Comments by "Josef" (@josefj1776) on "Michael Bordenaro" channel.

  1. I love the fake title. It just creates more and more myths
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  2. The Jucie crab is full so is the outback, bone fish grill, and Tbones just to name a few that are packed every time we go.
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  3. If you can’t afford to own a home outright then you can’t afford rent.
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  4. Save they can. Foreclosures are at extreme lows.
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  5. Nice myth. I see it all the time people talk that they have the kills but in reality they don’t. It is very easy for electricians to get a job.
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  6. Owning a home is my hedge against rent increasing. I bought just before the “2014 housing crash” everyone we telling me not to buy because the crash would cause cheaper homes…… never happed. People kept telling me unemployment is at 40% and you can’t get a job. Have never had any issue. Was told it is impossible to have a FICO over 800….. have had no issues with that. People just love to cry. Having a 2 year lease won’t save you as landlords can cancel it any time they want.
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  7. If you can’t pay the property tax you can’t afford rent. A paid off home is one of the strongest investments into retirement.
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  8. That is capitalism for you.
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  9. You should look at what you are doing wrong.
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  10. The average person can buy a home.
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  11.  @DONALD1951  an oil change is a repair. It is also more expensive to lease than to just buy a low mileage used car.
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  12. I was told in 2014 homes were 40% over valued.
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  13. If they are wrong, where is the massive surge of foreclosures? Where is the mass of surge in inventory? Where is the surgeon unemployment? Why is hiring still not below 6 million per month? And why is home prices still increasing in most housing markets? Why are most homes selling in less than a month?
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  14. Just get a new job
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  15.  @brandieleah9305  you do know a large number of your “unemployed” are children, stay at home parents, retired/elderly people, and disabled.
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  16. I can see that. When I bought in 2014 they were calling for a massive crash in housing people called me a fool for buying a house 0% down. Yet here I am with a mortgage at $718 and they are paying $1500 for rent.
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  17. It is the fastest way to poverty.
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  18. Boomers felt the same way.
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  19. My plan is to keep investing in my retirement account into stocks. Owning my house is the next step in you have a paid-off mortgage you can't find a place cheaper to live. I will enjoy it.
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  20. @ coconuts you are correct the malls are packed, stores have people in them and they are building more stores every day with the non stop construction. Homes are selling very fast within a month they are sold.
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  21. You have fun with that I will enjoy my home.
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  22. When you buy your home they tell you what your property taxes will be.
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  23. they should also look for a job more than 10 hours a week.
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  24. And most of them are from 2019
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  25. Wow home prices there have fallen 40%
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  26. I bought a new construction in 2014 just before the “2014 crash” it was our first home for $151K it is my plan for retirement investment as there is no cheaper place to live than a paid off home.
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  27. Yes $500 is too much a year
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  28. One of the issues here in America is renters pay $50 for an application that they won’t get back
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  29. Rent is even worse.
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  30. what is interesting is people are moving to the blue parts of red states not the red area’s
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  31. The issue is most homes are still selling in less than a month. That is still keeping inventory low. Last year he said invintory is quickly getting worse than in 2008… still nothing.
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  32. Well 1980 was not a housing crash so I also see a lot of similarities
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  33. So what they changed the definition of a recession 80 years ago get over it.
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  34. The data shows we are not in a recession.
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  35.  @saedwards007  the numbers say you are wrong 6 million a month hired.
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  36. Nice the military retirement is very nice. Even though our household will get that also I am putting money into my Roth and with a paid-off house a 70% reduced SS that will pay the bills. But I will work till 67 as that extra payments if will help a lot more than the lower pay of early.
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  37. For the past nine years I have had no maintenance costs for my home. I will be replacing my evaporator coil for my HVAC system for $450.
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  38. But Michael last year you said inventory was going to 2008 levels this year what happened?
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  39. Just remember 5-6 million are hired each month. If you have skills you will have a job.
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  40.  @fusiondensity3287  still waiting for that crash. It still looks like it will be a normal correction.
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  41.  @jermon983  people at all income levels make poor choices with money. My co worker made $250K for his household income but when his income dropped 26K in 2008 he lost everything. I remember he bought an Audi S4 to save on money on gas.
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  42. LOL I love your lie that mortgage is not stability over renting. My mortgage with taxes and insurance in 2014 it was $917 now in 2023 it is $965 a month. My co workers have seen rent increase 70% in the same time.
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  43. $3,800 a year isn't that bad.
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  44. Owning a house is one of the best investments you can make. Simple fact. We have the same furniture when we were renting as when we were owning. Owning a home is a great way to fix the cost of living. Even now it is hard to find a rental cheaper where you are buying a home.
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  45.  @coleycole5344  the boomers were not bought the homes. They bought their homes later and they were small and then they sold them and moved up multiple times to larger homes in the late 80’s and through the 90’s in the 70’s and first half of the 80’s it wasn’t boomers buying things.
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  46. Same here
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  47. They have programs helping them stay in their homes. Most people going into these programs to help them stay in their homes leave in positive standing.
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  48.  @mullerk2  with renting you are still paying utilities. And maintenance you can do a lot to keep that price cheaper and you know you want short cut and make it low quality repair.
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  49. That amount also changed based on your income. It shows we over spend on children.
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  50. You don’t know anything about our economics do you? They never changed it in almost 80 years
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  51. Most home markets are still going up based on the HPI. I did a 0% down in 2014 when everyone was screaming at a second crash worse than in 2008. Still living there with no issues.
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  52. What about them makes you feel they were designed to fail? What about their qualifications shows that to you?
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  53. If you can't afford property taxes you need to look at your life. Because you can't even afford rent.
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  54. And why will it drop?
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  55. You can always outspend your income.
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  56. It isn’t higher remember 6 million a month is hired.
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  57.  @hopeseekr  no. Those are over all counted as hired not a new job. Remember we have 6 million hired every month and they are not all Uber drivers. It is simple reality. And 20 or 24 hours a week is not full time. Do you know nothing about labor numbers?
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  58. Most millionaires are what they call “401K millionaires“ for me a house is a two fold investment it fixed my cost of living and it is a key to retirement. A house over all eats more money than it makes it just eats less money than renting.
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  59. I got an offer on the home I paid $151K new in 2014. The offer was $25K cash. I guess I should have sold as that is all homes in GA is worth? I just don’t know why houses down from me are still selling for 250K-500K.
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  60. It isn’t that mobile. When you look at spending thousands sending out applications that is competing with hundreds of other renters and you will never see that money again.
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  61. Biden has done a great job and will vote for her
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  62. $450K is not the median first-time purchase. No one buys the average home.
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  63. You can rent smaller apartment in a bad area cheaper than buying a larger home in a good area.
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  64. Still no crash. Foreclosures are at record lows, unemployment is extremely low, 6-7 million are hired every month, most homes are sold in a month. I love how people think 23,000 foreclosures nation wide is extremely high.
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  65. People were saying this back in 2014.
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  66. Buying a house that needs work is how you buy a cheap house.
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  67. I was told this in 2014 and still no crash
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  68. Another person that learned history from TV that is a sad time we live in.
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  69.  @tonyhurst6544  actually I would buy right now if I was ready to upgrade my house. This year I will pay off our SUV we bought and I plan to pay off our house in one or two years 18 years earlier than than loan term. Pay increases are great.
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  70.  @kenchu5900  far cheaper than renting.
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  71.  @Pugsrule227  LOL, do you think a .5% decrease in rent is a massive crash??? Are you drunk?
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  72. Buying a home is no more than the same as investing into the stock market. Buying a home to live in is one of the best investments into retirement. There are always people talking about a crash. When I bought in 2014 they were talking about a massive crash. It never happened. Home values are still going up.
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  73. Not an issue you look at continuing claims . Remember 6 million a month is hired.
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  74. Here is the issue. Is it that way comparing same size rent and home your buy? Comparing a 900sqft 3 bedroom is not the same as a 1500sqft 3 bedroom home. When I bought with a 0% down home in 2014 (when everyone was calling for a second crash as home sales fell.) then my rent was $200 over the price of a new home. Now it is $900 and that includes taxes and insurance. 1% a year is very much normal for repairs.
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  75. It is so hard to find a job because 6 million are hired each month.
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  76. Wow you went with the expensive company. We do it for $9K-12K
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  77.  @coleycole5344  simple facts in the 80’s they felt they would never buy a home.
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  78.  @catfromtrigun  LOL you have no clue about anything I bet you don’t even know the basics of math 1+1 is 2 just so you know.
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  79. I guess you just proved foreclosures are the worst they have been in history worse than 2008…….. O wait they are still at record low levels.
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  80. They are double from last year?….. no they are not.
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  81.  @wizzyno1566 because the data showed we were not in one.
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  82. Poorly run businesses fail all the time.
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  83. So they are lying. Tell us where is this massive increase in inventory that is higher than 2008???? Where is this foreclosures massive surge? You can barley find any foreclosures! Where is this massive unemployment??? You said this was all going to happen this year……. Where is this crash most homes sell in less than 30 days.
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  84.  @FelipeValdez-og2tg  it is Marysville CA 60 minutes from Sacramento, Oroville, Chico. you can actually catch every fish type in California within 30 minutes of that city. It’s also missed the state capital vote by two votes. You might find in history books it’s where Mary of the Donner party settled.
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  85. It took me 5 hours to get 6 job offers in May 2009.
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  86. The states also give them a massive tax credit where they don’t pay property taxes for 15-20 years.
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  87. You can always out spend your income. Foreclosure rate is still far below 2018
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  88. They don’t control retirement age
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  89. That is an interesting take my wife had it after we bought our new house in 2014 for 151K we were qualified for 400K I was looking at a 4 bedroom that was 2500sqft home for $210K but she wanted the 3 bedroom 1500sqft home. Yes I know that is a very expensive home. But to this day I am very happy with the mortgage that is over 60% cheaper than rent!!! In fact the payment is only $170 more than my parents mortgage in 1989. And it is a larger home.
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  90. It is a great retirement investment. It is also more stable than renting.
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  91. The second Great Depression was 1929.
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  92. Job jumping for higher pay has been common for 30 years now.
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  93. LOL still waiting for the one promised in 2014.
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  94. They look more than 10 hours a week for a job. Remember we have 6 million a month hired.
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  95.  @jimshoe402  and we bought it 15 years ago.
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  96. My parents bought a home in 1989 in California for 88K($1100SQFT). And it’s sold in 2019 for 119 K. I bought my home in 2014 it was finished the day we signed the paperwork and the payment was only $300 more than their mortgage
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  97. How so we have 6 million a month hired!
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  98.  @WordMadeFlesh777  it all depends on their skill level and ability to sell themselves. Many good paying employers are desperate for employees.
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  99.  @hak1985org and why would you and your crash bro’s lie about foreclosures being really bad in Vegas?
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  100. I thought it was really easy to get a job then. It just took a few hours to get over 10 job offers.
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  101. So is that why the average home is on the market before sale is 17 days? And priced of sold homes are at record prices?
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  102. Same here rent is only increasing. For me it is one of my strongest retirement investments. Nothing is cheaper than a paid off home to live in.
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  103. The trades are so hard doctors cannot do them yet so high school dropouts thrive in them. LOL
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  104. Just remember 6 million people are hired every month.
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  105. As a millennial I am happy I bought a new home for $151K. My mother felt the same as you back in 1980. Things change.
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  106. If you lose a job get a new one easy.
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  107.  @sam20736  corporatism is part of capitalism. It is unregulated capitalism.
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  108. LOL DO YOU really think 33,000 is very bad foreclosure number and we should be worried?
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  109. The data and what you see says we are not.
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  110.  @jordanbatka033 what has been a nightmare?
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  111. When did we enter this so called depression? What is the cause?
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  112.  @michaelrains2268  no it is”in general” two quarters of negative growth there is no actual definition.
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  113. I am happy you agree with the government inflation numbers.
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  114. HOA a tenant will pay for.
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  115. No they are just getting a new job and staying.
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  116.  @MichaelBordenaro  we are not even in a recession yet.
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  117.  @fusiondensity3287  I remember in 2014 the fear mongers just like this video was calling for a 40% crash in housing.
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  118. Unemployment is extremely low remember 5-6 million are hired each month.
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  119. It has been that way for over 50 years. It is nothing new
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  120. That is very good for a good paying job.
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  121. Very much true our home is part of our three-leg retirement stool. Paying $4,000 a year for a home is far cheaper than any rent.
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  122. Nice myth
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  123.  @christinenelson1058  that is a nice myth.
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  124.  @mikem9612  their rent increases out passed my mortgage increases before the increase in inflation. Hell for a a few years we rented our house out for $1500 a month. That was $600 more than what Zillow said it would rent for. Rent goes up every year not the mortgage.
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  125.  @CarMaintenanceGuy  far safer here
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  126. And stores are opening by the hundreds.
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  127. As long as you enjoy your home great choice. Buying a home is one of the best investments in my opinion for retirement.
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  128.  @bilahn1198  most likely you were broke is because you rented below what you would buy. And sounds like you were a poor planner. And it takes about 40 minutes a week to cut the lawn. You should know when you rent you pay for the 1. Property tax. 2. Mortgage 3. Insurance 4. Repairs 5. The Property manager 6. The owners profit
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  129. It actually wasn’t uncommon for a mother to work part time.
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  130. They are building two bedroom retirement communities where you have to be older than 55 to live there.
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  131.  @myrtlemaude47  here the newer ones are $120K and $200 a year in GA.
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  132.  @colematthews7535  they were not buying that in the 1980’s they were not buying any homes as they had no money living with their mommy and daddies.
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  133.  @coleycole5344  they didn’t it was the forgotten generation that bought it the boomers were struggling to pay for expensive collage.
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  134. I won't have a mortgage that will save me a lot and we will only have one car so that will save a lot more as you won't be paying gas and insurance. The best way to fight inflation is to invest into the stock market.
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  135.  @1isaacgardner  cool mine have not.
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  136.  @1isaacgardner  I have lived in many states.
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  137. Wait a minute you all said it already collapsed.
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  138. America has it defined by one organization for 80 years. Nothing has changed. They look at the data.
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  139.  @Monipenny1000  there are companies that make money on such practices they will except 100 or more applications and if you apply to 9 places at $40 a pop that adds up very quickly. I know some people will take this money but if they fine a qualified application that accepts it they will refund the people that didn’t get checked out. Many more don’t do that. In many places it is hard to find a rental unit and people have been known to fight over them.
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  140.  @nonawolf7495  they should have saved for retirement.
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  141. Well the “experts” were calling for 10-20% correction
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  142. I have my states unemployment is below 2%. They are desperate for employees.
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  143.  @ArchMadman  if you don’t look for a job, how are you unemployed you’re not even trying. If I don’t buy a lottery ticket, do I actually have a good chance of winning the lottery? if you are not looking for a job, you have zero chance of getting a job and it’s very easy to get a job 5,000,000 to 6,000,000 people are hired.
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  144.  @momomama2510  so you don't like it when people retire the number working more than one job is over all still consistent just like part-time workers. Simple facts just like we have 5-6 million hired each month. Did you dig into the details? It doesn't look like you did.
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  145.  @momomama2510  HVAC
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  146.  @momomama2510  the number of part time workers are 27,000,000 and 6 years ago it was 27,000,000. And yes more people are working in their retirement years and even more are not working and they don't want to have a job. Did you even study these numbers?
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  147. The home I grew up in a Northern California only appreciated just over $30K in the last 30 years
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  148.  @kirkpalmer1709  I live in reality and it is great come and join us.
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  149.  @kirkpalmer1709  living in reality. Join us it is great.
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  150. @JacobSmith-xo8sm they just look at more than one.keep your mind closed.
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  151. We already had a recession in 2020 so we are no longer overdue.
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  152. No one said that people with low interest rate wouldn’t sell. They don’t have a high motivation to sell. And you are seeing that home for sale are extremely low in number inventory is extremely low. This “forced sales”haven’t changed that.
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  153. A nice myth remember 5.5 million lose their job every month and 6 million are hired each month. So no you are wrong.
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  154. Then look at the other numbers people who work part-time for noneconomic reasons. It is all there.
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  155.  @AlexParkYT you are unemployed if you don't have a job and are looking for work.
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  156.  @escapetheratracenow9883  good news very few people have more than one job
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  157.  @Steve-ev6vx  incorrect, only just over 1 million of the 4% unemployed get insurance. If what you say is true then unemployment with the government numbers is less than 1%. You should learn the government numbers. Did you know the U6 number counts people working part-time and want to work full-time as unemployed? I don't understand why people like you believe in such lies.
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  158.  @Steve-ev6vx  again you have no clue about the government unemployment numbers. Now where is your source that 4%= the 1.4 million in unemployment. Now prove to us that the Government says that only 35 million people are working full-time and part-time.
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  159.  @Steve-ev6vx  I don't need to prove it it is right in every single BLS Labor report first Friday of every month. You are the one saying they only count people on unemployment. That number is 1.4 million that is 4% of 35 million. So now tell us where did you get your numbers? Where did you get that there is only 35 million unemployed??
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  160.  @Steve-ev6vx  this is who is counted as unemployed from the BLS “The unemployed are classified into one of four groups: job losers; job leavers (those who quit voluntarily); new entrants (those seeking work for the first time); or re-entrants (those who have previously worked but have been out of the labor force for some time). Job losers usually represent about half of the total unemployed.”
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  161.  @Steve-ev6vx  this is How the BLS funds out the unemployment numbers. “As it is impractical to actually count every person in the nation each month, the BLS contracts with the U.S. Census Bureau to conduct the Current Population Survey (CPS), a monthly sampling of about 60,000 households used to estimate the extent of employment and unemployment in the country. The survey asks about the work status of each individual in the household during the week including the 12th of the month.
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  162. Thanks for proving inflation numbers were correct.
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  163.  @donmarek7001  good news we drill for more oil under a Democrat than when Trump was President.
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  164. They can always go into foreclosure and pay more a month in rent.
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  165. If people are buying homes at this price that is what they are valued. As it is most homes sell in less than a month.
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  166. Not in America. We have not come close to one.
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  167. Buyers remorse has always been normal with buying a home. Why do people think this is new?
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  168. It may after all unemployment is extremely low. Sadly for it or increase we need less than that 6-7 million hired each month and we have 10 million job openings.
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  169. You are correct it is exactly like in 1929 people borrowed hundreds of thousands from their homes to invest. Invest in gold it will go up to $10,000 and home values will go to $20,000 and buying a loaf of bread will cost $300,000. There isn't a single factory in America. Unemployment is at 40% we need to get 90-year-olds to stop living off welfare and work. We Joe Biden banned drilling for oil in 2019 republicans had no power to stop it........ Wait a minute everything that conservatives have said didn't happen.
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  170.  @marcusbutron4580  I bought in 2014 when everyone was calling for a 40% crash. Nothing happened. They called buying a home the most unaffordable thing you can buy. I was told no home purchase would good as renting is always cheaper than buying. Again the fake experts are wrong then and now they still are wrong.
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  171. That was cheap for a 2 ton. Here we are to the low end and change $7,000 for it.
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  172. If you lose your job be an adult and get a new one easy.
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  173.  @brwils3378  getting a good job is easy. The 2008-2012 being hard to get a good job is a myth that children keep crying about.
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  174.  @cutime6712  they have been saying that for 10 years.
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  175. Because no one does business like we did 100 years ago. They move to better locations.
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  176. Can't pay your bills? make more money. We call this person accountability. Don't have enough for retirement you should have saved more. Sadly Americans know more about their baseball team or about the Kardashians than about their money.
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  177.  @MichaelBordenaro  that few billion that leaves is nothing compared to the trillions that is spent every year already. The argued about sending other nations aid for and do something against Germany but they didn't for your same argument and we had WW2 for it.
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  178. So what is wrong with her? We have 5-6 million hired each month. What is her excuse?
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  179. It is back to normal levels of 3%
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  180.  @Resmith18SR  why do you believe inflation has been 20% for the last 4 years? The facts are it isn’t 20% every year.
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  181.  @Resmith18SR  tell us how many more homeless are there? You are the expert not the government. Tell us why are all the red states trying to make Biden look good with unemployment and are lying? Tell us how Fuel inflation has been 20% every year yet is going down. Tell us why are the oil companies lying about the amount of oil they pump out of the ground to make Biden look good? Tell us how chicken egg prices are proof of inflation only for 2020-2022 but not now?
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  182. When you compare cost of owning is buying and renting where you want to live. I can find homes cheaper than where I live but I would not want to live there renting or buying. I can rent a $950 apartment 3 bedroom that is the same price as my mortgage but it is extremely small.
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  183.  @janityy  in West Virginia a 300K home is a massive home that would be $1,000,000 in other areas.
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  184.  @m4c4c0 it is my old mortgage. Just sold that house and bought a newer larger home.
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  185.  @Spaethon buying gold is a very poor idea
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  186.  @cjhoward409  I agree with you we have $10,000 for emergency and we fell it is too low but we have 30,000 cash available
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  187. A water heater is extremely cheap and easy to install.
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  188. Not worried about layoffs as we have 5-6 million hired every month for years now.
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  189.  @Dorian_Gray83  they are from the BLS and have been reported for years. It is the same place they report job openings. Google 6 million hired.
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  190.  @Dorian_Gray83  I looked at the BLS and it doesn't show most of the 160 million some odd jobs are not part-time but are full-time jobs. Simple fact that 5-6 million are hired each month.
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  191. I believe we will see that change as more and more people don’t want to get a new mortgage with a higher rate they will not be more inclined to pay off their house, then to move up in size
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  192. Most of these videos are.
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  193. Past nine years I’ve had no repairs. This winter I will be replacing my evaporator coil for my HVAC for $450 and that will be my first repair. Not a single appliance has failed.
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  194. I have found it is great very easy to get a good job. You need to remember 5-6 million are hired each month.
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  195. Please tell us how military spending 30 years ago is affecting GDP so much
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  196.  @jimshoe402  we bought the shells 15 years ago that is when they affected out GDP
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  197.  @jimshoe402  nice myth.
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  198.  @jimshoe402  keep paying what?
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  199. The number of people with 2-3 jobs are not that high.
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  200.  @gertrudewest4535  some times. Job jumping is the fastest way to get pay increase.
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  201. GDP is doing great! Have fun with your doom. I will enjoy the economy.
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  202. Don’t worry that group will still vote for Trump.
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  203. They don’t need a 55% pay increase. They don’t buy the average home. Simple reality why most homes sell in a month.
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  204. LOL it is so fun how people like Bob fall for the fake news with fake math. They simply don’t understand what they read. You say they need 55% higher incomes yet people are still putting 20% down on homes and they sell in less than a month. They are no different than the people calling for a 40-60% housing crash in 2014 due to affordability.
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  205.  @cynwilliams9075  that is a myth put out by people that don’t understand employment numbers.
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  206. It is a simple fact. No one has proven it isn't correct. Even the billion-price study shows CPI is accurate.
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  207.  @hazcat640  that is why we got rid of two negative quarters of GDP is it does not represent what’s the people feels
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  208. Wow that was 2/3 what I paid for my home in 2014 just before the largest real estate crash in history of America.
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  209.  @cabracove  because it is hired in new jobs over lost jobs, not people hired that effect that in a large way. Also what effects it is people returning to the labor force looking for work that effect unemployment increasing. Right now we are basically at full employment.
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  210.  @cabracove  we use the method of if you are looking for a job and don’t have one you are unemployed. Tell us what is the methodology they used? I am willing to bet you are falling for fake news.
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  211.  @brandieleah9305  basic math 161.23 million Americans working 7.2 million looking for work with no job. 99.6 million out of the labor force 16-160 years of age of this group 61.4 million are over the age of 55 and 17 million are from 16-24(school age). So again not an issue. Remember we have 6 million hired each month with million of job openings.
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  212.  @brandieleah9305  I look around and there is help wanted in almost every business. And more is being built every day. Stores are packed mall is full.
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  213. What is wrong with a 100% mortgage?
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  214. The government doesn’t declare a recession.
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  215. Save we have 6 million a month hired so they are getting a job very very fast.
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  216.  @tobyk5149  it is simply living in reality.
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  217.  @hak1985org  ok tell us how 180 foreclosures is extremely bad.
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  218.  @janityy then pay it in Bi-weekly payments it pays the home off faster and saves that interest amount. Right now it is close to $1000 cheaper for me to own each month when I bought it was $200. I bought new 0% down
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  219. Don’t have the pay you want get a new one that is the fastest way for a pay increase.
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  220. Americans have always been very bad at managing their money. This is why they won't teach their kids how to manage money.
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  221. Inflation is back to normal levels. So it pretty much was.
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  222. LOL
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  223. tell us what red state was lying about the unemployment rate to make Biden look good? Why are red states baking jobs numbers to make Biden look good?
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  224. What are you talking about?
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  225.  @ryanlangston439  They don’t do it because they choose not to learn. Most people act like electricity is magic and don’t even know how easy it is. The trades are so hard that doctors cannot do it yet so easy high school dropouts are doing.
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  226. @SC it is 100% reality.
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  227. In the leave it to Beaver era, you had a family of six people living in a 900 square-foot three-bedroom house with one bathroom. Now it’s 1 child in a 3500 square-foot five bedroom house. There was only one car for the entire house, and the mother walked several miles to get groceries. And once the kids were in school, she got a part-time job.
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  228.  @joeswanson733  the average house no one would buy them today. Tell me who would buy a 3 bedroom one bath 900 SQFT home?
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  229.  @joeswanson733  it was new in 2014 so that is 2014 price many older homes you can buy for $150K but they are 20-30 years old
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  230. So you are angry home values went up. LOL it is only a good thing when a Republican is a president
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  231. Change jobs and get a raise.
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  232. Wow we pay $2,000 a year.
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  233.  @Mark-pb8kj  yes. it is great to be a millennial. I am the olderst person at my work
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  234. They only changed it in the 1940’s and we still have them. Simple facts shows we are not in one.
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  235. Get a different job and make more money.
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  236. Willing to bet most of the people who don't believe it are republicans.
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  237. That sounds great we pay the highest taxes of every nation just 4% on 187,000
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  238. You are correct inflation under Obama was 25% and under Trump they increased the rate and inflation his first month fell to 1%.
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  239. Unemployment numbers are very accurate. Remember we have 5-6 million hired each month. If you want a job you can have one.
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  240.  @cliffoilarjr2682  then look at the number that are out of the labor market that want a job but will not look for one. They track that number and over all it is unchanged for 20 years.
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  241.  @jimmiers8218 why look at that number do you hate retired people or stay-at-home mothers?
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  242. Only if they are not looking for a job.
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  243.  @TLA123y6f food and fuel have their own inflation numbers.
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  244.  @twobitsandpepper8235  not qualifying for unemployment does not mean you are not counted as unemployed.
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  245. And people should stop complaining and get a job. Too many children in adult bodies.
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  246. It is doing well. Not the best not the worst.
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  247.  @robertadams1558  LOL really living in a hole? 1. GDP numbers as Trump save he did get a year of 3% annual GDP (something Trump never did). 2. Unemployment is at full employment 3. 6 million a month is hired for his entire presidency 4. We import more from Mexico than China. 5. Inflation is back to normal levels. 6. Foreclosures are at near record lows. I can go on but I doubt you will pull your head out of the ground. Because you still think the president has any major effect on the economy.
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  248.  @Boomercon3000 really Biden was president in 1940’s??? Are you on drugs?
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  249.  @creeper2054  yes. Lived in America all my life have you?
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  250.  @alrxandersmiths242  tell us how did the 20-year long depression look like?
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  251.  @johnlibonati7807  Georgia
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  252. They don’t need to help people burn their retirement as people don’t save as is.
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  253. Good thing our taxes are a lot lower than that.
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  254.  @SomeUserNameBlahBlah  we are most likely in one only one organization declares us in one. They are very slow about such declarations as there is no official definition of a recession. Just as there is no official definition of a depression.
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  255.  @greatriffishere  LOL that is about as weak response as you can get.
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  256. You always can outspend your income. That is the main issue is people outspend their income. People like to call a 401K a scam because “it is locked up” don’t understand the issue is it is too easy to pull it out. Hardship withdrawals have been around for a very very long time.
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  257.  @dazzz887  I am not sure about that I know a few here that bought 3-4 houses next to each other for $100k-175k total for the group(they made three such deals this year) and rents each of the houses between $800-1300.
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  258. The last one only added 150K part time. As it is we have 6 million people hired each month so there is no bloodbath.
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  259. Yes we have the same number of part-time workers as when Trump was president. He must have had a very bad economy…..
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  260. Interesting you are calling for a 40% home price decline nationally over 1.5 years.
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  261. They changed the definition back in the 1940’s. So you are saying we have been in a recession since then?
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  262.  @ronaldellis3229 unemployed is anyone without a job and spend 1 hour out of 4 weeks looking for one.
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  263. You lose your job just get a new one it is very easy
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  264. How are they too low? Inflation is at normal levels.
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  265.  @truther001  yet 6-7 million people are hired every month for years now.
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  266.  @LikeMike-  so nation wide is is crashing 50% prove it.
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  267.  @fusiondensity3287  tell us your proof that housing crashed 50% in 1980.
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  268. It inventories are at record lows right now…..
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  269. The skilled always have a job.
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  270. I will call fake news on this article. Tell us how did they do it before this time when home prices stayed the same for 10+ years? No real equity built can’t sell because it takes 6-7 months to sell in a healthy housing market.
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  271. The last recession was 2020 and lasted a few months
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  272. It isn’t theft most don’t invest and most are extremely bad at investing. The average person gets less than 3% return in their retirement and don’t know what it is invested in.
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  273. You said they were crashing?
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  274. That is not the only value of owning a home. When renting you have to deal with rent going up every year far higher than a mortgage will. And when the house is paid off you will find no where cheaper to rent than owning.
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  275. You may see it correct a small amount. I don't see any reason for a large crash. Inventory is extremely low and foreclosures are also extremely low.
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  276. So are they new jobs or old ones being reposted? There is a difference. We have 6 million people hired each month and 150K-350K new jobs.
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  277.  @jimshoe402  it is simple math they do. The state bases it off of math. When I bought my new built home in 2014 they were dead on. It has gone up since then by an additional $900 over the last 6 years
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  278.  @MichaelBordenaro  not true the last year taxes before we bought were $45 not the $1460 we paid
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  279. Used cars have not seen a 25% increase from last year. They’re actually down in value of food. Inflation is at 5% general inflation is 3.7% home prices of only increased on average 3% year over year.
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  280. Is it a job? It sounds like you are one of the conservatives that want to count stay at home moms as unemployed and 80 year old grandparents as unemployed also.
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  281. They calculate it when you buy it. It is simple math. They did it for us when we bought in 2014
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  282. They bought homes 15-20 years ago and are now losing them because hamburgers are $10
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  283.  @safeandeffectivelol  yes that is why they were going to crash the prices were getting too high and 30 million boomers were going to sell all their homes. Home sales were so bad builders were offering 5,000-15,000 to closing. And to build a fence, and include all appliances because they couldn’t sell homes.
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  284.  @FamousWolfe  home prices were extremely high and home sales were slowing a lot. Builders were offering 5-15K to sell homes. Also 30 million baby boomers were going to sell .
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  285. You enjoy that as for my and my household we will enjoy prosperity
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  286.  @asw654 so homes should be the same price as 36 years ago. Any one that buys or sells one over 100K should go to jail as per you for being communists.
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  287. The Rule of thumb is not mean it is the only metric they use.
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  288.  @CarMaintenanceGuy  in 30 years of driving, I have never seen a case of road rage. Never seen any one even fight in public. It is well documented reason why Americans want to go to the Philippines that related to the child trafficking.
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  289. Jump to another job and make more money
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  290. Angry that your god Trump never got 3% annual GDP?
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  291. There are people with higher rates because they have poor credit and have improved it.
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  292. They will get a job easy remember 6 million are hired a month
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  293.  @knockknock1246  it is simple reality and it is great.
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  294. The number working more than one job is a different employment number just like the 6 million a month we have hired. They are counted as one person working 2-3 jobs. And not many do that.
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  295. So you took the classes from the Pizza delivery guy
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  296. Well he said rent is crashing. So enjoy the crash in the cost of rent?
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  297. Proof?
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  298.  @TomokoAbe_  if no one is buying them why are they building them nonstop at full speed?
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  299. Looks good what is the issue with it? Do you hate people that are 90 years old and are not wanting to work?
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  300.  @paulgillis7647  the people out of the labor force is from the ages 16- they are dead. The vast majority of those out of the labor force are over the age of 64 and the ones 16-54 most of them are women. Then you have disabled people. The number not in the labor force starter increasing in 2001 as they knew it would.
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  301. Funny how in 2022 it was 64% living paycheck to paycheck and in 2023 it is 60% how is a decrease of 4 points an increase? You can always out spend your paycheck.
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  302. I lived through three also 2001 Bush Jr, 2008 Bush Jr, 2020 Trump. It doesn’t feel like it and those recessions were easy times also so I don’t see the big deal even if we enter one.
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  303.  @pojack9979  they were easy times for every area. The people that had issues finding a job looked only 10 hours or less a week for a job.
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  304. Property taxes are cheap that is why.
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  305. No Biden didn’t change the definition of a recession. It was last changed in the 1940’s. You should learn about it it is available in multiple sources even the encyclopedia 40 years ago have it.
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  306. Average home in 1970 was 1500 square-foot the average price for 1500 square-foot house today is 248,000. That is very much affordable. Average price of a 2500sqft home is $390K.
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  307. Funny thing is we have 5-6 million hired each month. So are they a scam?
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  308.  @pabloescobarschanclas  we are not doing better than ever, but we’re doing pretty good. We were also doing well under Trump. Mostly incompetent people can’t find jobs right now.
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  309.  @Matt-y1l  reality can feel dumb but it doesn't change facts.
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  310. Sounds like you should have saved for retirement.
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  311. It is very very easy to get a job if you have any skills.
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  312. The eviction numbers are still not bad. Pre-pendemic evictions were at record lows.
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