Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Why are households and non-profits grouped together?
To skew the results.
Quote:
Originally Posted by RD5050
Why does this even matter?
Truth always matters.
Quote:
Originally Posted by Finn_Jarber
Wealthier than ever before. Sounds like good news, but I am sure some will twist it into bad news.
Yeah, because borrowing against the equity in one's homes and having a 2nd or 3rd mortgage has no impact on foreclosures.
Right?
Do you understand that if one defaults on the 3rd mortgage or the 2nd or an HELOC, that is a default, right?
Do you understand that pursuant to federal banking regulations, at 120 days late the bank is required by law to foreclose?
You understand the banks have no choice in this matter, right?
And you understand that it has been that way for decades and decades, right?
So....everyone borrow against the equity in their home then when Obamacare sends you back into a recession, you can have massive foreclosures and another housing bubble bust.
Will you blame Bush for the ACA and your recession, too?
Quote:
Originally Posted by RD5050
Just noticed this year's $2.95 Trillion Dollar gain this year is more than DOUBLE the $1.17 Trillion gain reported on March 7, 2013.
Good....because they'll need to borrow against their equity to pay the Obamacare deductibles.
And just think.....30 seconds ago you were all crying about "Income Inequality"....
I'm not twisting this into bad news so much as making it clearer that these figures do not affect the average person. It's another case of the rich getting richer being portrayed as benefiting everyone.
Strive to be more than average. This is the land of opportunity, and those people who want to be more than average are rewarded. Having said that, even average people in US have 401Ks and houses, so they have also benefitted.
Wealthier than ever before. Sounds like good news, but I am sure some will twist it into bad news.
The stock market and housing market help theses figures.
Yes, and most of the benefit from the stock market goes to the wealthy.
Thanks Obama for continuing to increase inequality!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
