"#55 | Posted by oneironaut"

I think for this point on the 30s buyers, the statement is meant about 1st time homebuyers. This is true today, but it has been in the 30s since the mid 80s so this is not a recent thing.

"#12 | Posted by SpeakSoftly"

You mean Europe is going to run back and buy Russian LNG - thereby fueling Russia's war machine - if it were not for Trump? Yeah, probably true. Also probably true - US should not be paying for Europe's defense when they are directly funding their greatest 'enemy'.

Alt Headline:

"Waffle House lowers concessions prices for amateur MMA fights"

" And Rine is a sick kid diddler who tries to pretend the FabI isn't on his @ss.
#10 | Posted by lfthndthrds"

I think this is one of the rare subjects on which every poster agrees.

"#50 | Posted by Danforth"

Just shut your mouth and slink away again. I already linked to your greatest failures in my #43. Have you learned to read a chart since then?

"#9 | Posted by REDIAL"

The claim was for LNG - NOT ALL GAS you dumb ------- Canuck.

The only thing honest with that entire article was from the embedded video - over three quarters of the nation's fruits and nuts comes from California. Clownshack - you are a fruit - are you a California fruit?

You know what was missing from that article? How about a picture of a field full of rotting crops. You know if they actually had one, they would have included the picture. More liberal BS.

"I'm saying they're not realistic for the majority of people.
#44 | Posted by ClownShack"

So, we should limit discussion to dirt poor rubes like yourself - like how to save on your water bill by using a 'family flush'? The point of this article is talking about people making $250K. If that discussion offends you because it reminds you of your personal economic failings, maybe you should have not clicked on the thread.

"#2 | Posted by LegallyYourDead"

Is that your official legal opinion from your pretend law school? Nah, seems like your typical zoo monkey flinging --- as usual from you.

"He's 100% against you.
#40 | Posted by Alexandrite"

You really want to link to his post where he demonstrates that he does not know how to read a simple chart? probably one of the reasons why he made his ridiculous "the .1% got a majority of the Trump tax cut" nonsense to begin with.

"Your numbers exist in a vacuum, outside of reality.
#39 | Posted by ClownShack"

And which number is wrong? -------- like you like to fling your --- like a zoo monkey because that is all you are capable of doing.

"#36 | Posted by Scotty"

Literally everything that I say is bang on - which is why none of your -------- will ever challenge my numbers.

"#34 | Posted by Alexandrite"

Jealous much?

Danforth has yet to win an argument against me and I have exposed him as a cosplaying as a 'tax preparer' ignorant of even the most basic tax items. As a reminder, I exposed him lying about what % of the Trump tax cuts the top .1% received and then destroyed him on his ridiculous claim that most of the Trump tax cuts for individuals had already expired - thus proving he never prepared a tax return. For the top .1% claim - it is extra funny as Danforth's problem was a basic inability to read a chart.

Again, I know it pains you - but I have demonstrated by background on this site repeatedly. No one has doubts.

"You've never had a ------- job, you slack-jawed idiot.
#29 | Posted by LegallyYourDead"

Your jealousy is not a good look for you -------. No one that has read my posts has any doubts about my history regardless of how much you wish it was not so.

"With a 30 year mortgage?"

Yes - because normal people don't pay the minimum payment when they have extra cash. For your 30 year mortgage, after 20 years your mortgage payment will be much lower as your salary should have increased by a lot while your payment stays fixed. I paid off my mortgage within 15 years by always paying extra. When I bought my first house, I was 28 and paid ~$500K. At the time, I was making ~$125K-$150 a year.

"Most people, who can, are buying their houses in their 30s."

Yes - thus, your incomes should be higher and you should have a nice downpayment saved up. The only real problem right now is the high interest rates.

"If you can have your house paid off by the time you're 70, you're doing better than most Americans.
#31 | Posted by ClownShack"

Being above average in American is not that difficult. By having a college degree, I was better than most Americans. By having an advance degree from a T-20 school, I was MUCH better than most Americans. By not having a substance abuse problem and criminal record, I was much better than most Americans. Most of this comes does to personal choices and responsibility. Also, I never dropped huge money on cars when I was young. Even my daily driver Mercedes I have now, I bought a 2 year old model.

"You could barely do it on 2 x $100K incomes. And it would be a 2br 1ba without central air.
#27 | Posted by snoofy"

When you are starting out, you buy a condo or a starter home and build equity. You can still get a starter home for ~$650K in San Diego. Granted, it is not beachside in La Jolla and it will be a small 1,200ft 3+2. But, if you do a 10% downpayment, you can swing that on $200K without much struggle.

"If a household makes 250k and they struggle at any time, THEY are the problem.
#24 | Posted by humtake"

That is not the argument being made here - the argument is that they don't feel 'rich' - and I would agree that is true as I detailed above. That is a whole lot different from struggling. If you struggle at $250K, you probably have a coke problem.

"Scott, I am in my mid to late 30's. I work in financial markets and previously dealt with financial planning so I am 100% tracking on everything you are trying to explain to people.
#18 | Posted by Bluewaffles"

Well, it is good at least someone on here has some common sense. I really do try to help these people understand these topics because it will have a very large impact on their life.

For me, I am almost 50 - I have had good paying jobs my whole professional career so I am getting ready for retirement. I was a millionaire by the time I was 30 (totally self-made) mainly due to really good investments in rental properties and I have been stacking cash the last 20 years on top of that. I think I will call it quits in another year or so. Both of my parents died in their 70's so I am hoping that I get 20 years to enjoy myself and then die of a massive heart attack in my 70's - so, no nursing home taking my money and no bad quality of life up to that point.

I have saved and invested well so I think I have little chance of outliving my funds. I did all my world traveling when I was younger so I do not plan to drop a lot on that. I think my biggest expense will be buying quality hardwoods for woodworking.

"#14 | Posted by LampLighter"

The threat of violence is enough to police Snoofy's language in the public space.

It is kinda like why people like concealed carry - you conceal carry so you can shoot someone - you do it so that you don't have to.

"I'm talking about people trying to live day-to-day,
#13 | Posted by LampLighter"

Work harder - simply solution. Bluewaffles is not taking money out of your pocket to amass his savings so why are you so jealous and angry?

"Why does Pres Trump's tax bill seem to give even more tax credits to those "rich" at the expense of reducing healthcare for those who may not be "rich?"
#12 | Posted by LampLighter"

I am fine giving tax breaks to households making under $100,000/year. In fact, I am fine with ELIMINATING ALL TAXES on households under $100,000/year. In total, this would reduce Fed Income tax collections by 12-15% or ~$300B in total. It really wouldn't even be a big increase to the deficit at this point.

You know who will not agree with that? - DEMOCRATS. We see this with them voting against no tax on tips, no tax on overtime, and no tax on social security.

They do this because they know their unwashed mass of voters will continue to fall for their 'paying their fair share' --------.

If taxes were completely removed on under $100,000 - only the dumbest of the dumb would still continue with the 'fair share' nonsense when they are paying $0. And that is why this will never happen - Democrats.

But, I would gladly cut their taxes to $0 just so I never have to listen to a braindead liberal whiner ever ------- mention 'pay their fair share' again. Same reason why we won't get means testing for Social Security - Democrats.

"Scott, I am very similar to your #10 situation and I definitely do not feel rich. I would certainly agree that pulling in 500k a year is def where one would feel "rich."

Like I said, I think it depends on your individual circumstances (married vs. single, kids, loans, location) but a family pulling in $250K at the age of 30 should not be out buying a GT3 RS. They should be trying to get that investment account up so you can start to have meaningful investment gains. However, if you are at the $500K income level - yeah, you should finally start to feel rich.

"I've concluded I'm going to need 5MM in assets by the time I retire to live comfortably.
#11 | Posted by Bluewaffles"

How old are you if I may ask? The big unknown is what happens with inflation and the housing market. If we get Biden level inflation again, that $5M may not be enough if you are talking retirement in 30 years time. The power of compounding interest makes your investments look great - but, it also applies to inflation.

So people can understand this: $5M in 30 years time is worth today:

@2.5% inflation = $2,383,713
@3.5% inflation = $1,781,392
@5.0% inflation = $1,156,887

5% inflation is not unheard of and with our ballooning government debt and spending, we may get this. So, $5M may sound like a lot - but, I don't think anyone with $1.1M in total retirement savings today is living the high life. You are watching your spending so you don't outlive your savings.

"#11 | Posted by LampLighter"

I don't think Snoofy's biggest concern is me when tossing out n-bombs. He has to worry about the 14% of the US population he is directly denigrating.

"... and how can we tell that?
#7 | Posted by LampLighter"

Because he would be beaten within an inch of his life if displayed any of the racism he does here. Fear of a broken nose makes society more polite. While on this board, a 60+ year white old burn-out loser may get a pass or even a few chuckles from the brethren of liberal losers on here when he casually tosses out an n-bomb, in real life - he would receive a severe beating. Snoofy knows this - which is why he only leaves his mom's basement for the weekly hot-pocket supply run.

"#22 | Posted by LampLighter"

I will give you a example related to this board so maybe you can understand.

We all know Snoofy is loser. But, let's say that you allow him to sleep on your sofa until he can get his act together (yes, you have to suspend disbelief and imagine he can actually get on his feet on day). He is your friend so you are willing to help out. Then one day, you come home and your beer in the fridge is gone. Next, you order Uber Eats for dinner but Snoofy takes it and eats it without telling you. Next, you come home and your TV is sold to the pawn shop. At some point, you need to tell your friends that they need to grow up and stopping abusing your kindness and friendship. That is where we are with Canada.

As to their economy, you can just search for real GDP per capita 2010 to 2025 in 2017 constant Canadian dollars (this is called chained inflation). They have not developed economically in 15 years.

2010: $47,879
2025: $46,382

15 years and these ------- got POORER.