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kev374
ParticipantMany mail programs will allow you to create rules so you can direct particular email addresses directly to a particular folder out of your inbox. If you wish you can just skim the subject of this folder to make sure it’s all junk and that is much easier than having a mix of junk and good mail. If you have Microsoft Outlook it is called Inbox assistant. In Lotus Notes it is called mail agent or something like that.
ParticipantThe lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.
HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.
Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.
The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!
ParticipantThe lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.
HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.
Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.
The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!
ParticipantThe lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.
HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.
Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.
The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!
ParticipantThe lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.
HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.
Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.
The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!
ParticipantThe lenders RICHLY deserve the losses. I hope the guys on Wall St. lose everything. They took ridiculous risks due to their immense greed and I have no sympathy for them.
HOWEVER, my concern is that there WILL be a taxpayer funded bailout for Wall St. in the guise of protecting the poor foreclosure “victims”.
Wall St. will get bailed out by taxpayers. The reckless homeowners who bought homes they couldn’t afford will get a super low interest rate lock, some other subsidy or at the very least have had the opportunity to live in a home they couldn’t afford, rent free for a few months and also had the good fortune of living lavishly on home equity lines for a few years.
The real victims are the people who were responsible, worked hard for their money, paid their taxes and did not exhibit this reckless behavior. The bailout is going to be on the backs of such people!
ParticipantYour assumption is flawed because home prices don’t track core or headline inflation but rather income inflation and incomes have declined 4% in the last 5 years, probably a big part due to Global Wage arbitrage. Headline inflation actually depresses home prices.
This makes sense, for instance say inflation is at 15% a year but your income is increasing at 2% a year. Now the price of goods is skyrocketing..groceries, oil, transporation, insurance etc. In this scenario your net affordability each year for housing is decreasing because more of your budget is being eaten up by the rising costs of goods and services.
So you can’t calculate prices of homes based on inflation. It’s income growth that is KEY. In the 90s income growth would have been approximately equal to inflation or slightly more but in the last 5-7 yrs income growth has lagged inflation. The difference has been picked up by credit spending but that is no more so we’re in for some interesting times ahead.
To give you an example, in my line of work, which is IT consulting, they are paying the same hourly rates they were paying in 2000. In some cases rates have gone down due to the huge influx of cheap H1B labor and especially L1 labor which bypasses the caps and are paid peanuts.
ParticipantYour assumption is flawed because home prices don’t track core or headline inflation but rather income inflation and incomes have declined 4% in the last 5 years, probably a big part due to Global Wage arbitrage. Headline inflation actually depresses home prices.
This makes sense, for instance say inflation is at 15% a year but your income is increasing at 2% a year. Now the price of goods is skyrocketing..groceries, oil, transporation, insurance etc. In this scenario your net affordability each year for housing is decreasing because more of your budget is being eaten up by the rising costs of goods and services.
So you can’t calculate prices of homes based on inflation. It’s income growth that is KEY. In the 90s income growth would have been approximately equal to inflation or slightly more but in the last 5-7 yrs income growth has lagged inflation. The difference has been picked up by credit spending but that is no more so we’re in for some interesting times ahead.
To give you an example, in my line of work, which is IT consulting, they are paying the same hourly rates they were paying in 2000. In some cases rates have gone down due to the huge influx of cheap H1B labor and especially L1 labor which bypasses the caps and are paid peanuts.
ParticipantYour assumption is flawed because home prices don’t track core or headline inflation but rather income inflation and incomes have declined 4% in the last 5 years, probably a big part due to Global Wage arbitrage. Headline inflation actually depresses home prices.
This makes sense, for instance say inflation is at 15% a year but your income is increasing at 2% a year. Now the price of goods is skyrocketing..groceries, oil, transporation, insurance etc. In this scenario your net affordability each year for housing is decreasing because more of your budget is being eaten up by the rising costs of goods and services.
So you can’t calculate prices of homes based on inflation. It’s income growth that is KEY. In the 90s income growth would have been approximately equal to inflation or slightly more but in the last 5-7 yrs income growth has lagged inflation. The difference has been picked up by credit spending but that is no more so we’re in for some interesting times ahead.
To give you an example, in my line of work, which is IT consulting, they are paying the same hourly rates they were paying in 2000. In some cases rates have gone down due to the huge influx of cheap H1B labor and especially L1 labor which bypasses the caps and are paid peanuts.
ParticipantYour assumption is flawed because home prices don’t track core or headline inflation but rather income inflation and incomes have declined 4% in the last 5 years, probably a big part due to Global Wage arbitrage. Headline inflation actually depresses home prices.
This makes sense, for instance say inflation is at 15% a year but your income is increasing at 2% a year. Now the price of goods is skyrocketing..groceries, oil, transporation, insurance etc. In this scenario your net affordability each year for housing is decreasing because more of your budget is being eaten up by the rising costs of goods and services.
So you can’t calculate prices of homes based on inflation. It’s income growth that is KEY. In the 90s income growth would have been approximately equal to inflation or slightly more but in the last 5-7 yrs income growth has lagged inflation. The difference has been picked up by credit spending but that is no more so we’re in for some interesting times ahead.
To give you an example, in my line of work, which is IT consulting, they are paying the same hourly rates they were paying in 2000. In some cases rates have gone down due to the huge influx of cheap H1B labor and especially L1 labor which bypasses the caps and are paid peanuts.
ParticipantYour assumption is flawed because home prices don’t track core or headline inflation but rather income inflation and incomes have declined 4% in the last 5 years, probably a big part due to Global Wage arbitrage. Headline inflation actually depresses home prices.
This makes sense, for instance say inflation is at 15% a year but your income is increasing at 2% a year. Now the price of goods is skyrocketing..groceries, oil, transporation, insurance etc. In this scenario your net affordability each year for housing is decreasing because more of your budget is being eaten up by the rising costs of goods and services.
So you can’t calculate prices of homes based on inflation. It’s income growth that is KEY. In the 90s income growth would have been approximately equal to inflation or slightly more but in the last 5-7 yrs income growth has lagged inflation. The difference has been picked up by credit spending but that is no more so we’re in for some interesting times ahead.
To give you an example, in my line of work, which is IT consulting, they are paying the same hourly rates they were paying in 2000. In some cases rates have gone down due to the huge influx of cheap H1B labor and especially L1 labor which bypasses the caps and are paid peanuts.
ParticipantIt’s a fraudulent scheme by the government under the guise of helping homeowners it just bails out the investors and shifts the risk to the taxpayers, simple as that.
ParticipantIt’s a fraudulent scheme by the government under the guise of helping homeowners it just bails out the investors and shifts the risk to the taxpayers, simple as that.
ParticipantIt’s a fraudulent scheme by the government under the guise of helping homeowners it just bails out the investors and shifts the risk to the taxpayers, simple as that.
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