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Thread: Business, Economics & Tax Policy 7: Workers of the world unite!

  1. #321
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by St. Clown View Post
    Why do you think their merger would form a monopoly?
    Maybe it doesn't. I do think that this constant merger and acquisitions mode of growing corporations as large as they can go is bad for consumers, bad for innovations, and bad for the middle and lower class.
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  2. #322
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    But...…………………….I was promised 5%. Said it would be easy. The tax cuts would make sure of that.

    What kind of cheese are you planning to put on top?

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    Quote Originally Posted by rufus View Post
    But...…………………….I was promised 5%. Said it would be easy. The tax cuts would make sure of that.

    I think my Federal is going down, but, without changes, I'm taking it up the wazoo from the State.

  4. #324
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by dxmnkd316 View Post
    Regarding CPI, I’ve never understood why gas and staples aren’t included in CPI. Yes, they might be more volatile, but I think they reflect the true inflationary pressures in the economy.
    I've thought about that, too, and have considered possible solutions, but have never looked to see if my possible solutions have been dismissed by the bigwigs in CPI calculations.

    Gasoline and food prices are more volatile, but volatility can be counteracted, to some degree, by using a moving average calculation. The question then becomes, is that moving average for a long enough period of time, and would that period of time render moot the very goal we've set the purpose of the CPI?
    "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

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  5. #325
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by dxmnkd316 View Post
    Regarding CPI, I’ve never understood why gas and staples aren’t included in CPI. Yes, they might be more volatile, but I think they reflect the true inflationary pressures in the economy.
    Agree. CPI should be stuff that is purchased weekly to monthly. That's what's really going on.
    The preceding post may contain trigger words and is not safe-space approved.

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    Quote Originally Posted by dxmnkd316 View Post
    You pretty much nailed it. The end of record low mortgage rates signals an end of the free money era.

    One of the hosts on WCCO brought up an interesting point. We’re now at a point where people just can’t afford the prices of homes and they’re facing a difficult decision between waiting for housing prices to come down and paying a higher interest rate or locking into something now that doesn’t fit what they need either today or in the future.

    They also brought up something else that struck me. There’s a big crunch in starter homes now, even among people who wouldn’t normally be looking at one. People can’t afford that second home because of prices and they might not be able to afford it in the future with rising inflation and interest rates. So people trying to get out of that middle tier home are struggling to sell in some markets. So there’s an interesting thing going on with prices.

    Regarding CPI, I’ve never understood why gas and staples aren’t included in CPI. Yes, they might be more volatile, but I think they reflect the true inflationary pressures in the economy.
    I bought my home seven years ago for 270. Now worth 400. I’d like to move, but refuse to overpay for something. Sad that if I sell my house, it likely can’t be someone’s first house like it was mine.

  7. #327
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by Deutsche Gopher Fan View Post
    I bought my home seven years ago for 270. Now worth 400. I’d like to move, but refuse to overpay for something. Sad that if I sell my house, it likely can’t be someone’s first house like it was mine.
    Someone (neighbor/realtor) told me what mine would be worth on the market right now.
    My response was cut me a check for that and give 90 days to get out.
    The preceding post may contain trigger words and is not safe-space approved.

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    Quote Originally Posted by The Sicatoka View Post
    Someone (neighbor/realtor) told me what mine would be worth on the market right now.
    My response was cut me a check for that and give 90 days to get out.
    With two dogs, I don’t know where to go- that’s my whole issue. Looked at a house in St. Louis park this weekend and am offended by how much they want for it

  9. #329
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by Deutsche Gopher Fan View Post
    With two dogs, I don’t know where to go- that’s my whole issue. Looked at a house in St. Louis park this weekend and am offended by how much they want for it
    It's been my experience, started shopping with an eye on moving next year, that prices don't really drop around here until you get outside of the 494/694 ring or are willing to move into a smaller, older home. Eagan is pretty expensive right now, and I think that's in large part thanks to the MN Vikings moving their training facility - a lot has been built already.
    "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

    "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

    "Good news! We have a delivery." Professor Farnsworth

  10. #330

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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by Deutsche Gopher Fan View Post
    I bought my home seven years ago for 270. Now worth 400. I’d like to move, but refuse to overpay for something. Sad that if I sell my house, it likely can’t be someone’s first house like it was mine.
    To throw some cold water, we bought in Spring 2006 at 239. In Spring 2008, we were valued at 400.

    In Spring 2010, we were valued at... 239.

    The only way you are going to not get the same market conditions on the buy end as the sell end is if you move a really significant "realty distance." This isn't necessarily physical distance (though it usually is) but it means you have to move from a hot market to a cold market, and those don't typically sit next door to each other for obvious reasons.

    Our plan is to slingshot from DC in about 9 years to whichever of the ring burbs around Phoenix is coldest at the time. The hope is that you eejits keep the wars going to keep our local economy booming (And it really has been. You know how the rest of the country has stalled real middle class wealth? Ha! Not us!) just long enough to get the f-ck outta Dodge. It can crash the week after for all I care. Just not the week before.

    Remember too that the sell and buy price evaluated alone don't matter at all. Your loan lives in the space between.
    Last edited by Kepler; 05-30-2018 at 02:47 PM.
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by Kepler View Post
    To throw some cold water, we bought in Spring 2006 at 239. In Spring 2008, we were valued at 400.

    In Spring 2010, we were valued at... 239.

    The only way you are going to not get the same market conditions on the buy end as the sell end is if you move a really significant "realty distance." This isn't necessarily physical distance (though it usually is) but it means you have to move from a hot market to a cold market, and those don't typically sit next door to each other for obvious reasons.

    Our plan is to slingshot from DC in about 9 years to whichever of the ring burbs around Phoenix is coldest at the time. The hope is that you eejits keep the wars going to keep our local economy booming (And it really has been. You know how the rest of the country has stalled real middle class wealth? Ha! Not us!) just long enough to get the f-ck outta Dodge. It can crash the week after for all I care. Just not the week before.

    Remember too that the sell and buy price evaluated alone don't matter at all. Your loan lives in the space between.
    9 years from now they'll be building new homes next door to Palo Verde. At least you aren't looking to have more kids.

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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by jerphisch View Post
    9 years from now they'll be building new homes next door to Palo Verde. At least you aren't looking to have more kids.
    9 years from now the Phoenix suburbs will have reached Las Vegas and Tucson.

    And then there's this.
    Last edited by Kepler; 05-30-2018 at 05:22 PM.
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    Quote Originally Posted by Kepler View Post
    9 years from now the Phoenix suburbs will have reached Las Vegas and Tucson.

    And then there's this.
    One would think the Mogollon Rim would severely limit northern expansion.

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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by joecct View Post
    One would think the Mogollon Rim would severely limit northern expansion.
    Meh, I think if you march up 73 through Kingman you're fine.
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    Quote Originally Posted by Kepler View Post
    9 years from now the Phoenix suburbs will have reached Las Vegas and Tucson.

    And then there's this.
    That's not hot. Not even close

  16. #336
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by Kepler View Post
    9 years from now the Phoenix suburbs will have reached Las Vegas and Tucson.

    And then there's this.
    I've never even been to Phoenix, but I just assume between the weather and the sprawl, it's already unlivable. Unless you're a yuuuuuuge fan of dry heat.
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    SO The is chamber of commerce doesn’t seem to have confidence in dumps strategy

    http://thehill.com/blogs/blog-briefi...6m-jobs-report

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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    I hope trumpy’s base isn’t going to be affected by them!!
    Last edited by dxmnkd316; 06-01-2018 at 06:44 AM.

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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by FadeToBlack&Gold View Post
    I've never even been to Phoenix, but I just assume between the weather and the sprawl, it's already unlivable. Unless you're a yuuuuuuge fan of dry heat.
    It's weirdly liveable, as long as the power (and the AC) stays on and you drink your weight in water for every daylight hour you plan to spend outside.

    If there was a weekend power outage it would feel like the surface of the sun.
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    Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Quote Originally Posted by Kepler View Post
    It's weirdly liveable, as long as the power (and the AC) stays on and you drink your weight in water for every daylight hour you plan to spend outside.

    If there was a weekend power outage it would feel like the surface of the sun.
    Poor choice of words...

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