Comments by "John Smith" (@JohnSmith-op7ls) on "TheQuartering"
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@dash4800 End of 2019 to today, median US home prices are up about 51%
Anyone saying 30% is lying or hasn’t looked at the numbers and is making wild guesses.
And that’s not including increases mortgage costs, maintenance, insurance, PMI.
Most people aren’t buying homes in cash and even if they did, maintenance costs are way up.
Toss in borrowing for your home like most people do and the increased costs of the home plus mortgage interest on a 30 year assuming you paid 4% in 2019 and 7.5% now, means you’re paying about 161% more for the same home.
Not including maintenance increase, higher real estate agent fees, higher closing costs, higher home insurance, higher taxes, higher PMI.
Just ball parking but with those added in you’re probably getting around 190% more for the same house in just a 4.5 year span.
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@rickycool6083 It makes perfect sense. Western countries set up shop where there is cheap labor, corrupt governments, and little care for polluting the environment.
The only reason they’re bothering to set up manufacturing in India is because China has become too politically unstable and expensive.
Eventually India will get too expensive and they’ll move somewhere cheaper.
This time they’re not putting so much in one country like they did with China.
They’re splitting it across Mexico, India, Vietnam. For clothing they’re moving more manufacturing to Vietnam, Sri Lanka, Bangladesh, and Cambodia.
That growth in India is fueled by foreign investment. Same exact thing happened with China.
Now China is in a downward spiral as the West moves out. Brazil had a similar moment in its past. Where are they now?
India won’t fix any major problems in just 10 years. It will get stuck in the middle income trap just like China, Brazil, South Africa, Argentina, Chile, Mexico, and countless other countries that saw big growth due to foreign investment but never managed to get beyond it.
India is far too corrupt, dysfunctional, and overpopulated to transform itself.
The best it can do is what China did and it can’t even do that because it doesn’t have the centralized political power that China has.
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Tipping is out of control at sit down places. If the owners had to take a income hit due to increased food, labor, rent, utilities,Katie’s, repairs, delivery fees, and advertising costs, why do servers get the same 20%+ tip on food that’s gone up in price 50%?
They’re actually making more than before Covid since nearly all their income is based on tips, which are based on food prices, which have gone up more than inflation.
And they still complain those tips aren’t enough, because they’d like to earn more. Yeah we’d all like to earn more.
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@H.Hardrada Not really an apt comparison. There’s no debate that overheating causes weight gain, it’s a settled matter.
Making America better, is a nebulous thing, outcomes can be subjective.
To start, you have to lay out very specific issues and very specific proposals to fix them.
Then you have to see if there’s any established, demonstrable evidence that supports that course of action will work or not.
Good luck finding that for most things. You can’t just run a bunch of socioeconomic tests with a control on the scale of a large nation like you’re testing some compound on a rodent model.
And anti-globalist isn’t isolationist. You’re reducing it to a false dichotomy.
Globalism is an extreme, it’s been tried, it only benefits large corporations and corrupt politicians.
The pendulum needs to swing back towards nationalism. People should have more direct influence on how their laws, public officials, and economy operate.
The further the governance of these things are from those it affects, the more room there is for corruption, and accountability goes out the window.
Smaller, more localized, fragmented governance not only allows for experimenting with far more socioeconomic ideas, but ensures that when some fail, they incur fewer casualties.
It’s also much harder to corrupt a large number of leaders who are more accountable to their constituents than a handful of elites, pulling strings from behind interchangeable figureheads, there only to provide the thin veneer of self-determination.
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