General Economic chit chat/updates.
I don’t know that taking money from people who saved is an answer though. It would be a bit too much regulation for my tastes but limiting the number of homes people/companies can own and not selling our houses to non citizens would maybe be a help for prices. Like not having Chinese corporations and government buying property in NA seems beneficial to all but the Chinese corporations and government.
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I said tax them at the same rate you’re taxing younger generations (where they are currently getting huge tax breaks) since they can afford it and let the younger generations get a break since they clearly can’t keep up with the current cost structure. Vs letting the olds reap all the benefits of simply being “born” in a different year.D Griff wrote: ↑Tue Apr 30, 2024 6:13 pm I don’t know that taking money from people who saved is an answer though. It would be a bit too much regulation for my tastes but limiting the number of homes people/companies can own and not selling our houses to non citizens would maybe be a help for prices. Like not having Chinese corporations and government buying property in NA seems beneficial to all but the Chinese corporations and government.
Another example, why can’t a 30 year old dude get a major 401k contribution to reduce his taxes. Vs a 50 year old who gets that enormous benefit while being in a higher wealth and tax bracket
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Another example a boomer born in 1960 and retiring in 2025 is slated to receive $2885 in social security ... me at the same age in 26 years is slated to receive $3800.
I will be getting about 34% more than the boomer. The buying power of a $1000 26 years ago... is $1925 today. Meaning in order for me to receive the SAME buying power in social security I'd need $5553 in 2051. Yet here we are... another enormous shortfall... I am taxed every year on this shit and yet I am NOT getting the same benefit.
I will be getting about 34% more than the boomer. The buying power of a $1000 26 years ago... is $1925 today. Meaning in order for me to receive the SAME buying power in social security I'd need $5553 in 2051. Yet here we are... another enormous shortfall... I am taxed every year on this shit and yet I am NOT getting the same benefit.
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I wish I could opt out FDRs failed experiment of social security!max225 wrote: ↑Tue Apr 30, 2024 6:48 pm Another example a boomer born in 1960 and retiring in 2025 is slated to receive $2885 in social security ... me at the same age in 26 years is slated to receive $3800.
I will be getting about 34% more than the boomer. The buying power of a $1000 26 years ago... is $1925 today. Meaning in order for me to receive the SAME buying power in social security I'd need $5553 in 2051. Yet here we are... another enormous shortfall... I am taxed every year on this shit and yet I am NOT getting the same benefit.
The governshit shouldn’t be forcing you into a savings/retirement account they mismanage for you. It’s fucking bullshit.
Looks like to change it, I’m going to have to run!
Howard 2028.
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You think? Max's philosophy is that sometime in the "olden days" people got wonderful jobs at age 25, then took a 15? That is quite the optimistic view of American finances. Where are the Trans Ams? Where are the Jet Skis? Where are the divorces?D Griff wrote: ↑Tue Apr 30, 2024 6:09 pm Anecdote of one I know… But my parents have yet to have a paid off home and they’ve had two houses, the first was sold. They did rent it out to my sister for a long time on the cheap because she had a kid in high school and life didn’t go so great. Now she had to move to bumfuck to afford rent because my parents had to sell the house to afford retirement.
I don’t really feel like having a mortgage payment at 40 is out of the norm, I would bet most people’s parents on here were also paying house notes throughout kid raising.
I would willingly write off everything I’ve paid so far if I could just opt out now. It’s tricky though as certain dumb asses kinda should be forced into it. But they will be living on the taxpayers dime either way as olds, so still may as well just abolish.J-Ho-Fo-Show69 wrote: ↑Tue Apr 30, 2024 8:11 pmI wish I could opt out FDRs failed experiment of social security!max225 wrote: ↑Tue Apr 30, 2024 6:48 pm Another example a boomer born in 1960 and retiring in 2025 is slated to receive $2885 in social security ... me at the same age in 26 years is slated to receive $3800.
I will be getting about 34% more than the boomer. The buying power of a $1000 26 years ago... is $1925 today. Meaning in order for me to receive the SAME buying power in social security I'd need $5553 in 2051. Yet here we are... another enormous shortfall... I am taxed every year on this shit and yet I am NOT getting the same benefit.
The governshit shouldn’t be forcing you into a savings/retirement account they mismanage for you. It’s fucking bullshit.
Looks like to change it, I’m going to have to run!
Howard 2028.
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If you were a fuck up marrying some floozy that took a trans am in the divorce. You still had time to rebound. In today’s land you don’t get to own a home until grandma who hopefully wasn’t a fuckup ends up gifting it to you when you’re 45 and she finally croaks and doesn’t favor another grandchild more.Desertbreh wrote: ↑Tue Apr 30, 2024 8:28 pmYou think? Max's philosophy is that sometime in the "olden days" people got wonderful jobs at age 25, then took a 15? That is quite the optimistic view of American finances. Where are the Trans Ams? Where are the Jet Skis? Where are the divorces?D Griff wrote: ↑Tue Apr 30, 2024 6:09 pm Anecdote of one I know… But my parents have yet to have a paid off home and they’ve had two houses, the first was sold. They did rent it out to my sister for a long time on the cheap because she had a kid in high school and life didn’t go so great. Now she had to move to bumfuck to afford rent because my parents had to sell the house to afford retirement.
I don’t really feel like having a mortgage payment at 40 is out of the norm, I would bet most people’s parents on here were also paying house notes throughout kid raising.
Otherwise you’re sharing an apartment owned by lovely corporate overlords who try and take you for all that you have left
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This right here. Get foreign corporations out of owning single family homes and renting them out. Get rid of tax incentives that are intended for individuals to get into a home from being used by corporations. Get rid of tax incentives for individuals on 2nd and subsequent homes. In other words help people into a single property, and to max point if you are rich enough for a 2nd home pay full kitty for it on property taxes and what not.D Griff wrote: ↑Tue Apr 30, 2024 6:13 pm I don’t know that taking money from people who saved is an answer though. It would be a bit too much regulation for my tastes but limiting the number of homes people/companies can own and not selling our houses to non citizens would maybe be a help for prices. Like not having Chinese corporations and government buying property in NA seems beneficial to all but the Chinese corporations and government.
Desertbreh wrote: ↑Thu Sep 15, 2022 4:28 pm I'm happy for Brad because nobody jerks it to the Miata harder on this forum and that is the Crown Prince of Miatas.
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Bold: This.J-Ho-Fo-Show69 wrote: ↑Tue Apr 30, 2024 8:11 pmI wish I could opt out FDRs failed experiment of social security!max225 wrote: ↑Tue Apr 30, 2024 6:48 pm Another example a boomer born in 1960 and retiring in 2025 is slated to receive $2885 in social security ... me at the same age in 26 years is slated to receive $3800.
I will be getting about 34% more than the boomer. The buying power of a $1000 26 years ago... is $1925 today. Meaning in order for me to receive the SAME buying power in social security I'd need $5553 in 2051. Yet here we are... another enormous shortfall... I am taxed every year on this shit and yet I am NOT getting the same benefit.
The governshit shouldn’t be forcing you into a savings/retirement account they mismanage for you. It’s fucking bullshit.
Looks like to change it, I’m going to have to run!
Howard 2028.
I really wish we could get someone with some common fucking sense into the WH. or someone like this guy
Desertbreh wrote: ↑Thu Sep 15, 2022 4:28 pm I'm happy for Brad because nobody jerks it to the Miata harder on this forum and that is the Crown Prince of Miatas.
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Is that a big thing in your area (foreign corps) for SFH?golftdibrad1 wrote: ↑Wed May 01, 2024 8:26 amThis right here. Get foreign corporations out of owning single family homes and renting them out. Get rid of tax incentives that are intended for individuals to get into a home from being used by corporations. Get rid of tax incentives for individuals on 2nd and subsequent homes. In other words help people into a single property, and to max point if you are rich enough for a 2nd home pay full kitty for it on property taxes and what not.D Griff wrote: ↑Tue Apr 30, 2024 6:13 pm I don’t know that taking money from people who saved is an answer though. It would be a bit too much regulation for my tastes but limiting the number of homes people/companies can own and not selling our houses to non citizens would maybe be a help for prices. Like not having Chinese corporations and government buying property in NA seems beneficial to all but the Chinese corporations and government.
This doesn't seem like muchNearly half a million homes is a big number on its face. It’s more than the total number of homes in San Francisco. But compared to the housing stock as a whole, it’s less than half a percent. Even looking at just single-family rentals, the vast majority of which are owned by small and medium-sized landlords, the Urban Institute’s “large institutional” share makes up around 3%.
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no, but it is a small slice now, but its growth has been explosive in terms of year on year gain. It needs to stop/ end.max225 wrote: ↑Wed May 01, 2024 11:56 amIs that a big thing in your area (foreign corps) for SFH?golftdibrad1 wrote: ↑Wed May 01, 2024 8:26 am
This right here. Get foreign corporations out of owning single family homes and renting them out. Get rid of tax incentives that are intended for individuals to get into a home from being used by corporations. Get rid of tax incentives for individuals on 2nd and subsequent homes. In other words help people into a single property, and to max point if you are rich enough for a 2nd home pay full kitty for it on property taxes and what not.
This doesn't seem like muchNearly half a million homes is a big number on its face. It’s more than the total number of homes in San Francisco. But compared to the housing stock as a whole, it’s less than half a percent. Even looking at just single-family rentals, the vast majority of which are owned by small and medium-sized landlords, the Urban Institute’s “large institutional” share makes up around 3%.
Desertbreh wrote: ↑Thu Sep 15, 2022 4:28 pm I'm happy for Brad because nobody jerks it to the Miata harder on this forum and that is the Crown Prince of Miatas.
If you and I agree... we should be able to get bipartisan supportgolftdibrad1 wrote: ↑Wed May 01, 2024 8:26 amThis right here. Get foreign corporations out of owning single family homes and renting them out. Get rid of tax incentives that are intended for individuals to get into a home from being used by corporations. Get rid of tax incentives for individuals on 2nd and subsequent homes. In other words help people into a single property, and to max point if you are rich enough for a 2nd home pay full kitty for it on property taxes and what not.D Griff wrote: ↑Tue Apr 30, 2024 6:13 pm I don’t know that taking money from people who saved is an answer though. It would be a bit too much regulation for my tastes but limiting the number of homes people/companies can own and not selling our houses to non citizens would maybe be a help for prices. Like not having Chinese corporations and government buying property in NA seems beneficial to all but the Chinese corporations and government.
Every little bit helps, 0.5% or 3% still opens up a lot of homes for normals.
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D Griff wrote: ↑Wed May 01, 2024 12:34 pmIf you and I agree... we should be able to get bipartisan supportgolftdibrad1 wrote: ↑Wed May 01, 2024 8:26 am
This right here. Get foreign corporations out of owning single family homes and renting them out. Get rid of tax incentives that are intended for individuals to get into a home from being used by corporations. Get rid of tax incentives for individuals on 2nd and subsequent homes. In other words help people into a single property, and to max point if you are rich enough for a 2nd home pay full kitty for it on property taxes and what not.
Every little bit helps, 0.5% or 3% still opens up a lot of homes for normals.
system is fucked tho. we cant even get MJ descheduled with 70%+ public support
Desertbreh wrote: ↑Thu Sep 15, 2022 4:28 pm I'm happy for Brad because nobody jerks it to the Miata harder on this forum and that is the Crown Prince of Miatas.
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That is a result of the same geritocracy Max is complaining about. Old people hate dopers.golftdibrad1 wrote: ↑Wed May 01, 2024 12:52 pm
system is fucked tho. we cant even get MJ descheduled with 70%+ public support
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Desertbreh wrote: ↑Wed May 01, 2024 1:19 pmThat is a result of the same geritocracy Max is complaining about. Old people hate dopers.golftdibrad1 wrote: ↑Wed May 01, 2024 12:52 pm
system is fucked tho. we cant even get MJ descheduled with 70%+ public support
Desertbreh wrote: ↑Thu Sep 15, 2022 4:28 pm I'm happy for Brad because nobody jerks it to the Miata harder on this forum and that is the Crown Prince of Miatas.
Boomers played the hand they were dealt. They just had a much better hand from the start than millennials did.Desertbreh wrote: ↑Wed May 01, 2024 1:19 pm That is a result of the same geritocracy Max is complaining about. Old people hate dopers.
Carlin nails it tho.
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Beats me. My dad was born in 1934, so not a boomer. He was an alcoholic (reformed at some juncture, to his credit) but man that devil's lettuce was the root of all evil. Substance that makes you angry and want to fight people? That's John Wayne shit right there. Substance that makes you want to chill out? Lazy, welfare taking, hippie bum stuff.golftdibrad1 wrote: ↑Wed May 01, 2024 2:00 pmDesertbreh wrote: ↑Wed May 01, 2024 1:19 pm
That is a result of the same geritocracy Max is complaining about. Old people hate dopers.
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I fucking LOVE him.Melon2.0 wrote: ↑Wed May 01, 2024 2:11 pmBoomers played the hand they were dealt. They just had a much better hand from the start than millennials did.Desertbreh wrote: ↑Wed May 01, 2024 1:19 pm That is a result of the same geritocracy Max is complaining about. Old people hate dopers.
Carlin nails it tho.
Product of the times.Desertbreh wrote: ↑Wed May 01, 2024 3:11 pm Beats me. My dad was born in 1934, so not a boomer. He was an alcoholic (reformed at some juncture, to his credit) but man that devil's lettuce was the root of all evil. Substance that makes you angry and want to fight people? That's John Wayne shit right there. Substance that makes you want to chill out? Lazy, welfare taking, hippie bum stuff.
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These are the voters nixing legalization is all I'm saying. He died in 2017 though, and eventually times will change. I don't use the stuff myself but it's just not something that ought to be policed.Melon2.0 wrote: ↑Wed May 01, 2024 3:17 pmProduct of the times.Desertbreh wrote: ↑Wed May 01, 2024 3:11 pm Beats me. My dad was born in 1934, so not a boomer. He was an alcoholic (reformed at some juncture, to his credit) but man that devil's lettuce was the root of all evil. Substance that makes you angry and want to fight people? That's John Wayne shit right there. Substance that makes you want to chill out? Lazy, welfare taking, hippie bum stuff.
Absolutely, I understand the context of the time period they were raised in and the anti-marijuana propaganda they were exposed to.Desertbreh wrote: ↑Wed May 01, 2024 3:22 pm These are the voters nixing legalization is all I'm saying. He died in 2017 though, and eventually times will change. I don't use the stuff myself but it's just not something that ought to be policed.
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Desertbreh wrote: ↑Thu Sep 15, 2022 4:28 pm I'm happy for Brad because nobody jerks it to the Miata harder on this forum and that is the Crown Prince of Miatas.