Thank you Mr. President
- Thread starter dbjork6317
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I definitely feel for your age group when it comes to housing (I’m 40 fwiw). Current prices combined with high interest rates are a challenging combination, particularly in desirable areas like Charleston as you mentioned. The cost here is a big hurdle. Starter home price in Mt. Pleasant is $7-800K. $2M honestly doesn’t get you anything special. With 7% interest rates, that’s a lot.
We bought our first house for around what you did. This was in 2009. Then moved into our current house in 2016. That house is worth 3X+ what we paid in 2016. And thankfully - I think actually due to a recommendation to a jumbo lender by @Cocks are Number 1 during Covid - we refinanced to a 2.875% rate. So we timed things well, but I’m not sure there will be opportunities like that going forward. At least not in high demand areas. Potentially in future up and coming areas.
Meh. Depends on how much you value quality of life. Hard to beat what we have here.
Im sorry that you don’t understand basic macroeconomics. Near zero interest rates during a 10 year bull market is absurd negligence and Trump openly threatened to remove Powell from his chairmanship if he raised rates because he was more concerned about the immediate optics of stock market go up than the long term viability of the economy.
I love Charleston and if my line of work provided opportunities there I’d consider moving. That said, the marginal quality of life in Charleston over that in say…Rock Hill, Greer, Lexington, or Aiken isn’t so great that it overwhelms the inability to save at all because of the price of rent. Financial independence in the midlands > living hand to mouth in Charleston.
Fair, and the calculus has definitely changed in the last 5 years or so. We have an amazing setup here, but I don’t think even we could do it now if we were starting over. I just did some quick math and our monthly mortgage/insurance/taxes would be ~5X what it is now if we were to buy at today’s prices and interest rates.
I do understand the bottom line brother and Trump did stuff to help the American people. The zero or near interest rates were already in place before his term anyway and he fought the Fed to keep them low. With rates now raised due to the smothering inflation it's putting a double whammy on young families that want to get into their first home.
I would definitely consider going back to Charleston if the opportunity arose but I’d need a solid pay bump to justify it, especially coming from OKC where cost of living is low and quality ain’t too shabby either.
Probably would more likely move back to Greenville before Charleston.
Do you not understand the fact that his violating a century of convention to influence Fed decision making on rates is precisely why we have that inflation and the current necessity of higher rates?
Had Trump allowed the Fed to raise rates in 2018-19 instead of throwing near zero rates on top of tax cuts, a strong stock market, and an already overheated housing market, then the fed’s powder would have been try in 2020 when Covid hit and they would have been able to float the economy with normal monetary measures instead of having to resort to direct stimulus. A decade of low rates + (necessary at the time) stimulus + Covid and geopolitical supply chain disruption + wage growth as the labor market chases the grey wave is why we’ve had the rising prices in the first place.
If you’re going to blame Biden for the higher rates in response to inflation and ignore the fact that his predecessor bares primary responsibility for the conditions that created that inflation then you’re a dishonest clown.
Honestly bro I think your analysis is incorrect and you are trying to complicate what is simple. Trump ran the economy great and it was self-evident to families across the nation just as the polls and interviews show that families are not happy now. Once again I am asking you specifically what actions has Biden taken to improve the economy and help American families?
Have you ever thought about maybe doing something with your life other than spending all of your free time spreading misinformation from bottom-feeding AI bots? Think about the good you could have done if you had used these thousands of hours you contribute to malicious conspiracy peddling to helping those in need instead.
President Trump's economic plans keeping us afloat until he retakes the WH with no thanks to China Joe.
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lol, ok, whatever you say. Can you pull that fox news report for us to consider?
when i recall the days of the trump presidency, all i see are the visions of people rioting and looting in the streets and anti-americans rushing the capitol to violently prevent the bona fide outcome of a US presidential election. Mustn't forget trump acting like an idiot all day on TV during covid lockdown, showing his unique crisis management skills.
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You got a problem with Fox? Go ahead and tell us about it and how they compare to the other major networks.
Behind closed doors? Just listen to the treasonous words that he says in public. The choice is democracy or autocracy.
And what position of his America First agenda is treasonous? Be specific please.
Democrats on here get their news from Comedy Central and their orders from Hollywood elites.
And that's worse than MAGAs getting it from anonymous twitter posters with avatars of roman busts, old dudes wearing oakleys in car selfies, and cartoon monkeys?
Real question- how do the ‘non arrest’ policies (where they don’t arrest anyone for a crime under a certain amount, etc) that are famous in several large cities affect this?
The OP was regarding violent crime statistics. I don't know of any violent crimes where people aren't getting arrested. I know that some cities have implemented non-arrest policies for nonviolent crimes, but nothing for violent ones. I'm happy to be proven wrong, though.
I honestly have no idea. I was just pointing out that the FBI reports are pretty much what we use to rate crime and that's what we've been using for years. Folks were bitching about the numbers b/c heaven forbit the crime rate comes down. I was just pointing out the numbers, I have no special insights into said numbers. If overall murder and violent crime is down, that's good. Period.
Kind of like the when the COVID vaccine came out and the death rates from COVID dropped (and before the vaccine came out to be fair). There were folks on here saying the CDC was faking the numbers on mortality. While I find that not likely, the REALLY funny part was that they were using earlier CDC mortality numbers to discredit the CDC numbers.
