patrick.net

Shaman says

we’d like to return the product and get our money back.

All sales are final! No Refunds!

Fat slobs can cut back on meat consumption, eat tofu and embrace their feminine side.

Shaman says

Dholliday126 says

Prediction: antithetical, but housing will go higher after this. 4 trillion will be inflationary, just like the bailouts of 2009.

Who are the only ones screwed since 2009? Savers that rent. I suspect it'll be the same after all this monopoly money makes it's way through the system.

I’m hoping this is true. Inflation is a great deal for asset owners and debtors. Whenever you can see your investment value rise while your debt value falls, you’re winning.

Fixed price contracts really fuck people over though. Rents can’t be raised, government capped them. So people with rentals are gonna get fucked hard.

Government asks people to rent to deadbeats, limits rent increases on deadbeats, makes them not pay rent. Sooner or later CA will have nothing but hobo paradise here and all productive people will leave the state.

Shaman says

Prediction: antithetical, but housing will go higher after this. 4 trillion will be inflationary, just like the bailouts of 2009.

.

That is what I am hearing from a friend who represents the Mises Institute, a libertarian think tank.

He is saying that it will be asset price inflation AGAIN (ie.., housing, stocks, etc.), and we will not see significant inflation with gasoline, food, clothing, etc.

WSJ reports housing prices are going up :
https://www.wsj.com/articles/why-home-prices-are-rising-during-the-pandemic-11588671002

.

Ultimately the true measure of inflation and quality of life is based largely on home price to household income ratio. I still was able to get a mortgage in summer 2016 with a home price that was 5 times my income because I had a 30 year mortgage fixed rate of 3% with no discount points.

https://www.longtermtrends.net/home-price-median-annual-income-ratio/

Shaman says

Marcus fundamentally misunderstands conservatives. He thinks that if the Democrats stop oppressing us, we will be sad that we don’t have anything to gripe about. While that is true for Leftists, and they thrive on feeling oppressed, conservatives mostly just want to be left alone to live our lives in peace. Thanks for the free trial of totalitarianism, but we’d like to return the product and get our money back.

Fact check: True

www.youtube.com/embed/4KnAzpi4avo

When I bought my house I had to finance what was about 3 times our annual income. Now thanks to raises and paying down some principle, it’s merely 2 times our income. The house is much more affordable now even though (thanks to tax increases due to rising property values) our payment has gone up about $75. I’m thinking seriously of refinancing shortly if I can drop my rate by a percentage point.

Shaman says

When I bought my house I had to finance what was about 3 times our annual income. Now thanks to raises and paying down some principle, it’s merely 2 times our income. The house is much more affordable now even though (thanks to tax increases due to rising property values) our payment has gone up about $75. I’m thinking seriously of refinancing shortly if I can drop my rate by a percentage point.

Same here I'm right at 3x and just refinance but shaved 3 years off instead of lowering payment. Good time to refi.

Shaman says

When I bought my house I had to finance what was about 3 times our annual income.

3x is very strict standard by the bank. Here in the Florida panhandle the banks are financing mortgages that are up to 5x household income.

Granted the homes are in the $180,000 to $300,000 price range.

BTW, I read that Wells Fargo has stopped taking HELOC applications.

With his latest announcement Gavin Newsom has become the leader of the fake grassroots "reopen" movement.

Gavin does not like the way the naught children are talking. WE will have the new normal that he decides. Of, course, Gavin has no idea what this thing called normal is about.
https://www.sfgate.com/bayarea/article/Gavin-Newsom-California-reopening-retail-15248542.php

The money has disappeared from the stock market already.

Those who didn’t invest never had anything to complain about, taxes on my dividends and interest paid for their food stamps, earned income credit (free cash per kid), health care, etc.

I once started a business but I didn’t roll the dice with my entire net worth like an idiot.

Those who have not are dumber or had poorer judgement than most of the haves.
Some haves are lucky and inherited things, I know some of them.

But I know many more who just hate to save and invest money, it’s as if they were allergic to having money.

Tough shit for them.

Interesting things are definitely going to happen.

Had to stop at the local Walmart today. It was PACKED. Just goes to show you how unethical this lockdown is. I can go to a packed Walmart to buy art supplies but I cant go to the tiny local art store to buy art supplies. The disproportionate hit to small businesses is criminal.

— Amanda (@AmandaPresto) May 4, 2020

BTW, I read that Wells Fargo has stopped taking HELOC applications.

Good. Now end "reverse" mortgages and shorten the max term of gov backed from 30 to 20 years.

No HELOCs? This will have a ripple effect on plastic surgery and monster truck sales.

Only reason they would stop these is they believe equity factoring will drop.

Ceffer says

No HELOCs? This will have a ripple effect on plastic surgery and monster truck sales.

Only reason they would stop these is they believe equity factoring will drop.

Even if they figure a disastrous +30% drop in home prices, they can still take HELOC applications for those who owned their homes outright and with no mortgage.

jazz_music says

There is damning evidence.

Russian collusion? Really? Nancy is really losing it.

Pathetic.

Daily new cases have been trending down pretty much every day, so have deaths with exceptions like today. It's normal to see a rise in states that have not been affected much prior, doesn't necessarily mean the lockdown or lack thereof is responsible for it. In each area eventually the virus will follow the same curve and those hardest hit are those to come down fastest as well. As long as hospitals aren't overloaded states should be open for business, the daily case rate is largely irrelevant at some point where enough have been exposed. Remember exposed doesn't mean actively infected so the exposure is largely much higher and will eventually provide herd immunity.

This post sponsored by Popeyes Louisiana Kitchen.

www.youtube.com/embed/yMzyleT2FqY

The real result of gov backed 30 year mortgages, equity loans, and reverse mortgages is to inflate the costs of homes and make the general population into debt slaves for a handful of banks. We would be far better off with a common goal of everyone owning their main residence outright by age 45 or so. Houses would be less expensive and people would have more money for other endeavors. Only the banks would lose.

'If you don't eat yer meat, you can't have any pudding. How can you have any pudding if you don't eat yer meat?" Gavin Newsome

It could be argued that Liberals are breaking the law just by being in their party. All they fucking do is collude to commit crimes, fraud and assfuck America.

Quit being criminals you little Shits!

Liberals have lost the definition of Crimes and Criminals.

In 1969 the hong kong flu killed more than 100k Americans while over 400K people were attending Woodstock, including Latinos and blacks, nobody was locked down and nobody was called irresponsible.

#FAKENEWS
#TDS

liberals have been calling Trump names for last 4 years, what else is new? Those with TDS have major problems that we can't help them with.

Also Yale

www.youtube.com/embed/p8M2tg2RkIQ

HeadSet says

Only the banks would lose.

If the past 12 years have taught us anything it’s that the banks will not be ALLOWED to lose!

Therefore if you can’t pay rent, don’t pay it! If you can’t pay your mortgage don’t pay it! If enough people do that, it stops being a personal problem and starts being a banker problem which automatically makes it a government problem. And the government always acts fast to solve bank problems.