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OT: American Politics

Wayward DP said:
do you accept that if wages grow faster than inflation, people's spending power is not reduced but actually increases?
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Depends the composition of the inflation. If a low cost item goes down a great bit but the highest cost item barely goes down if at all then it doesn’t.
 
FlyGuy said:
How is $25K to first time homebuyers going to help housing costs? I know when I hear that I’m immediately raising the cost of my home $25K
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It's $25k help towards a downpayment. That doesn't raise the cost of a house by $25k. maybe $5k at most, depending on what percent the downpayment is.
 
FlyGuy said:
How is $25K to first time homebuyers going to help housing costs? I know when I hear that I’m immediately raising the cost of my home $25K
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not crushing the global economy through tariffs will help young people be able to afford homes, for one.

rising tide lifts all boats.

Trump's current plan is literally to destroy the American economy.
 
SundinsTooth said:
So you are only going to market your home to first time home buyers? That's dumb.
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Other homebuyers will be competing with first time owners who have been paying stupid prices for apartment rent while waiting for rates to lower, so they'll have to up their offer.

Hell, I could simply tell someone who offered that I have another offer from a first time buyer and use that as faux leverage to get them to increase. It'll be a shit show.
 
zeke said:
It's $25k help towards a downpayment. That doesn't raise the cost of a house by $25k. maybe $5k at most, depending on what percent the downpayment is.
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Have you bought a house? Do you get how it works? Do I have to explain this?
 
Wayward DP said:
not crushing the global economy through tariffs will help young people be able to afford homes, for one.

rising tide lifts all boats.

Trump's current plan is literally to destroy the American economy.
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The fed is going to destroy the economy before he gets a chance.
 
FlyGuy said:
Have you bought a house? Do you get how it works? Do I have to explain this?
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as someone who was recently a first-time homebuyer, if I had access to an additional $25k in cash, it would have dramatically expanded the options available to us in our search. we were limited by the size of our down payment, which is what this campaign promise appears intended to address
 
zeke said:
yep no doubt.

and a politically interesting thing about it is that obviously politicians should care much more about inflation than, say, employment. An increase in employment only directly effects a few percent of the population, while inflation directly effects 100% of the population.
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Yeah.... thats why the Fed cares more about inflation than full employment...in fact full employment is usually inflationary as it puts upward pressure on wages
 
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