Bidenflation in Pictures (Page 4/8)
82-T/A [At Work] JAN 24, 09:33 AM

quote
Originally posted by BingB:

Too bad you didn't own a home or have any money in the stock market 3 years ago. If you had you would be worth A LOT more rigth now. Home prices and the stock market have gone up more than prices on consumer goods.




Seriously Fred?
williegoat JAN 24, 09:48 AM

quote
Originally posted by 82-T/A [At Work]:

Seriously Fred?


Fred is not a truth seeker, he is a gnat.
ray b JAN 24, 12:58 PM

quote
Originally posted by 82-T/A [At Work]:
Seriously Fred?



my numbers sure did

two doors down sold for 675k in 2023
no garage or pool [I have both and they are HUGE]
on a house that post BuSh2 was worth less then I paid 8 years before
so were the investments up then crashed under the Gop steady up under mr O
erradic up the rump steady up under joe

if yours did not you picked poorly not joes markets

or just more lying for the orange jesus ?
ray b JAN 24, 01:00 PM

quote
Originally posted by williegoat:

Fred is not a truth seeker, he is a gnat.



yours ?

house value under joe ?
markets value ?

vs 8 years of BuSh2 + rump = minus value

truth ?
82-T/A [At Work] JAN 24, 01:19 PM

quote
Originally posted by ray b:

my numbers sure did

two doors down sold for 675k in 2023
no garage or pool [I have both and they are HUGE]
on a house that post BuSh2 was worth less then I paid 8 years before
so were the investments up then crashed under the Gop steady up under mr O
erradic up the rump steady up under joe

if yours did not you picked poorly not joes markets

or just more lying for the orange jesus ?




Yes, all my properties went up in value. But so did my property taxes. Property values are going down through most of the country EXCEPT Florida, Texas, and a few other areas... specifically because people are fleeing Democrat states and moving to Republican states. But that's more an indication of a declining dollar and how much you can buy with it.

Yes... the wealthy always do well during inflationary periods. That's why I like having assets... so yes, the wealthy are doing well under Biden.
Raydar JAN 24, 02:00 PM

quote
Originally posted by ray b:
...
GET HELP



Pot? Kettle...
BingB JAN 24, 07:57 PM

quote
Originally posted by 82-T/A [At Work]:

Property values are going down through most of the country EXCEPT Florida, Texas, and a few other areas... specifically because people are fleeing Democrat states and moving to Republican states.



Where do you come up with this stuff?

Last year single family home prices rose in 42 of the 50 states. Two of the three states with the biggest decline were red (Utah, Idaho). Meanwhile 5 of the top 6 states with the biggest increase were blue (Maine, Connecticut, New Hampshire, New Jersey, Vermont)

Florida was 34th, and Texas was 42nd.

https://www.statista.com/st...iation-by-state-usa/

[This message has been edited by BingB (edited 01-24-2024).]

82-T/A [At Work] JAN 25, 07:50 AM

quote
Originally posted by BingB:

Where do you come up with this stuff?

Last year single family home prices rose in 42 of the 50 states. Two of the three states with the biggest decline were red (Utah, Idaho). Meanwhile 5 of the top 6 states with the biggest increase were blue (Maine, Connecticut, New Hampshire, New Jersey, Vermont)

Florida was 34th, and Texas was 42nd.

https://www.statista.com/st...iation-by-state-usa/





Fred, this information is almost a full year old already. It's well understood that because of declining sales (which have dropped to a 28-year low) from higher interest rates, that fewer people are buying homes because they can't afford them. Home prices have gone down generally across the board in the later part of 2023. This is an article from July which shows 12 states where home values were declining. https://www.forbes.com/advi...te/home-prices-fall/

Idaho: -8%
Washington: -7.5%
Nevada: -5.6%
Montana: -5.3%
Utah: -4.3%
Arizona: -4.2%
California: -3.5%
Oregon: -3.1%
Colorado: -2.7%
South Dakota: -1.3%
New York: -0.3%
District of Columbia: -0.1%


Now, it's not exactly catastrophic... it's minimal at best, and home values are still going up in states with exceptionally high demand. But... values are going down. None of my properties have gone down in value, because they're all in Florida. But even my old house in San Antonio has gone down a little since last year.

EDIT: I still don't understand what this has to do with you saying Biden did a good job? Increasing home values literally just means there's a lack of supply. For people who only own a single home or property, it means nothing to them because it only increases their property tax. Especially for those who just bought a house around 2020-2022 in which the property values went up and their homes were re-assessed the following year. Like, I don't understand why you're flagging this as a Biden success? It's literally only good for people like me that own multiple properties, or corporations that deal in property rental.

[This message has been edited by 82-T/A [At Work] (edited 01-25-2024).]

BingB JAN 26, 02:27 PM

quote
Originally posted by 82-T/A [At Work]:


EDIT: I still don't understand what this has to do with you saying Biden did a good job? Increasing home values literally just means there's a lack of supply. For people who only own a single home or property, it means nothing to them because it only increases their property tax. Especially for those who just bought a house around 2020-2022 in which the property values went up and their homes were re-assessed the following year. Like, I don't understand why you're flagging this as a Biden success? It's literally only good for people like me that own multiple properties, or corporations that deal in property rental.





I am not using it as an example of a successful Biden policy. I am using it as a counter to your claim that Biden policy caused inflation. Dine policy did not cause inflation or cause your house to increase in value.

And I have no idea how you can claim that a person who owns an asset that increases in value does not get an advantage. If the increased equity in your home is wprthless to you then I will gladly take it.
82-T/A [At Work] JAN 26, 02:36 PM

quote
Originally posted by BingB:

I am not using it as an example of a successful Biden policy. I am using it as a counter to your claim that Biden policy caused inflation. Dine policy did not cause inflation or cause your house to increase in value.

And I have no idea how you can claim that a person who owns an asset that increases in value does not get an advantage. If the increased equity in your home is wprthless to you then I will gladly take it.




Biden's policies increased the value of my home in the same way that increased crime in the United States has led to hiring more police officers in Florida. What you're saying is absurd.

Florida's home values shot through the roof because people were fleeing the liberal North East and the liberal North West states. Furthermore, inflation increased labor, energy, and supply chain costs which constrained home construction, which also increased the price of existing homes... all of which led to my homes being worth more. None of that is a "good" thing except for the wealthy that have more than a single home. It's fun to look on Quicken and see that your home is worth 3 times what you paid for it, but it means nothing unless you sell it, and then you have to find somewhere to live. This is a silly point to argue... because in the end, it's been catastrophic for the poor and most of the middle class.

[This message has been edited by 82-T/A [At Work] (edited 01-26-2024).]