Getbig Bodybuilding, Figure and Fitness Forums
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Dos Equis on June 06, 2008, 08:55:05 AM
-
:-\
Jun 6, 11:39 AM EDT
Unemployment rate jumps to 5.5 percent in May
By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) -- The nation's unemployment rate jumped to 5.5 percent in May - the biggest monthly rise since 1986 - as nervous employers cut 49,000 jobs.
The latest snapshot of business conditions showed a deeply troubled economy, with dwindling job opportunities in a time of continuing hardship in the housing, credit and financial sectors.
"It was ugly," said Richard Yamarone, economist at Argus Research.
With employers worried about a sharp slowdown and their own prospects, they clamped down on hiring in May, said Friday's report from the Labor Department. The unemployment rate soared from 5 percent in April to 5.5 percent in May. That was the biggest one-month jump in the rate since February 1986. The increase left the jobless rate at its highest since October 2004.
On Wall Street, stocks slid. The Dow Jones industrials tumbled more than 200 points in morning trading.
The big jump in the unemployment rate surprised economists who were forecasting a tick-up to 5.1 percent. Payroll losses, however, weren't as deep as the 60,000 that analysts were bracing for. Still, job losses in both March and April turned out to be larger than the government previously reported. Employers now have cut payrolls for five straight months.
The White House expressed disappointment, too.
"Certainly this isn't a report that we wanted to see today," White House deputy press secretary Scott Stanzel said. He acknowledged that the increase was higher than experts expected. "It is a number that is too high in our view but it is lower than the average of the last three decades."
The 5.5 percent rate is relatively moderate judged by historical standards. Yet, there was no question that employers last month sharply cut jobs in manufacturing, construction, retailing and professional and businesses services. Those losses swamped gains elsewhere, including in the education and health fields, government, and leisure and hospitality.
The government said the number of unemployed people grew by 861,000 in May - rising to 8.5 million. The over-the-month jump in unemployment reflected more workers losing their jobs as well as an increase in those coming into the job market - especially younger people - to look for work, the Bureau of Labor Statistics said.
A year ago, the number of unemployed stood at 6.9 million and the jobless rate was 4.5 percent.
A trio of crises - housing, credit and financial - have rocked the economy. That's caused economic growth to slow to a crawl as businesses and consumers have tightened their belts. Spiraling energy costs are another negative force.
The country's economic problems are a top concern for voters - and thus for President Bush, lawmakers on Capitol Hill and those vying to win the White House this fall.
And, there's been a lot of talk about whether the economy is on the brink of, or fallen into, its first recession since 2001. That determination, made by a panel of academics, is usually made well after the fact.
"For the average American there is not debate that the economy is in a recession," said Mark Zandi, chief economist at Moody's Economy.com. "That's because their net worth is lower, their purchasing power is lower and it is tough to find a job. If you lose a job, it is tough to get back in," he said.
So far this year, the government said, job losses have totaled 324,000.
Workers with jobs, however, saw modest gains.
Average hourly earnings for jobholders rose to $17.94 in May, up 0.3 percent from the previous month. Economists were forecasting a 0.2 percent gain. Over the last 12 months, wages have grown by 3.5 percent..
With food and energy prices marching upward, paychecks aren't stretching as far. Although tax rebates helped to energize shoppers and give major retailers better sales in May, analysts still believe that anxious consumers will be keeping a close watch on their purchases and their budgets in the months ahead. A weakening job market could make people feel less inclined to spend, which would put a damper on overall economic growth.
Worried about inflation, Federal Reserve Chairman Ben Bernanke has signaled that the central bank's rate-cutting campaign, which commenced last September to help bolster the economy, is probably over for now.
Fed officials and the Bush administration are hoping that the Fed's powerful doses of rate reductions and the government's $168 billion stimulus package, including tax rebates for people and tax breaks for businesses, will pull the economy out of its deep funk in the second half of this year.
Even if that happens, the unemployment rate is expected to climb to 6 percent or higher early next year. Employers won't want to ramp up hiring until they feel more sure that an economic recovery has strong legs.
---
On the Net:
Employment report: http://www.bls.gov/home.htm
http://hosted.ap.org/dynamic/stories/E/ECONOMY?refresh=1
-
What prosperous times we're having. My life was 1000 times better during the clinton years.
-
340,000 jobs lost this year :-\
That is not just a stat to all those familes.
Bush is on TV now, rambling on some crap about the economy. The dems are too blame, he said that one already. Now he calling the secretary his "buddy" ::)
-
My life was 1000 times better during the clinton years.
::)
-
It was 4.5 percent, exactly one year ago.
-
Dow falls 400 points after surprise unemployment spike, oil jump
June 6, 2008
http://news.yahoo.com/s/ap/20080606/ap_on_bi_st_ma_re/wall_street
-
'Hysteria' drives oil to record high
Oil prices shot up nearly $11 a barrel and settled today at a record $138.54 -- driven by geopolitical jitters, a dollar decline stemming from a weak jobs report and a forecast that oil would hit $150 by July 4. "It's pure hysteria," one industry analyst told CNNMoney.com
http://money.cnn.com/2008/06/06/news/economy/gas_prices/index.htm?cnn=yes
-
::)
how can you eye roll that with any seriousness :-\
-
how can you eye roll that with any seriousness :-\
One of your moderators brings down the property value of this place.
-
how can you eye roll that with any seriousness :-\
My life is significantly better today than it was eight-plus years ago. That is true for many people. Saying your life is a 1000 times worse is an overstatement. I'm sure that's true for some, but the comment definitely deserved a ::) IMO.
I’d like to hear specifically why War-Horse believes his circumstances were “1000 times better” eight-plus years ago.
-
My life is significantly better today than it was eight-plus years ago. That is true for many people. Saying your life is a 1000 times worse is an overstatement. I'm sure that's true for some, but the comment definitely deserved a ::) IMO.
I’d like to hear specifically why War-Horse believes his circumstances were “1000 times better” eight-plus years ago.
You're pretty delusional, dude. And you don't seem to be that bright.
Other than that, "Heckuva job, beachy"!
-
http://www.amazon.com/Buy-Gold-Now-National-Languishing/dp/0470185880/ref=pd_bbs_sr_2?ie=UTF8&s=books&qid=1212789961&sr=1-2
Before reading it I didn't realize exactly how much damage Bush and Co. had done.
-
I personally am financially much better off...but gas and the economy are a big issue right now. I have a damm 06' Expedition that i have'nt driven in months. But as long as there are idiots trying to kill us, I'll have plenty of employment.
-
I personally am financially much better off...but gas and the economy are a big issue right now. I have a damm 06' Expedition that i have'nt driven in months. But as long as there are idiots trying to kill us, I'll have plenty of employment.
True. I was talking to a guy on Maui yesterday (airport shuttle driver) who said people are getting laid off, business is down, etc. and it's all related to rising fuel costs.
-
It sucks....this is all because somebody is getting rich quick. OPEC said oil should be 70 bucks a barrel.
-
It's the oil company cartel. >:(
-
two main reasons for gas/oil crisis:
1) devalue of dollar due to extreme deficit spending. (12 Billion per month in iraq)
2) oil speculators.
NT
-
Wait until gas hit $5 a gallon for reg unleaded.
Then people will will start getting real pissed.
Groceries are already up 30% in some areas.
unemployment? Big Fvcking deal. Find another job.
-
I personally am financially much better off...but gas and the economy are a big issue right now. I have a damm 06' Expedition that i have'nt driven in months. But as long as there are idiots trying to kill us, I'll have plenty of employment.
If youd quit going to Iraq ,theyd quit trying to kill you....very simple.
-
My life is significantly better today than it was eight-plus years ago. That is true for many people. Saying your life is a 1000 times worse is an overstatement. I'm sure that's true for some, but the comment definitely deserved a ::) IMO.
I’d like to hear specifically why War-Horse believes his circumstances were “1000 times better” eight-plus years ago.
Sometimes i wonder if youre all there. read this thread and try to figure it out.
-
If 8 years ago, i was making the money i am now, adjusted for inflation, and considering the state of the nation and the world, the price of gas, etc... I'd be 1000 times better.
And the availability and opportunity to do what i do now was available then.
Sometimes it's easy to confuse the process of maturing and developing the life skills to fully take advantage of the opportunities available to you, with, whether of not a particular time in the long past was better then the present.
Gas was less. homes had better relative value, unemployment was low, etc...
Sorry BB, you must be talking about something else.
-
It's the oil company cartel. >:(
Yes, coupled with the fact that people all over the world are dropping the buck.
-
Yes, coupled with the fact that people all over the world are dropping the buck.
Who told you taht would happen!!! :o EU is coming to a town near you.....
-
Yes, coupled with the fact that people all over the world are dropping the buck.
Repeat post of mine from G&O lol, but relevant:
I'm sure everyone has seen a movie that references secret bank accounts, numbered accounts accessed by iris scans on tiny tax haven enclaves where mega rich folk "hide" money. I live on one, and the US dollar is said to have lost position as the premiere currency. Big drama here, the rich people flooding in constantly to deal with their banking, private jets landing at record rates. They say the Euro and Yen are now the choice currency, with AU, CND & Pound getting more favoured also. Rumour has people switching huge accounts out of the US dollar, and god knows how much money is 'hidden' here. It is the talk of the island.
-
My life is significantly better today than it was eight-plus years ago. That is true for many people. Saying your life is a 1000 times worse is an overstatement. I'm sure that's true for some, but the comment definitely deserved a ::) IMO.
I’d like to hear specifically why War-Horse believes his circumstances were “1000 times better” eight-plus years ago.
LOL, you can't be serious... I can't believe you take 1000 times literally. Anytime someone says 1000 times, you can take that to mean "a lot worse" not 1000 times litterally. That would be something like ripping Bill Gates out of his current life and sticking him in the Spanish inquisition. That kind of statement is made out of anger for the status, not intended for you to grab the calulator! lol. Now a "lot worse" sorry bro, there's a lot of people who are really down from where they were in the 90's
-
One of your moderators brings down the property value of this place.
you're wrong. Strong opposition is what will keep this place flying along. You want to bring it down, put a bunch of agreeing opinions in charge. Even I get off on intentionally picking at points with BB where otherwise I probably wouldn't have said shit. I like that we have a spectrum of opinion AND character. And even if BB is nuts in his opinion, oh please, like that's rare on getbig or any other board. It would be borning without variety. Most important, he keeps the righties happy with posting here. That makes him the perfect choice. When they get unhappy, you'll have a point.
-
you're wrong. Strong opposition is what will keep this place flying along. You want to bring it down, put a bunch of agreeing opinions in charge. Even I get off on intentionally picking at points with BB where otherwise I probably wouldn't have said shit. I like that we have a spectrum of opinion AND character. And even if BB is nuts in his opinion, oh please, like that's rare on getbig or any other board. It would be borning without variety. Most important, he keeps the righties happy with posting here. That makes him the perfect choice. When they get unhappy, you'll have a point.
In that case.....To hell with the Broncos. ;) ;D
-
two main reasons for gas/oil crisis:
1) devalue of dollar due to extreme deficit spending. (12 Billion per month in iraq)
2) oil speculators.
NT
right on
-
Repeat post of mine from G&O lol, but relevant:
I'm sure everyone has seen a movie that references secret bank accounts, numbered accounts accessed by iris scans on tiny tax haven enclaves where mega rich folk "hide" money. I live on one, and the US dollar is said to have lost position as the premiere currency. Big drama here, the rich people flooding in constantly to deal with their banking, private jets landing at record rates. They say the Euro and Yen are now the choice currency, with AU, CND & Pound getting more favoured also. Rumour has people switching huge accounts out of the US dollar, and god knows how much money is 'hidden' here. It is the talk of the island.
Very interesting stuff CQ. Do I need to cross this tax haven off my list of potential future destinations?
-
Sometimes i wonder if youre all there. read this thread and try to figure it out.
As I suspected. An overstatement. Nothing further to add. Carry on. ::)
-
If 8 years ago, i was making the money i am now, adjusted for inflation, and considering the state of the nation and the world, the price of gas, etc... I'd be 1000 times better.
And the availability and opportunity to do what i do now was available then.
Sometimes it's easy to confuse the process of maturing and developing the life skills to fully take advantage of the opportunities available to you, with, whether of not a particular time in the long past was better then the present.
Gas was less. homes had better relative value, unemployment was low, etc...
Sorry BB, you must be talking about something else.
Well geeze, if 20 years ago I had the income, assets, education, life experience, etc. that I have today, adjusted for inflation, and considering the state of the nation and the world, the price of gas, etc. I'd be 1000 times better. :)
I'm not talking about maturing and developing life skills. I'm talking about quality of life. It's better for me. It's better for a lot of people.
I think for many people, me included, despite our current economic state, life is good. Home values have gone up. This sort of came up in another thread a little while back, but our standard of living is always improving.
Unemployment is still low. Darn near the entire able-bodied workforce is employed. I haven't done a comparison, but I would imagine income is up and despite the foreclosure crisis homeownership is probably up.
-
LOL, you can't be serious... I can't believe you take 1000 times literally. Anytime someone says 1000 times, you can take that to mean "a lot worse" not 1000 times litterally. That would be something like ripping Bill Gates out of his current life and sticking him in the Spanish inquisition. That kind of statement is made out of anger for the status, not intended for you to grab the calulator! lol. Now a "lot worse" sorry bro, there's a lot of people who are really down from where they were in the 90's
I know it was a figure of speech. I wasn't asking him for a percentage. I see now it was really just an empty-headed comment.
Yes there are people who are worse off today than the 1990s. There are also people who are far better off.
-
Well geeze, if 20 years ago I had the income, assets, education, life experience, etc. that I have today, adjusted for inflation, and considering the state of the nation and the world, the price of gas, etc. I'd be 1000 times better. :)
I'm not talking about maturing and developing life skills. I'm talking about quality of life. It's better for me. It's better for a lot of people.
I think for many people, me included, despite our current economic state, life is good. Home values have gone up. This sort of came up in another thread a little while back, but our standard of living is always improving.
Unemployment is still low. Darn near the entire able-bodied workforce is employed. I haven't done a comparison, but I would imagine income is up and despite the foreclosure crisis homeownership is probably up.
Remember i said adjusting for inflation.
My point is, the quality of life is certainly worse. Comparatively take into account gas prices, home values compared to mortgages owed, Inflation, value of the dollar, rising food prices as the first effect of high gas prices, increasing unemployment.....
........And your argument falls apart.
The funny part is citing homeownership rates while there is a near record foreclosers.
-
If youd quit going to Iraq ,theyd quit trying to kill you....very simple.
Hey War-Horse, do ya think he's going to get the point?
-
Remember i said adjusting for inflation.
My point is, the quality of life is certainly worse. Comparatively take into account gas prices, home values compared to mortgages owed, Inflation, value of the dollar, rising food prices as the first effect of high gas prices, increasing unemployment.....
........And your argument falls apart.
The funny part is citing homeownership rates while there is a near record foreclosers.
I said adjusted for inflation too.
Are you saying your quality of life is worse? That everyone's quality of life is worse?
I know a lot of people who are much better off today than they were 20, 10, 8 years ago.
I think the analysis includes much more than the items you mentioned: educational opportunities, increasing income, increased home ownership, greater success for women and minorities, ever-improving products and services, life expectancy constantly increasing, improvements in technology, more efficient and better trained military, advances in medicine and science, etc. People (especially the media) don't focus on those things when we go through a crisis.
I am very concerned about oil prices and the mortgage crisis, but I don't think the country is falling apart.
Regarding unemployment, one way to look at it is the national unemployment rate rose about 1 percent. Another is to say 95 percent of the workforce is employed. Hardly the apocalypse.
Regarding home ownership, you cannot simply look at the mortgage/foreclosure crisis in a vacuum. Of course the people losing their homes are not doing well, but you have to look the bigger picture and determine--despite the crisis--whether more families have been able to purchase and keep their homes today as opposed to 10 or 20 years ago.
-
I said adjusted for inflation too.
Are you saying your quality of life is worse? That everyone's quality of life is worse?
No, what I'm saying is that the quality of my life then, if earning the same money as i do now adjusted for inflation or value, would be better because of the sate of the economy and world affairs.
Of course I'm better now, because of many reasons to do with progressing my life and earning more money.
I know a lot of people who are much better off today than they were 20, 10, 8 years ago.
That's mainly because they moved forward and progressed in life. Have them earning the same relative money then as they do now, and life is even better because their money is worth more then.
I think the analysis includes much more than the items you mentioned: educational opportunities, increasing income, increased home ownership, greater success for women and minorities, ever-improving products and services, life expectancy constantly increasing, improvements in technology, more efficient and better trained military, advances in medicine and science, etc. People (especially the media) don't focus on those things when we go through a crisis.
that's all good, but your money doesn't go far enough now to take advantage of those things the same way you could do it then. Yes, technology has increased, but not significantly, we don't have flying carpets and car that get 500 MPG.
Incomes increasing? Not really when you consider that your money doesn't go as far today as it did 8 years ago.
Regarding unemployment, one way to look at it is the national unemployment rate rose about 1 percent. Another is to say 95 percent of the workforce is employed. Hardly the apocalypse.
Does change the fact that it's worse. not better.
Regarding home ownership, you cannot simply look at the mortgage/foreclosure crisis in a vacuum. Of course the people losing their homes are not doing well, but you have to look the bigger picture and determine--despite the crisis--whether more families have been able to purchase and keep their homes today as opposed to 10 or 20 years ago.
You mean like a few % more? Like rises in unemployment?
-
Home values have gone up.
Are you high?
-
How about fruits? I remember buying a bag of fruit back in the late 80s for 75 cents. Now it's more than $ 4.00!
-
If youd quit going to Iraq ,theyd quit trying to kill you....very simple.
Don't be silly War-Horse ::)
It is completely unacceptable to defend your own soil, what rational person would do that?
I am 100% sure that should any foreign entity decide to illegally invade the USA and drop bombs all over their citzens for years on end not one single American will attempt to defend themself and will just smile as their population is killed. They won't be silly like the Iraqi's who have some weirdo thought to defend their own soil from foreign forces on it.
-
Hey, the soldiers are doing a heck of a job. Just a couple of minutes ago I saw, on TV, one of our "heroes" saying:"we're here for your fucking freedom! So back the fuck up or I'll shoot you!" to a gathering crowd of Irakis. :-X :-X :-X :-X :-X
-
Are you high?
::) Are you still paying rent? If so, then you shouldn't participate in this one.
-
My 50k a year in 1994. I had a 2500 sq ft home for 56k or 450.00 a month.
I had an 92 ford truck for 260.00 a month
I could fill the tank for .89 cent a gallon
Food bill for the week was 50.00 a week.
Fast forward 2005. My 50k......Im self emplyed and determine my wages as per accountant...
Bought a 2500 sq ft home 375k 2,900.00 a month
I have a lincoln executive series 40k or 700.00 a month
I can fill the tank for 4.09 a gallon or 80.00
food bill is 150.00 a week for family.
This is a 600% increase for the same sq ft of home.
car is around 300% increase
Gas is a 400% increase
Food is a 300% increase.
The list goes on for miles. I used to take great vacations and contribute to businesses while there. The money barely pays the bills where it used to be plenty. Now i could make more but then i pay it all back in taxes and dont like the stress of a bigger company.
Beachbum hows that for an emptyheaded comment.
Well, do you want the nice answer or the straight answer? :) If your income is the same today as 14 years ago then I agree that from an income standpoint your life was probably 1000 times better 14 years ago. Has your net worth remained the same in those 14 years?
And why the heck did you buy a $40K car when you only make $50K a year??
Also, your numbers sound a little off. If you make $50,000 a year, your gross monthly is 4166. You identified the following expenses: mortgage (2900), car (700), gas (320, assuming you fill up once a week), and food (600). Now, me and math don't get along to well, but my calculations show that equals $4520. That is a deficit of $354, not including taxes, health insurance, utilities, etc. So yeah, you are screwed.
Sounds self-inflicted. You have too much house and too much car.
-
8 years ago, I was in Europe on my "bar trip"... you know, the trip future lawyers go on after they've taken the bar and before they realize they've failed it. Life was good. Then it all came crashing down around my ears.
-
I know it was a figure of speech. I wasn't asking him for a percentage. I see now it was really just an empty-headed comment.
Yes there are people who are worse off today than the 1990s. There are also people who are far better off.
The middle class has suffered, that's a fact. I've posted the numbers and the notion that they've disappeared by becoming rich is fantasy.
-
two main reasons for gas/oil crisis:
1) devalue of dollar due to extreme deficit spending. (12 Billion per month in iraq)
2) oil speculators.
NT
Increased gas/oil demand, worldwide.
-
::) Are you still paying rent? If so, then you shouldn't participate in this one.
Yes. Unlike 90% of my neighbors, I'm not 'upside down' in a mortgage in a depressed area. I wouldn't trade places with a homeowner right now. If crap hits fan and major homelessness occurs, property value, even in your neck of the woods will go down greatly.
Wait, you live in a state almost entirely dependent upon visitors with elective funds to waste.
Good luck with that... most believe it's not sustainable in a depressed ecnomy, but you know better...
-
Well, do you want the nice answer or the straight answer? :) If your income is the same today as 14 years ago then I agree that from an income standpoint your life was probably 1000 times better 14 years ago. Has your net worth remained the same in those 14 years?
And why the heck did you buy a $40K car when you only make $50K a year??
Also, your numbers sound a little off. If you make $50,000 a year, your gross monthly is 4166. You identified the following expenses: mortgage (2900), car (700), gas (320, assuming you fill up once a week), and food (600). Now, me and math don't get along to well, but my calculations show that equals $4520. That is a deficit of $354, not including taxes, health insurance, utilities, etc. So yeah, you are screwed.
Sounds self-inflicted. You have too much house and too much car.
The fact is the median pay in the USA has not kept up with the cost of living......youll see some big problems soon as average americans try to keep up with food and gas. The oil corps are being allowed to destroy our economy.
-
It all comes down to this:
Are we better off now than 8 years ago? The answer is obvious.
-
Yes. Unlike 90% of my neighbors, I'm not 'upside down' in a mortgage in a depressed area. I wouldn't trade places with a homeowner right now. If crap hits fan and major homelessness occurs, property value, even in your neck of the woods will go down greatly.
Wait, you live in a state almost entirely dependent upon visitors with elective funds to waste.
Good luck with that... most believe it's not sustainable in a depressed ecnomy, but you know better...
::) If 90 percent of your neighbors are upside down then you are Craig Titus . . . .
-
The fact is the median pay in the USA has not kept up with the cost of living......youll see some big problems soon as average americans try to keep up with food and gas. The oil corps are being allowed to destroy our economy.
Well yours hasn't that's for sure. I don't think most people in business or in the workforce have had the same wages for 14 years like you.
-
It all comes down to this:
Are we better off now than 8 years ago? The answer is obvious.
Yes, the answer is obvious for me and a lot of others. Including my best friend's son. Ten years ago he was just finishing high school and impregnated his girlfriend. They got married and had a baby. Since then, his wife has graduated from college, pushed out another baby, and just got accepted into law school here (one of the toughest schools in the country to get into). He graduated from college, joined the Army, served a tour in Korea, and served a tour in Iraq, where he was pinned a captain by his dad in Iraq. They bought an apartment, the market took off, they sold the apartment for a significant profit, and bought a new house. They then entered the lottery for new homes in another new neighborhood, won, and bought a second house. They rent out the first. They were able to do this in part because he had a lot of tax free income while serving in Iraq and got a big signing bonus to re-up. (Headhunter if you're reading this I want you to meet him when you come to Hawaii.)
That's just one example of people who are much better off today than ten years. I know lots of others.
-
Yes, the answer is obvious for me and a lot of others. Including my best friend's son. Ten years ago he was just finishing high school and impregnated his girlfriend. They got married and had a baby. Since then, his wife has graduated from college, pushed out another baby, and just got accepted into law school here (one of the toughest schools in the country to get into). He graduated from college, joined the Army, served a tour in Korea, and served a tour in Iraq, where he was pinned a captain by his dad in Iraq. They bought an apartment, the market took off, they sold the apartment for a significant profit, and bought a new house. They then entered the lottery for new homes in another new neighborhood, won, and bought a second house. They rent out the first. They were able to do this in part because he had a lot of tax free income while serving in Iraq and got a big signing bonus to re-up. (Headhunter if you're reading this I want you to meet him when you come to Hawaii.)
That's just one example of people who are much better off today than ten years. I know lots of others.
90% of that is personal growth.
We weren't taxed to death in the 90's.
And that's just one person, there are always winners and losers in every time period, but the fact is overall things are worse.
-
90% of that is personal growth.
We weren't taxed to death in the 90's.
And that's just one person, there are always winners and losers in every time period, but the fact is overall things are worse.
That's not true. A large percentage of that is related to his untaxed military income and his military bonus that allowed them to buy two houses, along with our surging housing market the past ten years.
I've acknowledged it's only one person. Anecdotes don't prove trends. But I know lots of people like them. I think it's accurate to say some people are worse off, and some are better off.
-
That's not true. A large percentage of that is related to his untaxed military income and his military bonus that allowed them to buy two houses, along with our surging housing market the past ten years.
I've acknowledged it's only one person. Anecdotes don't prove trends. But I know lots of people like them. I think it's accurate to say some people are worse off, and some are better off.
Yeah, but as a whole, we are worse off. no doubt. Unless of course you don't pay $4.50 at the pump, your house didn't decrease in value by 30-50%, and your country isn't 4 trillion in debt.
Other than that there are people who got money to buy a house and every thing is peachy. :)
-
Yeah, but as a whole, we are worse off. no doubt. Unless of course you don't pay $4.50 at the pump, your house didn't decrease in value by 30-50%, and your country isn't 4 trillion in debt.
Other than that there are people who got money to buy a house and every thing is peachy. :)
I do pay a lot for gas. >:( My property skyrocketed in value, but corrected itself a bit. My country is always in debt. Probably always will be.
It is indeed peachy for all the people who were able to buy and keep their homes, like my brother from another mother. :)
-
I do pay a lot for gas. >:( My property skyrocketed in value, but corrected itself a bit. My country is always in debt. Probably always will be.
It is indeed peachy for all the people who were able to buy and keep their homes, like my brother from another mother. :)
I kept my home. np.
And are we in more debt 8 years ago then now? Is our new debt a significant amount?
How about the dollar?
Is the rise in the cost of gas significant?
Nice try in spinning reality. But silly none the less.
-
I kept my home. np. (I bought it in 1998)
And are we in more debt 8 years ago then now? Is our new debt a significant amount?
How about the dollar?
Is the rise in the cost of gas significant?
Nice try in spinning reality. But silly none the less.
-
I kept my home. np.
And are we in more debt 8 years ago then now? Is our new debt a significant amount?
How about the dollar?
Is the rise in the cost of gas significant?
Nice try in spinning reality. But silly none the less.
Yes we are in more debt than 8 years ago.
Dollar is terrible.
Rise in gas prices is terrible.
Do more people own homes today than 8 years ago?
Has the value of their homes gone up today from 8 years ago?
Do people have more educational opportunities than 8 years ago?
Has income increased the past 8 years?
Do women and minorities have more opportunities today than 8 years ago? Heck, we have a Halfrican American who is on the verge of being elected president.
Have our products and services improved the past 8 years?
Has technology improved the past 8 years? (See Mars landing as one example.)
Is our military better trained today than 8 years ago?
Have we made significant advances in science and medicine the past 8 years?
Is 95 percent of the workforce employed?
Are there more jobs available today than 8 years ago?
I know the answers to most of these. :)
-
Ozmo, Hugo and everyone can see reality. Bbum wants to live in la la land looking like a stupid ass.
My post flew right over your head. Let me try again. Homes are 3-500% more
Cars are 2-300% more
Food is 3-400% more
Utility bills are 2-300% more
So if we average 300% for basic living......my 50k a year would have to be 150k to equal my standards of before. Is your wage 3 times higher than 10 yrs ago?? If not then your quality of life and worth is less.
Of course anyone can see that this wouldnt apply to college or military grads who are starting out in life.....for gawds sake... ::) this is for an established american in the workforce already at full value to his employer. 300% from that point, understand??
P.S. My actual wage is plenty for my life but it cannot be argued that the cost of living is horrendous compared to 10 yrs ago and wages are not even close.
-
Ozmo, Hugo and everyone can see reality. Bbum wants to live in la la land looking like a stupid ass.
My post flew right over your head. Let me try again. Homes are 3-500% more
Cars are 2-300% more
Food is 3-400% more
Utility bills are 2-300% more
So if we average 300% for basic living......my 50k a year would have to be 150k to equal my standards of before. Is your wage 3 times higher than 10 yrs ago?? If not then your quality of life and worth is less.
Of course anyone can see that this wouldnt apply to college or military grads who are starting out in life.....for gawds sake... ::) this is for an established american in the workforce already at full value to his employer. 300% from that point, understand??
P.S. My actual wage is plenty for my life but it cannot be argued that the cost of living is horrendous compared to 10 yrs ago and wages are not even close.
LOL. . . . You earn the same income you earned 14 years ago, your expenses exceed your income, you bought a $40k depreciating "asset" with a $50K annual income, and you have a mortgage that consumes nearly of all of your net income.
Of course you're not doing well. Sell your house, sell your car, get a bicycle, and be smarter with your money. Don't blame the government for your mistakes. ::)
-
LOL. . . . You earn the same income you earned 14 years ago, your expenses exceed your income, you bought a $40k depreciating "asset" with a $50K annual income, and you have a mortgage that consumes nearly of all of your net income.
Of course you're not doing well. Sell your house, sell your car, get a bicycle, and be smarter with your money. Don't blame the government for your mistakes. ::)
Hahahaha. You live in the twilight zone dont you.
-
Yes we are in more debt than 8 years ago.
Dollar is terrible.
Rise in gas prices is terrible.
Do more people own homes today than 8 years ago?
Has the value of their homes gone up today from 8 years ago?
Are over 2 million of them in serious danger of losing their homes?
Are many many more owing more than the home is worth?
Silly assertion BB, especially when you look at the facts.
Do people have more educational opportunities than 8 years ago?
Do they?
Because of the home value crisis and the increase cost of goods becuase of gas and including the cost of gas can people still afford education the same way when prices were cheaper?
Another silly assertion, BB.
Has income increased the past 8 years?
Has it increased enough to cover the squeeze $4.50 a gallon that's being put on the middle class?
another silly assertion, BB
And who's income are you talking about? Yours? Careful not to live in a bubble BB.
Do women and minorities have more opportunities today than 8 years ago? Heck, we have a Halfrican American who is on the verge of being elected president.
Are you confusing the fact an half black half white person just won the dem nomination with the increased or decreased or maintained opportunities of women and minorities?
another silly assertion, BB
Have our products and services improved the past 8 years?
Have they ? Health insurance stinks. I just went through hoop after hoop getting my daughter health care. Compared to 8 years ago it's night and day.
another silly assertion, BB
Has technology improved the past 8 years? (See Mars landing as one example.)
And the mars landing has something to do with the quality of our life now versus 8 years ago?
Sorry, i have too now: ::)
Is our military better trained today than 8 years ago?
YES we agree! However it is at the cost of 4000 US lives, 20,000 wounded, 50,000 - 100,000 dead Iraqis and 4 trillion in debt.
But are better trained. Tell that to a war widow.
Is 95 percent of the workforce employed?
no.
94.5% are. but like you suggested, .5% of these people are insignificant.
Tell that to the families who will go without beucase of BUSH outsourcing and sh1tty economic policies.
and yes we advanced in medicine. If that could get inflation down then it an even better thing, but since it won't it a moot point becuase that kind of advancement is a given.
-
Are over 2 million of them in serious danger of losing their homes?
Are many many more owing more than the home is worth?
Silly assertion BB, especially when you look at the facts.
Do they?
Because of the home value crisis and the increase cost of goods becuase of gas and including the cost of gas can people still afford education the same way when prices were cheaper?
Another silly assertion, BB.
Has it increased enough to cover the squeeze $4.50 a gallon that's being put on the middle class?
another silly assertion, BB
And who's income are you talking about? Yours? Careful not to live in a bubble BB.
Are you confusing the fact an half black half white person just won the dem nomination with the increased or decreased or maintained opportunities of women and minorities?
another silly assertion, BB
Have they ? Health insurance stinks. I just went through hoop after hoop getting my daughter health care. Compared to 8 years ago it's night and day.
another silly assertion, BB
And the mars landing has something to do with the quality of our life now versus 8 years ago?
Sorry, i have too now: ::)
YES we agree! However it is at the cost of 4000 US lives, 20,000 wounded, 50,000 - 100,000 dead Iraqis and 4 trillion in debt.
But are better trained. Tell that to a war widow.
no.
94.5% are. but like you suggested, .5% of these people are insignificant.
Tell that to the families who will go without beucase of BUSH outsourcing and sh1tty economic policies.
and yes we advanced in medicine. If that could get inflation down then it an even better thing, but since it won't it a moot point becuase that kind of advancement is a given.
Oh brother. You are so caught up in this Bush hatred that you can't even acknowledge any of the good things that have happened in this country the past 8 or 10 years.
We all know there is a foreclosure crisis. But I'd be willing to wager the number of new homeowners, less those in foreclosure, has significantly increased the past 8 to 10 years. You obviously disagree. I think that disagreement is based on blind Bush hatred.
I would be willing to wager that the value of the homes in most major markets that people purchased and/or owned 8 or 10 years ago, and have maintained, has increased in value. You obviously disagree. I think that disagreement is based on blind Bush hatred.
I wouldn't wager on this, but I believe we likely have more college and trade school graduates today than we did 8 or 10 years ago.
I was not talking about my income, but my income and assets do increase every year, just like a lot of people.
If you can't see Obama's nomination, with Hillary a close second, as evidence of how much we have progressed in this country, then that again is blind Bush hatred. There are also probably more minority owned business, more minorities who have risen up the ranks, more women who have broken through the glass ceiling than 8 or 10 years ago.
Health insurance does not stink for everyone, but that's only one service. Goods and services are always improving. If you can't acknowledge that fact then you are blinded by Bush hatred.
Yes, I clearly said our lives are better because of the Mars landing. Nice try Ozmo. I said "Has technology improved the past 8 years? (See Mars landing as one example.)" If you don't believe technology has improved and that this doesn't improve our lives then you are blinded by Bush hatred.
Where exactly did I say ".5% of these people are insignificant"? Quote me. I said there are two ways to look at unemployment: one is to say it increased by 1 percent; another is to say 95 percent of the workforce is employed. I haven’t checked, but I wonder if the total number of jobs created has increased the past 8 to 10 years?
In any event, if someone wants to have a doom and gloom attitude about the state of the country to justify Bush hatred, then there really isn't anything you can say to dissuade them. I for one admit we have problems, but I also recognize lots of great things in the country.
-
Why wouldnt we hate bush. I cant think of anyreason to like him. Destroyed america for personal and corporate gain. History will come down hard on him, and he deserves it all.
-
Oh brother. You are so caught up in this Bush hatred that you can't even acknowledge any of the good things that have happened in this country the past 8 or 10 years.
We all know there is a foreclosure crisis. But I'd be willing to wager the number of new homeowners, less those in foreclosure, has significantly increased the past 8 to 10 years. You obviously disagree. I think that disagreement is based on blind Bush hatred.
I would be willing to wager that the value of the homes in most major markets that people purchased and/or owned 8 or 10 years ago, and have maintained, has increased in value. You obviously disagree. I think that disagreement is based on blind Bush hatred.
So becuase I'm pointing out the obvious it gets labeled as "BUSH hatred"?
Simple fact: There are more people filling BK's, more people in foreclosers and MORE people whose homes are worth less than they owe.
So to say homeowner rates are higher is true until you qualify that statement with reality. Reality is a place we all have to live. :)
I wouldn't wager on this, but I believe we likely have more college and trade school graduates today than we did 8 or 10 years ago.
So then you don't know.
I was not talking about my income, but my income and assets do increase every year, just like a lot of people.
Incomes nearly always increase. That's a given. It's the value of things versus the income that determines if they really do increase. Being that inflation in things like gas, rents, and household goods have increased significantly, the increased income is negated. Like i said earlier, if i was making the same relative income as i do now, back eight years ago, I'd be better off, because i don't have to pay an outrageous price for gas and household goods that results from high gas prices.
to simply state "Income has increased" is very uninformed.
If you can't see Obama's nomination, with Hillary a close second, as evidence of how much we have progressed in this country, then that again is blind Bush hatred. There are also probably more minority owned business, more minorities who have risen up the ranks, more women who have broken through the glass ceiling than 8 or 10 years ago.
I'll give you that, in the minorities and women area. (I'll consult my feminist friend who might disagree and show where you might be living in fantasy land again) And hillary and Obama are not a result of that. they are a result of BUSH.
Health insurance does not stink for everyone, but that's only one service. Goods and services are always improving. If you can't acknowledge that fact then you are blinded by Bush hatred.
Health insurance is the issue, becuase goods and services mean nothing if you are sick and in poor health with out good care.
Again, goods and services are improving but becuase of out sourcing, inflaiton, high gas prices etc... People cannot take advantage like they used to 8 years ago.
Yes, I clearly said our lives are better because of the Mars landing. Nice try Ozmo. I said "Has technology improved the past 8 years? (See Mars landing as one example.)" If you don't believe technology has improved and that this doesn't improve our lives then you are blinded by Bush hatred.
No, your example was ridiculous. that's what i was commenting on. Again technology increases are a given. but if you can;t advantage of those increases becuase yor house payment is killing you and you spend most of your extra money filling you tank, what difference does it make?
Where exactly did I say ".5% of these people are insignificant"? Quote me. I said there are two ways to look at unemployment: one is to say it increased by 1 percent; another is to say 95 percent of the workforce is employed. I haven’t checked, but I wonder if the total number of jobs created has increased the past 8 to 10 years?
Regarding unemployment, one way to look at it is the national unemployment rate rose about 1 percent. Another is to say 95 percent of the workforce is employed. Hardly the apocalypse.
yes, you didn't say insignificant. You said hardly the Apocalypse's. Same difference. IMO.
In any event, if someone wants to have a doom and gloom attitude about the state of the country to justify Bush hatred, then there really isn't anything you can say to dissuade them. I for one admit we have problems, but I also recognize lots of great things in the country.
It's doom and gloom, It's reality. We were better off, overall eight years ago.
-
So becuase I'm pointing out the obvious it gets labeled as "BUSH hatred"?
Simple fact: There are more people filling BK's, more people in foreclosers and MORE people whose homes are worth less than they owe.
So to say homeowner rates are higher is true until you qualify that statement with reality. Reality is a place we all have to live. :)
So then you don't know.
Incomes nearly always increase. That's a given. It's the value of things versus the income that determines if they really do increase. Being that inflation in things like gas, rents, and household goods have increased significantly, the increased income is negated. Like i said earlier, if i was making the same relative income as i do now, back eight years ago, I'd be better off, because i don't have to pay an outrageous price for gas and household goods that results from high gas prices.
to simply state "Income has increased" is very uninformed.
I'll give you that, in the minorities and women area. (I'll consult my feminist friend who might disagree and show where you might be living in fantasy land again) And hillary and Obama are not a result of that. they are a result of BUSH.
Health insurance is the issue, becuase goods and services mean nothing if you are sick and in poor health with out good care.
Again, goods and services are improving but becuase of out sourcing, inflaiton, high gas prices etc... People cannot take advantage like they used to 8 years ago.
No, your example was ridiculous. that's what i was commenting on. Again technology increases are a given. but if you can;t advantage of those increases becuase yor house payment is killing you and you spend most of your extra money filling you tank, what difference does it make?
yes, you didn't say insignificant. You said hardly the Apocalypse's. Same difference. IMO.
In any event, if someone wants to have a doom and gloom attitude about the state of the country to justify Bush hatred, then there really isn't anything you can say to dissuade them. I for one admit we have problems, but I also recognize lots of great things in the country.
It's doom and gloom, It's reality. We were better off, overall eight years ago.
I see. So any success, progress, advances, improvements, etc. we've seen the past 8 or 10 years are a "given"
You're not pointing out simple facts. You're making a blanket statement (we are worse off today than 8 or 10 years ago) and dismissing obvious signs of progress.
I'm not saying everything is just fine. I've said a number of times I'm very concerned about things like the war, gas prices, and the foreclosure crisis. I simply disagree with your blanket statement and your attempt to downplay all of our country's success.
What is actually uninformed is to say increased home ownership overall must be discounted because foreclosures have increased. Anytime someone loses a home it is unfortunate, but if at the end of the day there are millions of new home owners, I don't know how you can't consider that a good thing. Unless you simply want to ignore it.
Of course we have to factor in inflation, the cost of doing business, etc., but all you've done is made an assumption that everyone whose income increased has been eaten up by those things.
Yes, go talk to your feminist friend and rely on her word to make a broad brush statement about the whole country. It's not like you didn't discount my little personal stories. :)
Your attempt to completely discount technological advancements is silly. I can't believe you would say that no one can take advantage of them because of an ARM or increased gas prices. Talk about an overstatement.
No, I did not say the loss of any job is insignificant. I don't care what kind of spin you want to put on my comments, but you should at least qualify statements that you attribute to me. I'd say it's significant that most of the workforce is employed and that probably many new jobs have been and continue to be created. (You probably consider that a "given.")
It is not doom and gloom for everyone. That's just factually inaccurate. There is no denying that we are having problems. I was on Maui last week and Kauai the week before and I did notice a significant drop off in airport traffic. One of the guys on Maui told me people are getting laid off and it's all related to fuel prices. So yes, for a lot of people, things are pretty bad right now.
But for a lot of people, things are very good too. To deny this is to ignore reality.
-
If you were to talk to any random person in the usa and ask them if they were better off 10 yrs ago....mostly all would agree that they were. People feel less secure for alot of reasons. I dont think BBum is a real person.....has to be a gimmick.
-
5.0 to 5.5% = 618,000 jobs lost in May.
NT
-
5.0 to 5.5% = 618,000 jobs lost in May.
NT
That's a huge number (if accurate). Some of that is related several airlines and stores shutting down the past few months.
How many new jobs were created during the same period?
-
I see. So any success, progress, advances, improvements, etc. we've seen the past 8 or 10 years are a "given"
You're not pointing out simple facts. You're making a blanket statement (we are worse off today than 8 or 10 years ago) and dismissing obvious signs of progress.
You don't get it.
If these are the worse of times there are still examples of progress. I'm not dismissing, I'm telling you that the obvious issues such as gas, unemployment, home values, inflation, world standing, etc... Define the situation we are in now as worse than 8-10 years ago.
the things you bring up are the given. Such as technological progress, increasing income etc...
Your arguments could apply in ww2.
That's why they are not consequential.
What is actually uninformed is to say increased home ownership overall must be discounted because foreclosures have increased. Anytime someone loses a home it is unfortunate, but if at the end of the day there are millions of new home owners, I don't know how you can't consider that a good thing. Unless you simply want to ignore it.
I've address it every step of the way. what you fail to address the reality behind the numbers. It's as if you are hiding your head in the sand.
People's homes, most of the people who were able to buy homes that you are counting as "homeowners" Owe more then they are worth. That's BAD. And many, 2 million plus many, are in forecloser with no way out. That wasn't the case 8-10 years ago. Get it now?
SO on the surface, it looks peachy, but take one bite and it's rotten.
Of course we have to factor in inflation, the cost of doing business, etc., but all you've done is made an assumption that everyone whose income increased has been eaten up by those things.
No of course not. But the fact remains the money doesn't hold the same value when inflation is factored with gas driving inflation.
Yes, go talk to your feminist friend and rely on her word to make a broad brush statement about the whole country. It's not like you didn't discount my little personal stories.
No, i'd accept only facts (studies, stats etc.) not opinion or someone's cherry assessment of things based on personal stories. Personally, i'm 10 times better off than i was 8-10 years ago. But this country as a whole isn't. and that's what this is about.
Your attempt to completely discount technological advancements is silly. I can't believe you would say that no one can take advantage of them because of an ARM or increased gas prices. Talk about an overstatement.
I'm willing to bet flat screen sales are down. Guess what? My Brother is a manger at Sharper Image. Guess what they just did?
No, I did not say the loss of any job is insignificant. I don't care what kind of spin you want to put on my comments, but you should at least qualify statements that you attribute to me. I'd say it's significant that most of the workforce is employed and that probably many new jobs have been and continue to be created. (You probably consider that a "given.")
You said 600K+ people losing their jobs isn't apocalyptic. the statement speaks for it's self.
It is not doom and gloom for everyone. That's just factually inaccurate. There is no denying that we are having problems. I was on Maui last week and Kauai the week before and I did notice a significant drop off in airport traffic. One of the guys on Maui told me people are getting laid off and it's all related to fuel prices. So yes, for a lot of people, things are pretty bad right now.
But for a lot of people, things are very good too. To deny this is to ignore reality.
did i ever say it was? If i did, i miss-typed. :) But the fact remains things are worse then they were 8 years ago......OVERALL ;)
PS: i know i did acknowledge there are always winners and losers. Perhaps you missed that.
-
That's a huge number (if accurate). Some of that is related several airlines and stores shutting down the past few months.
How many new jobs were created during the same period?
Health care (34,000), bars and restaurants (11,000), and government added 17,000 jobs.
NT
-
You don't get it.
If these are the worse of times there are still examples of progress. I'm not dismissing, I'm telling you that the obvious issues such as gas, unemployment, home values, inflation, world standing, etc... Define the situation we are in now as worse than 8-10 years ago.
the things you bring up are the given. Such as technological progress, increasing income etc...
Your arguments could apply in ww2.
That's why they are not consequential.
I've address it every step of the way. what you fail to address the reality behind the numbers. It's as if you are hiding your head in the sand.
People's homes, most of the people who were able to buy homes that you are counting as "homeowners" Owe more then they are worth. That's BAD. And many, 2 million plus many, are in forecloser with no way out. That wasn't the case 8-10 years ago. Get it now?
SO on the surface, it looks peachy, but take one bite and it's rotten.
No of course not. But the fact remains the money doesn't hold the same value when inflation is factored with gas driving inflation.
No, i'd accept only facts (studies, stats etc.) not opinion or someone's cherry assessment of things based on personal stories. Personally, i'm 10 times better off than i was 8-10 years ago. But this country as a whole isn't. and that's what this is about.
I'm willing to bet flat screen sales are down. Guess what? My Brother is a manger at Sharper Image. Guess what they just did?
You said 600K+ people losing their jobs isn't apocalyptic. the statement speaks for it's self.
did i ever say it was? If i did, i miss-typed. :) But the fact remains things are worse then they were 8 years ago......OVERALL ;)
PS: i know i did acknowledge there are always winners and losers. Perhaps you missed that.
You don't get it.
Times are worse for some people and better for some people. To make the blanket statement that it's worse for everyone is an overstatement.
Here is one example of your many overstatements: "most of the people who were able to buy homes that you are counting as 'homeowners' Owe more then they are worth." I suspect there are probably close to ten million new home owners during the past 8 to 10 years. If you are saying the majority of them are upside down, I say prove it. I would be very surprised if that was the case. Even if that were true, that's not all bad.
For people who have lost their home, times are bad. People who are upside down are fine, unless they want to sell or borrow. Property values always go up over the long haul in many areas. Except for my friend who owns a money pit in Oklahoma. :)
The people whose home values have remained steady or increased, of which there are many, are fine. So no, it's not accurate to say the country as a whole is worse off and point to homeowners as proof, when millions of them are better off today than 8 or 10 years ago.
Things are peachy for some. Okay for some. Bad for some.
Sharper Image shut down. Comp USA in Hawaii recently shut down. Aloha Airlines recently went under. Molokai Ranch is done. That's terrible. On the other hand, Whole Foods just opened up a couple stores. Walgreens is opening stores around Hawaii, right next to Longs. :) New businesses are starting all the time. There are two sides to the coin. I'm looking at both. You're not.
But we're starting to repeat ourselves. . . .
-
Health care (34,000), bars and restaurants (11,000), and government added 17,000 jobs.
NT
That's it?
-
You don't get it.
Times are worse for some people and better for some people. To make the blanket statement that it's worse for everyone is an overstatement.
Here is one example of your many overstatements: "most of the people who were able to buy homes that you are counting as 'homeowners' Owe more then they are worth." I suspect there are probably close to ten million new home owners during the past 8 to 10 years. If you are saying the majority of them are upside down, I say prove it. I would be very surprised if that was the case. Even if that were true, that's not all bad.
For people who have lost their home, times are bad. People who are upside down are fine, unless they want to sell or borrow. Property values always go up over the long haul in many areas. Except for my friend who owns a money pit in Oklahoma. :)
The people whose home values have remained steady or increased, of which there are many, are fine. So no, it's not accurate to say the country as a whole is worse off and point to homeowners as proof, when millions of them are better off today than 8 or 10 years ago.
Things are peachy for some. Okay for some. Bad for some.
Sharper Image shut down. Comp USA in Hawaii recently shut down. Aloha Airlines recently went under. Molokai Ranch is done. That's terrible. On the other hand, Whole Foods just opened up a couple stores. Walgreens is opening stores around Hawaii, right next to Longs. :) New businesses are starting all the time. There are two sides to the coin. I'm looking at both. You're not.
But we're starting to repeat ourselves. . . .
when have i ever said it was worse for everyone?
That's impossible. Again, there will always be winners and losers, but OVERALL it's worse.
Here is one example of your many overstatements: "most of the people who were able to buy homes that you are counting as 'homeowners' Owe more then they are worth." I suspect there are probably close to ten million new home owners during the past 8 to 10 years. If you are saying the majority of them are upside down, I say prove it. I would be very surprised if that was the case. Even if that were true, that's not all bad.
do you watch the news?
Do you see that housing prices have dumped? Homes aren't worth what they were bought for 4 years ago. Some cases 8-10 years ago.
Yes, 10 million isn't apocatlypic either right?
My friends home was worth 700k just 2 years ago. they sold it for 330K 6 months ago. It's happening all over.
Good thing is, if you could call it that, is that they bought the house when it was 120K
But the point remains, if property value was up then i'd have nothing to say. But it isn't and 8-10 years it was up. now it's not. Therefore it's worse.
If you don't get that, not much more i can say.
Sharper Image shut down. Comp USA in Hawaii recently shut down. Aloha Airlines recently went under. Molokai Ranch is done. That's terrible. On the other hand, Whole Foods just opened up a couple stores. Walgreens is opening stores around Hawaii, right next to Longs. New businesses are starting all the time. There are two sides to the coin. I'm looking at both. You're not.
You are comparing food and drug stores to consumer electronic stores/Airlines? Do you know the difference and what it means when one shuts down and the another opens?
One shutting down is indicative of harder times because aren't spending extra money, while another opening up is indicative of greater demand for food.
Monster over comparison i guess.
-
when have i ever said it was worse for everyone?
That's impossible. Again, there will always be winners and losers, but OVERALL it's worse.
do you watch the news?
Do you see that housing prices have dumped? Homes aren't worth what they were bought for 4 years ago. Some cases 8-10 years ago.
Yes, 10 million isn't apocatlypic either right?
My friends home was worth 700k just 2 years ago. they sold it for 330K 6 months ago. It's happening all over.
Good thing is, if you could call it that, is that they bought the house when it was 120K
But the point remains, if property value was up then i'd have nothing to say. But it isn't and 8-10 years it was up. now it's not. Therefore it's worse.
If you don't get that, not much more i can say.
You are comparing food and drug stores to consumer electronic stores/Airlines? Do you know the difference and what it means when one shuts down and the another opens?
One shutting down is indicative of harder times because aren't spending extra money, while another opening up is indicative of greater demand for food.
Monster over comparison i guess.
I do better than watch the news. I talk to people on the ground. I was in Atlanta recently and talked to some people there about the foreclosure crisis. People in the industry said it's the worst they have ever seen. I’ve talked to people in various parts of the country and they say the same thing. That part of the economy/country (those going through foreclosure) is bad.
The millions who are not are okay. But you believe the majority of them are upside down. Again I say prove it.
So your friend bought house, sold it, and made $210,000 on the sale and you’re citing that as a bad thing? Okaaay. Sounds like the $700k property value was inflated to begin with. We've seen the same thing happen here. Inflated property values all over the place. I could care less about them, because I'm not selling anytime soon. That is true for millions of homeowners.
Are you kidding? Businesses shut down for a variety of reasons. You obviously don't know the details of the closures I referenced. Aloha Airlines was driven out of business largely because of the entry of Mesa and Pacific Wings airlines. They came in and dropped inter-island fares to $18. That's down from a high over $100. One way. Aloha and Hawaiian immediately dropped their fares. Aloha couldn't keep up and filed bankruptcy, before the gas prices skyrocketed. They came out of bankruptcy and couldn't survive.
I'm not sure why Comp USA couldn't make it. Molokai Ranch shutting down had nothing to do with the recent gas prices.
Walgreens is not a food store. They're as much a goods store as Comp USA. There was no demand for Walgreens. They simply saw an opportunity and are coming in to compete. Great for consumers. I like the moxie of opening right next to Longs too. Point being there are new businesses opening and closing all the time. (But you only want to talk about those that shut down to prove a point.)
-
::) http://www.helpusell.com/
-
I do better than watch the news. I talk to people on the ground.
Man, you sound like a fat douchebag. You really do. I can see your GED-owning, obese, 38-year old ass bragging to your other non-serving friend "I talked to people on the ground, man. I'm in the trenches, man. I know what they're feeling, bro.
-
Man, you sound like a fat douchebag. You really do. I can see your GED-owning, obese, 38-year old ass bragging to your other non-serving friend "I talked to people on the ground, man. I'm in the trenches, man. I know what they're feeling, bro.
lol. I guess that's better than looking like a 160 pound sissy. ;D If I was as skinny as you I'd keep my pictures to myself. lol.
So which killer will you be impersonating next?
-
Who cares about these people?
Hundreds of thousands of jobs lost, families affected, businesses crashing in those areas, parents worried to death about how they will care for their children, the tanked economy getting more strained as lost income tax revenue, more people applying for welfare etc.
It's the important matters that count - invading nations. That is all that matters. Off to Iran!
-
I do better than watch the news. I talk to people on the ground. I was in Atlanta recently and talked to some people there about the foreclosure crisis. People in the industry said it's the worse they have ever seen. I’ve talked to people in various parts of the country and they say the same thing. That part of the economy/country (those going through foreclosure) is bad.
WOW, yet you think things are better now than 8-10 years ago.
How about you prove the millions of people who bought a house in the last 2-4 years aren't upside down. In the mean time prove there hasn't been a decrease in home prices and that every news station is full of sh1t, including real-estate experts, economists, etc...
So your friend bought house, sold it, and made $210,000 on the sale and you’re citing that as a bad thing? Okaaay. Sounds like the $700k property value was inflated to begin with. We've seen the same thing happen here. Inflated property values all over the place. I could care less about them, because I'm not selling anytime soon. That is true for millions of homeowners.
Yes, it's a bad thing. The house was worth that in 1996. When things were better. And it wasn't an inflated value, if knew anything about california real-estate, which is surprising for you living in Hawaii where in 2000 1400 square foot houses where selling for 400k in Wikilili.
Are you kidding? Businesses shut down for a variety of reasons. You obviously don't know the details of the closures I referenced. Aloha Airlines was driven out of business largely because of the entry of Mesa and Pacific Wings airlines. They came in and dropped inter-island fares to $18. That's down from a high over $100. One way. Aloha and Hawaiian immediately dropped their fares. Aloha couldn't keep up and filed bankruptcy, before the gas prices skyrocketed. They came out of bankruptcy and couldn't survive.
I'm not sure why Comp USA couldn't make it. Molokai Ranch shutting down had nothing to do with the recent gas prices.
Walgreens is not a food store. They're as much a goods store as Comp USA. There was no demand for Walgreens. They simply saw an opportunity and are coming in to compete. Great for consumers. I like the moxie of opening right next to Longs too. Point being there are new businesses opening and closing all the time. (But you only want to talk about those that shut down to prove a point.)
You brought those up i didn't. I simply made a point that said big screen TV's sales are down and sharper image filed for BK and looks to be shutting down. The reasons sited to the management was poor sales.
Walgreens is like an ABC store anyway, same difference as a food store.