The Home Improvement Thread

[sweetcell]

bragging (...) to cover up deep-seeded unhappiness

AKA the raison d'etre of dick-measuring contests?

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

Maybe you actually have an idea on an investment that would make you way more money than the savings that will accrue from plowing more of your disposable income into your mortgage

Apparently bitcoin can be very lucrative, as long as you don't forget your password.

yikes...$220 million
There has to be a way to get around that Ironkey

this is a scary fact too
around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets,

I knew a guy who mined bitcoin back in the day
he had about $20k around 2011...and someone hacked his wallet and stole it all
would be worth millions today

[Julian, Bespoke SEXPERT]

bragging (...) to cover up deep-seeded unhappiness

AKA the raison d'etre of dick-measuring contests?

Exactly.

[hutch]

Anyone else notice?

https://www.zillow.com/mortgage-learning/trends/mortgage-rate-update/

https://fred.stlouisfed.org/graph/?g=NUh

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

I couldn't imagine what it would have been like to get a loan in 1983
30 yr fixed at 17.5%!
and that was the avg, if you had bad credit it was surely close to 20%

My FIL still brags about how they got all these 18% CD's then (again, low mortgage rates really hurt peoples ability to save)

[hutch]

I couldn't imagine what it would have been like to get a loan in 1983
30 yr fixed at 17.5%!
and that was the avg, if you had bad credit it was surely close to 20%

My FIL still brags about how they got all these 18% CD's then (again, low mortgage rates really hurt peoples ability to save)

There was a point where my dad was getting over 20% a year on his deposits in a US bank!! Of course there was more inflation but still

Of course he blew all his savings multiple times... urghhh.. he might as well have spent it

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

honestly, I think the USgovt should incentivize savings
and make some sort of tax code thing where if you have less than 100K in savings in the bank you earn 5%

[Julian, Bespoke SEXPERT]

Of course he blew all his savings multiple times... urghhh.. he might as well have spent it

How did he blow it without spending it?

[hutch]

Ok bad investments ..

I guess that’s spending but it’s not like we ever spent it on ourselves

Then he lost his mind and who knows what he did.. you know how old people lose their minds..

It’s not for lack of my trying to help him

But long story and very bad memories

[vansmack]

honestly, I think the USgovt should incentivize savings
and make some sort of tax code thing where if you have less than 100K in savings in the bank you earn 5%

Well, that's one way to kill economic growth....

[hutch]

I don’t know... seems like something might be wrong with an economic model that requires most of its people not have a couple of hundred bucks saved...


Or not..maybe our economy is perfect cause we are number one!  Never mind how long

[Dejecty-hatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

honestly, I think the USgovt should incentivize savings
and make some sort of tax code thing where if you have less than 100K in savings in the bank you earn 5%

Well, that's one way to kill economic growth....

why because it worse to encourage people to save and not blow their entire paycheck week after week and being in debt their entire life

Our economy is based on every American spending all their money on useless consumer goods and keeping up with the joneses
It's kinda worked for the last 70 years, but I don't think it's sustainable...but boy did the 1% really get rich off that model

I mean they always try to juice the market by helping the wealthy get more...so they will 'hopefully' put it back into the business and hire more
but it NEVER works that way, they do stock buy backs and give executives bonuses.

Say we look at the trump tax cut, what if they flipped that and helped the lower end of Americans...do you think we'd come out on the other end a lot worse.  We'll never know because that's not how our gov't operates, corporations are people and have votes

[hutch]

X

[Julian, Bespoke SEXPERT]

honestly, I think the USgovt should incentivize savings
and make some sort of tax code thing where if you have less than 100K in savings in the bank you earn 5%

Well, that's one way to kill economic growth....

So you’re not a fan of Hutch getting named Active Fed Chair?

[hutch]

Hey now I am an Econ major from U of R!!!