Forum Replies Created
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(former)FormerSanDiegan
ParticipantI too would like to know. He was around here about 5 or 6 weeks ago before I went on vacation. Haven’t seen him post since.
I miss his take and predictions on GDP.
(former)FormerSanDiegan
ParticipantI too would like to know. He was around here about 5 or 6 weeks ago before I went on vacation. Haven’t seen him post since.
I miss his take and predictions on GDP.
(former)FormerSanDiegan
ParticipantI too would like to know. He was around here about 5 or 6 weeks ago before I went on vacation. Haven’t seen him post since.
I miss his take and predictions on GDP.
(former)FormerSanDiegan
ParticipantYes, but demand for Real Estate is local for the most part and local demand is support by currency that is earned locally. If the dollar declines in value against other currencies it doesn’t mean there is simultaneous wage inflation which is what supports RE purchase fundamentals.
Infact, even though the dollar has been declining, wages have been stagnant. This doesn’t support Real Estate appreciation, which is directly correlated with local wages.
I agree mostly with your assessment. Particularly regarding wages which have stagnated since about 2005. But, there was a considerable improvement in wages from 2000-2005, (a 28% increase in median family income in San Diego for example according to the census bureau). But not nearly enough to keep up with housing inflation.
So a reasonable interpretation by the author would suggest that some fraction of the price increase was justified by dollar deflation (and subsequent wage increases), but not the whole enchilada.
I just wanted to point out that there are some reasonable assumptions from which the author jumps to the wrong conclusions. I like to take the facts and dissect to find out where the author went wrong, rather than provide the knee-jerk reaction comments which are prevalent above.
(former)FormerSanDiegan
ParticipantYes, but demand for Real Estate is local for the most part and local demand is support by currency that is earned locally. If the dollar declines in value against other currencies it doesn’t mean there is simultaneous wage inflation which is what supports RE purchase fundamentals.
Infact, even though the dollar has been declining, wages have been stagnant. This doesn’t support Real Estate appreciation, which is directly correlated with local wages.
I agree mostly with your assessment. Particularly regarding wages which have stagnated since about 2005. But, there was a considerable improvement in wages from 2000-2005, (a 28% increase in median family income in San Diego for example according to the census bureau). But not nearly enough to keep up with housing inflation.
So a reasonable interpretation by the author would suggest that some fraction of the price increase was justified by dollar deflation (and subsequent wage increases), but not the whole enchilada.
I just wanted to point out that there are some reasonable assumptions from which the author jumps to the wrong conclusions. I like to take the facts and dissect to find out where the author went wrong, rather than provide the knee-jerk reaction comments which are prevalent above.
(former)FormerSanDiegan
ParticipantYes, but demand for Real Estate is local for the most part and local demand is support by currency that is earned locally. If the dollar declines in value against other currencies it doesn’t mean there is simultaneous wage inflation which is what supports RE purchase fundamentals.
Infact, even though the dollar has been declining, wages have been stagnant. This doesn’t support Real Estate appreciation, which is directly correlated with local wages.
I agree mostly with your assessment. Particularly regarding wages which have stagnated since about 2005. But, there was a considerable improvement in wages from 2000-2005, (a 28% increase in median family income in San Diego for example according to the census bureau). But not nearly enough to keep up with housing inflation.
So a reasonable interpretation by the author would suggest that some fraction of the price increase was justified by dollar deflation (and subsequent wage increases), but not the whole enchilada.
I just wanted to point out that there are some reasonable assumptions from which the author jumps to the wrong conclusions. I like to take the facts and dissect to find out where the author went wrong, rather than provide the knee-jerk reaction comments which are prevalent above.
(former)FormerSanDiegan
ParticipantI think most here would agree that the dollar has lost value relative to precious metals and other currencies during the last 7 years. I think the author is stretching this point to a ridiculous limit, however.
A valid point, though, is that tangible assets tend to appreciate significantly when currency declines. This includes precious metals, commodities and real estate.
(former)FormerSanDiegan
ParticipantI think most here would agree that the dollar has lost value relative to precious metals and other currencies during the last 7 years. I think the author is stretching this point to a ridiculous limit, however.
A valid point, though, is that tangible assets tend to appreciate significantly when currency declines. This includes precious metals, commodities and real estate.
(former)FormerSanDiegan
ParticipantI think most here would agree that the dollar has lost value relative to precious metals and other currencies during the last 7 years. I think the author is stretching this point to a ridiculous limit, however.
A valid point, though, is that tangible assets tend to appreciate significantly when currency declines. This includes precious metals, commodities and real estate.
(former)FormerSanDiegan
Participant“Is this kind of bankruptcy really hunt us 2 years only?”
All your base are belong to us.
(former)FormerSanDiegan
Participant“Is this kind of bankruptcy really hunt us 2 years only?”
All your base are belong to us.
(former)FormerSanDiegan
Participant“Is this kind of bankruptcy really hunt us 2 years only?”
All your base are belong to us.
(former)FormerSanDiegan
Participantone_muggle –
I must disagree on most of your examples
Re 401K –
Taking 401K contributions it off the top of income helps actually those who don’t itemize. This includes the vast majority of those fortunate enough not to have a mortgage tax deduction.This would actually hurt those whose itemized deductions do not exceed the standard deduction.
Re Medical spending account claims –
They pay medical when you submit a claim and do not wait for all the deductions. If you use your entire election by February for example, they reimburse you the whole enchilada BEFORE they deduct from your paycheck. Only the dependent care claims are subject to waiting until they have actually been deducted from your check.Re: Dependent Care account claims –
Yes, the dependent car portion reimbursements are held up until after deducted from your check. However, these are typically regular predicatble amounts that you have to spend for day care. These are for the most part predictable up-front. The maximum amount is $5000. If your monthly care expenses exceed $416.67 per month (most would) then it’s pretty easy to get ahead on the claims, so you only lose about 1 months worth of interest for each months worth of deduction (due to claims processing time). This adds up to about $1.74 per month at 5%.
I’ll give up that $20.88 in interest income ( $12.53 after tax), in order to save about $2000 on my taxes.(former)FormerSanDiegan
Participantone_muggle –
I must disagree on most of your examples
Re 401K –
Taking 401K contributions it off the top of income helps actually those who don’t itemize. This includes the vast majority of those fortunate enough not to have a mortgage tax deduction.This would actually hurt those whose itemized deductions do not exceed the standard deduction.
Re Medical spending account claims –
They pay medical when you submit a claim and do not wait for all the deductions. If you use your entire election by February for example, they reimburse you the whole enchilada BEFORE they deduct from your paycheck. Only the dependent care claims are subject to waiting until they have actually been deducted from your check.Re: Dependent Care account claims –
Yes, the dependent car portion reimbursements are held up until after deducted from your check. However, these are typically regular predicatble amounts that you have to spend for day care. These are for the most part predictable up-front. The maximum amount is $5000. If your monthly care expenses exceed $416.67 per month (most would) then it’s pretty easy to get ahead on the claims, so you only lose about 1 months worth of interest for each months worth of deduction (due to claims processing time). This adds up to about $1.74 per month at 5%.
I’ll give up that $20.88 in interest income ( $12.53 after tax), in order to save about $2000 on my taxes. -
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