That's why I wrote "if" there's is.

Still think it's under control.   Inflation decreased from last month I think.

is that sentence in English?

That's why I wrote "if" there's is.   

Still think feel it's under control.   Inflation decreased from last month I think feel.

FIFY

FIFY

Not feel,  there has been articles on the issue.  I believe in the government and the banks.

Folks please don't talk him down, fastest way to red pill an idiot liberal is to have them own things and carry debt during a Dem controlled economy.

Bernie Bros can't balance a checkbook even with a phone app

Folks please don't talk him down, fastest way to red pill an idiot liberal is to have them own things and carry debt during a Dem controlled economy.

Bernie Bros can't balance a checkbook even with a phone app

I own things and carry debt,  I am doing perfectly fine.  Its not some doom and gloom.  Just like flapp is wrong, you are wrong too.  Biden is not a socialist.  Bernie is a socialist.  Two different mindsets. 

I just got a mortgage.  I disagree with you.  Your mortgage remains static, this is the largest chunk of your bill.  Its 90% of my total payment.  I don’t have mortgage insurance or anything like that.  Home insurance is cheap, property taxes would increase.  But not enough to matter to me. 
Like you said your salary would keep up with the raising inflation.  Since 90% of what you pay on your house is static, you would gain more than you lose.  IDK how you get taxed that high that 80% of your check goes to taxes...might want to speak with an accountant.  I pay around 30% effective tax rate.  Which means on $200 raise I would net $140.

Let me know when your MORTGAGE company sends you your first escrow statement asking for more money.  Your little semantics game won't matter if it's Principle and Interest vs. Taxes and Insurance.  It's still your MORTGAGE PAYMENT.

I never said mortgage insurance.  You are required to have property insurance.  It's collected as part of your MORTGAGE PAYMENT and held in escrow until the insurance and tax payments are paid.

I never said your salary would "keep up with inflation."  I said the government bases their cost of living increases on inflation.  That in NO WAY guarantees you will get an increase that matches the projected inflation rate.  They will use the current rate -- usually a fraction of it.  You'll always be playing catch-up if your increases were based on last year's inflation rate assuming the future rate is the same or higher.  Month-by-month, your paycheck gets smaller until that annual increase.  Then the government gives you a small bump that would hopefully match last year's loss of earnings.  But, if the rate increases THIS YEAR, you're again paying for goods and services with LAST YEAR'S COL increase.  It never catches up, especially if the true inflation rate always exceeds the one your pay increase was based on.

Again, Mr. Simpleton can't do reality.

As for 90% of your mortgage remaining static, that assumes you never need to refinance for any reason -- use the equity for a large expenditure or pay off higher interest debts, and so on.  The main reason people buy instead of rent is to take advantage of equity income as house prices rise.  Higher interest rates affect the amount of equity you can afford to borrow against that property.

Your "locked-in rates" doesn't hold water in the really real world.  Do you have a condo?  What do you do if the association fees go so high you can't, or won't, afford them?  Move?  There goes your locked-in rate.  You're now having to get a new mortgage at the inflated interest rates. 

 

I am doing perfectly fine.

But, can't afford an EV unless someone else "funds you."

Fine, but not fine enough?

Biden is not a socialist.  Bernie is a socialist.  Two different mindsets.

Explain that. 

I guess proofreading is a lost art on the Millennials.

Let me know when your MORTGAGE company sends you your first escrow statement asking for more money.  Your little semantics game won't matter if it's Principle and Interest vs. Taxes and Insurance.  It's still your MORTGAGE PAYMENT.

I never said mortgage insurance.  You are required to have property insurance.  It's collected as part of your MORTGAGE PAYMENT and held in escrow until the insurance and tax payments are paid.

I never said your salary would "keep up with inflation."  I said the government bases their cost of living increases on inflation.  That in NO WAY guarantees you will get an increase that matches the projected inflation rate.  They will use the current rate -- usually a fraction of it.  You'll always be playing catch-up if your increases were based on last year's inflation rate assuming the future rate is even higher.  Month-by-month, your paycheck gets smaller until that annual increase.  Then the government give you a small bump that would hopefully match last year's loss of earnings.  But, if the rate increases THIS YEAR, you're again paying for goods and services with LAST YEAR'S COL increase.  It never catches up, especially if the true inflation rate always exceeds the one your pay increase was based on.

Again, Mr. Simpleton can't do reality.

As for 90% of your mortgage remaining static, that assumes you never need to refinance for any reason -- use the equity for a large expenditure or pay off higher interest debts, and so on.  The main reason people buy instead of rent is to take advantage of equity income as house prices rise.  Higher interest rates affect the amount of equity you can afford to borrow against that property.

Your "locked-in rates" doesn't hold water in the really real world.  Do you have a condo?  What do you do if the association fees go so high you can't, or won't, afford them?  Move?  There goes your locked-in rate.  You're now having to get a new mortgage at the inflated interest rates. 

 

You can opt out of having your mortgage pay your property taxes, but I digress.  You are still in a better position with inflation.  The whole point of inflation is everything scales.  But since your mortgage is locked it doesn't.  Thats how you can come out ahead.  If you bought a car for 50k and next year its costs 60k.  Congrats you saved money.  There's no retro.

I have no interest in borrowing against equity.  But if I did,  that would scale too.  Since the rising worth of my property offsets it.

My mortgage interest rate is 2.75%.  Utterly wonderful, I will be paying that for the next 30 years.  No matter how high inflation goes.

Doesnt econ101. We covered this many times already.

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You can opt out of having your mortgage pay your property taxes, but I digress.  You are still in a better position with inflation.  The whole point of inflation is everything scales.  But since your mortgage is locked it doesn't.  Thats how you can come out ahead.  If you bought a car for 50k and next year its costs 60k.  Congrats you saved money.  There's no retro.

I have no interest in borrowing against equity.  But if I did,  that would scale too.  Since the rising worth of my property offsets it.

My mortgage interest rate is 2.75%.  Utterly wonderful, I will be paying that for the next 30 years.  No matter how high inflation goes.

So stupid.  Never had to live though the 70s with double-digit inflation.

Salaries are the LAST thing to rise after inflation has taken root.  Small businesses employ the most workers.  If the prices they pay for product goes up, and they still have to compete with bigger national chains, you really think they can afford to give their employees the inflation-based increase in pay you think will magically just happen?

People will be laid off.  The taxes paid my the businesses will go up as a percentage of inflation-caused higher prices, and customers who were willing and able to pay for the products may no longer be able to pay because they haven't seen a pay raise in years.

Inflation is bad,  Whoever taught you otherwise was a fool.

Why do you folks even bother? 

Why do you folks even bother?

Thats why i stayed out as much as possible. Omni has the answers for everything. He should run for president when he gets older.

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Thats why i stayed out as much as possible. Omni has the answers for everything. He should run for president when he gets older.

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I can understand why Mr. Tore-rrettes does.  Others?  Uh.  Maybe like a chew toy?  No matter how nasty it gets, they still go at it. . .

Why do you folks even bother?

Sometimes you just have to slap the idiots even when you know they are incapable of learning.

More therapeutic than remedial.

Sometimes you just have to slap the idiots even when you know they are incapable of learning.

More therapeutic than remedial.

Oooh.  Remedial. . . that's something that ought to resonate with some here. . . 

So stupid.  Never had to live though the 70s with double-digit inflation.

Salaries are the LAST thing to rise after inflation has taken root.  Small businesses employ the most workers.  If the prices they pay for product goes up, and they still have to compete with bigger national chains, you really think they can afford to give their employees the inflation-based increase in pay you think will magically just happen?

People will be laid off.  The taxes paid my the businesses will go up as a percentage of inflation-caused higher prices, and customers who were willing and able to pay for the products may no longer be able to pay because they haven't seen a pay raise in years.

Inflation is bad,  Whoever taught you otherwise was a fool.

#flappisneverwrong
#goalpostmoving
#somethingaboutaf16

So you don't disagree mortgage with fixed rates protect you from inflation and you can even prosper.   

Not really.   If there is inflation having fixed intrest debt is amazing.  I would purchase the most expensive house you can afford.  Your mortgage payments won't go up but your salary will cause of the inflation.

Never said inflation was good for everyone overall.  Just that you can take advantage of it. 

This thread is starting to smell like pathological lying again.

This thread is starting to smell like pathological lying again.

If someone truly believes everything they feel/think/say is true, are they a liar? 

If a tree falls on said liar's head in the forest, will macsak still respond to them? 

 

 

If someone truly believes everything they feel/think/say is true, are they a liar? 

If a tree falls on said liar's head in the forest, will macsak still respond to them? 

 

 

If a goal post moves from one ridiculous position to another ridiculous position,

did it ever really move at all?

 

If a goal post moves from one ridiculous position to another ridiculous position,

did it ever really move at all?

 

If a heavy enough tree fell on it, would it still move?