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2OldSchool 2 points ago +2 / -0

Spot on. I think we will see higher interest rates too. Your 10% is fair, I have heard as high as 12. Those are all pure speculation, but the fact that savings rates are in the crapper, credit card debt is skyrocketing and basic needs are being floated on plastic, doesn't bode well. I can see the left handing over the presidency, just to pull the rug on the economy, so they can do the typical blame the right mantra for 4 years. This time though, Trump is swinging for the fences and one of the main things he wants to kill off is the government job security even when you suck, really bad.

It's going to be interesting to see as we get closer to 2024.

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2OldSchool 4 points ago +4 / -0

correct- I have lost 5 friends, with one more who has leukemia now. No history in family and a strong decent guy who eats right and stays healthy.

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2OldSchool 1 point ago +1 / -0

I had a mortgage at just under 12 in the late 80's. The difference was my house at the time was only 150K. I refinanced it down to less than 6 before I sold it and moved.

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2OldSchool 12 points ago +12 / -0

I am laughing my ass off on the whole irony of the article and the impact. One could say that on the other end of the spectrum we're dealing with H1B's and L1's on shore and dirt cheap resources offshore.

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2OldSchool 20 points ago +20 / -0

They say newcomers accept next-to-nothing for work such as painting and concreting, driving down their own earning potential.

The fucking irony....

I remember in the 80's when regular American citizen could earn a great living doing drywall and framing. Keep in mind that the fresh boarder hopers are getting free housing, food stamps and income from us on top of what they're making on the streets too.

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2OldSchool 3 points ago +3 / -0

That dude on the right looks like one of the eunuch from the late 90's Heaven's Gate death cult. Bowl Cut and all.

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2OldSchool 2 points ago +2 / -0

I just threw up in my mouth.. that was not called for /s

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2OldSchool 1 point ago +1 / -0

^^This In this day and age, it's a requirement. Think hostage situation, shooter etc. As others have mentioned IR is standard on cameras. I have zero issues with grab -assing, but Lauren knowns they have a hard on for her and would do anything to exploit the smallest thing. So when she's getting felt up and it looks like she's giving a simulated tug and rub in a public place with people sitting within a foot of them, you would think she would have more common sense.

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2OldSchool 2 points ago +2 / -0

I can relate soooooo much to several of the comments on that video. The comments about the typical meat grinder that employers run especially during down times. Add to that the profits some manufactures are running under this inflation makes me want to go after some of these people, especially in the food space. I worked for employers that used fear for employee performance. Jack Welsh of GE, stack ranking and lop off the bottom 10 or 20% each year. We did that until all fact, then muscle, then bone then limbs were gone. Fear of losing your gig and individual performance reviews killed off "teaming" or sharing as individuals would retain to make sure they had their goals or gains for performance reviews. Hated that employer and was glad to leave, but it's very common.

CMBS's are going to wreck us bad. Commercial RE is in poor shape. These high rates, trends to WFH, high cost of finance and down turns spell out bad news.

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2OldSchool 4 points ago +4 / -0

KeK- interest rates will be going over 10% easily before the smoke clears. The left is doing everything they can to get this economy over the line into 2024, an election year. If the right wins, you can expect a full court press that the economy is in the worst state it's been in forever. The rewrote what the standard is for a recession. Our interest rates are still going up and there are talks of them reaching 10% plus. We're damn near 8% now and still climbing. Businesses are choking as they run on debt. Cheap debts are gone. Wait for the layoffs to hit. There are a bunch of inventory hitting the market both in single family and apartments. People cannot afford them now. Credit card debt is at the highest point in 20 plus years. Savings rates are at the lowest. Let's also not forget the elephant in the room. Commercial Mortgage Back Securities, commercial buildings are cratering.

Illegals will be getting free money and housing vouchers, we wont. 2024 will be crazy.

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2OldSchool 4 points ago +4 / -0

It all comes down to income versus costs. Average household income in the US is around 74K so lets just say you net 60K a year. Average home is around 425K 10% down leaves you with a 382500 loan. 7% interest PMI 1500K for insurance 2400 for property tax - this will cost around 3K a month, leaving you 2K to cover everything else like health insurance food car car payment and savings.

It's not sustainable

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2OldSchool 5 points ago +5 / -0

KeK- had to look that one up. It's the same as the old similar one where someone has a turtlehead poking out.

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2OldSchool 1 point ago +1 / -0

Seen videos where s/he is walking down the hall looking like s/he packs as much as Big Mike.

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2OldSchool 1 point ago +1 / -0

Seen on the news, the locals there are pissed off. The area they're kept is poor and black and the gibs faucet was shut off long ago. Now comes the buss illegals and over a 100 million has been spent on them. Add to that the foreigners are fighting with the locals. The locals are holding signs that say "Build the wall". Add to that, you have a self avowed socialists as mayor who is on record defending the flash mobs.

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2OldSchool 1 point ago +1 / -0

they spent over 100 million on the immigrants that were bused in. It was all over the news my friend said, now you cannot find it.

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2OldSchool 1 point ago +1 / -0

Ill spent 100Mil on there recent bus loads. Between the internal grift and the gibs, 7 mil is a rounding error.

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