a depressing effect on prices.

Be careful of what you wish for.[/quote]Housing went up in in context but X, Y, Z had depressing effect on prices? So, what you’re saying is, w/out X, Y, Z, prices would have gone up A LOT more? AWESOME.

[spdrun]

No, I’m saying that there were factors at the beginning of the decade that depressed housing prices that were fading away by the end.

[an]

Where’s your data about the depressed housing price? Here’s the data from the census: https://www.census.gov/hhes/www/housing/census/historic/values.html

Median home value:
2000 1990 1980 1970 1960 1950 1940

United States $119,600 $79,100 $47,200 $17,000 $11,900 $7,354 $2,938
California $211,500 $195,500 $84,500 $23,100 $15,100 $9,564 $3,527

[spdrun]

Inflation-adjusted values were basically flat through the 60s. Also, “suburban flight” through the 60s and 70s was a big deal. Median may have gone up, but there were plenty of opportunities, like apartment buildings in NYC that couldn’t practically be given away.

Remember that NYC was basically bankrupt through the late 70s.

[zk]

http://www.newyorker.com/news/john-cassidy/the-political-bargain-behind-trumps-cabinet-of-lamentables

Interesting theory. Trump fucks over the whole country to make himself richer. Sounds about right.

[scaredyclassic]

i like the theory in this article [trump lets repubs do whatever they like, he enriches himself, tacit agreement not to dwell on conflicts of interest that could theoretially bring him down] because its based purely on greed and power, which feels,like it explains everything.

also, the rich get richer and the poor get poorer. all done so beautifully out in the open. he TOLD us he manipulates the system for his benefit. man, its just too sweet.

. also makes me relax. trump will be focussed entirely on $ making, governing us is left to douchebag repubs.

not sure how to personally make $ off that…

[spdrun]

Problem is that a bunch of authoritarians running the show for at least two years has the potential to do a lot of damage. Other problem is that Trump has proven to be an authoritarian — he’ll likely intervene in ways that reduce civil liberties in the US.

OK, OK, there might be national concealed carry, but I consider 2A to be a very small part of personal liberty.

[moneymaker]

I give Trump a 30% chance of being a good president. Denim jeans at Costco for $9.97, bought 1 pair just to try them. Bake potato in microwave, toaster oven or oven why buy something else to bake a potato in scaredy?

[spdrun]

Scaredy is clearly a hipster removed from his natural habitat:

http://www.npr.org/2016/11/27/503489365/do-hipster-cooking-gadgets-spoil-comfort-of-cooking

[scaredyclassic]

[quote=moneymaker]I give Trump a 30% chance of being a good president. Denim jeans at Costco for $9.97, bought 1 pair just to try them. Bake potato in microwave, toaster oven or oven why buy something else to bake a potato in scaredy?[/quote]

crispier skin

[ltsddd]

[quote=AN]Where’s your data about the depressed housing price? Here’s the data from the census: https://www.census.gov/hhes/www/housing/census/historic/values.html

Median home value:
2000 1990 1980 1970 1960 1950 1940

United States $119,600 $79,100 $47,200 $17,000 $11,900 $7,354 $2,938
California $211,500 $195,500 $84,500 $23,100 $15,100 $9,564 $3,527[/quote]

It looks pretty depressed from 1990 to 2000. Went up merely $16K (8%) for california for the whole 10 years. The rest of the other decades prices went up from 50% to >%300.

[an]

[quote=spdrun]Inflation-adjusted values were basically flat through the 60s. Also, “suburban flight” through the 60s and 70s was a big deal. Median may have gone up, but there were plenty of opportunities, like apartment buildings in NYC that couldn’t practically be given away.

Remember that NYC was basically bankrupt through the late 70s.[/quote]I don’t care about inflation-adjusted. My mortgage is fixed, so why should I care about inflation adjusted value? However, even inflation-adjusted, home value went up about 20% from 60-70. Is 20% increase what you mean by basically flat?

[moneymaker]

Maybe I should ask for a raise today.Based on ROI expectations I should be making 60% more than I am. But with rising health care costs and when I throw in benes maybe I’m pretty close to inflation. Paycheck has not kept up with the cost of health care and utilities. The city council is voting on their raise today, maybe I should too.

[Author]

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