Forum Replies Created
-
AuthorPosts
-
The-Shoveler
ParticipantI just wish the Powerball was $1 a ticket, $2 seems a bit steep for a what the heck slot machine pull.
That 4.x quake was probably 75 miles out from Temecula
Doubt anyone would feel it in TV.
ParticipantMost people will not remember but the dogma back then was to buy the most house/car …etc you could because you would be able to afford it later LOL.
ParticipantI was getting 10-15% wage increases in the 1970’s
True a lot of that was performance/merit etc…
But house prices, cars ect.. were going up about that as well.
The lower you are on the ladder the more those cost of living increase mean. and in 1970, if house price increased, you got a higher Cost of living increase (not rent, the price of a home)
ParticipantCould be a bit of both,
Anyway you look at it though they need to build a lot more homes or squeeze a lot more people into the same living space,
(that is the demographics of the situation).To me a repeat of the 1980’s seems a lot more likely than a repeat of the 70’s.
But that is just my opinion.
.
ParticipantYep if you got cost of living wage increases.
if you just got cost of living wage increases you have been going backwards since 1981
ParticipantNo but if inflation goes up 10% your wages go up 15% even if your market share declines if you have a strong union.
See Auto workers in the 1970’s.
It’s complex.
Food, clothes and basic cars were a lot more expensive in 1980 than it is today (percentage wise).
Like I said it was more about the inflation measurement than anything else.
If house prices went up your cost of living wage increase went up, if gas went up you also got a raise.
they took that out in 1981
ParticipantTo get stagflation you would need two things.
1) unions
2) inflation measured the same way it was before 1981.
They have been discounting the real inflation rate since 1981, that was the REAL reason for the decline of the middle class, think of it as compounding interest in reverse (wage growth in reverse).
ParticipantWere you around in the late 80’s?
The National Debt was going through the roof at that time as well, many were very concerned about it.
The 70’s left us very much in debt after the hot and cold war.
Percentage wise I think it was very close.
ParticipantRepeat of the 1980’s seems more likely.
We are in about the same demographic situation.
Just looking at the demographics.
Maybe a little bit of both.
ParticipantIf I had to guess I am going with it will be another mostly flat year for the market.
Mostly flat until 2020 would be my guess.
Anyway IMO.
IMO TPTB want a boring market.
That’s not to say there will not be big up and down days.
December 31, 2015 at 10:23 AM in reply to: Starting 2016 by Ditching the Serial Refinancing Persona #792888ParticipantCongrats flu !!
The strategy I am thinking of is to get to >50% equity in a few years (when we can get a reverse mortgage) .ParticipantI was listening to the radio yesterday and heard they passed or extended a invest 500K in a biz and get a path to citizenship bill, I think that will have a much larger effect.
Comparing the complete package I still think SoCal is in the bargain bin of World RE.
ParticipantBah Humbug LOL,
Go out and buy new bikes or something for you and the family.
ParticipantWhen most of the most productive industries in the USA no longer use Oil directly and F-150’s get close to 30 miles a gallon, Oil is no longer the Indicator it used to be.
Well for the USA anyway.
-
AuthorPosts
