Tiberius Posted March 22, 2020 Posted March 22, 2020 42 minutes ago, Deranged Rhino said: Demise of globalization? That won't happen. That's silly. I know, I know, wait...
Chef Jim Posted March 22, 2020 Posted March 22, 2020 On 3/21/2020 at 7:56 AM, B-Man said: U.S. Orders Up To A Yearlong Break On Mortgage Payments National Public Radio, by Chris Arnold Original Article Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months. Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. . What about renters? I guess we already have protections in place?
/dev/null Posted March 22, 2020 Posted March 22, 2020 On 3/21/2020 at 10:56 AM, B-Man said: U.S. Orders Up To A Yearlong Break On Mortgage Payments 32 minutes ago, Chef Jim said: What about renters? I guess we already have protections in place? Or what about people that have already paid off their mortgage?
Chef Jim Posted March 22, 2020 Posted March 22, 2020 5 minutes ago, /dev/null said: Or what about people that have already paid off their mortgage? Or those that bought our house with cash? 1
Foxx Posted March 22, 2020 Posted March 22, 2020 7 minutes ago, /dev/null said: Or what about people that have already paid off their mortgage? 1 minute ago, Chef Jim said: Or those that bought our house with cash? those mortgage payments will still be due, they will just be put on the backend. not sure how the interest is going to work though.
Numark3 Posted March 22, 2020 Posted March 22, 2020 It is shocking how many individuals can not withstand a brief financial emergency. Finances need to be taught in high school. bills, debt (not all debt), and the creation of an emergency fund NEED to be where the vast amount of your money goes before anything else. Saving, investments, vacations, etc. 2 1
Foxx Posted March 22, 2020 Posted March 22, 2020 Trump is scheduled to speak at 5pm EDT. i wonder if this is strategized to preempt the futures opening at 6pm EDT. if he shuts America down, he better shut the markets too.
Tiberius Posted March 22, 2020 Posted March 22, 2020 59 minutes ago, TPS said: Never waste a good crisis... Ya, Democrats can't agree to that. A Non Disclosure Agree might work with Stormy Daniels but not this. Dems are right to fight to get this right 4 minutes ago, Crayola64 said: It is shocking how many individuals can not withstand a brief financial emergency. Finances need to be taught in high school. bills, debt (not all debt), and the creation of an emergency fund NEED to be where the vast amount of your money goes before anything else. Saving, investments, vacations, etc. Been my experience that you can't teach anyone to manage their money well, some do well, some go gambling, some just spend it as soon as they get it. Thomas Jefferson was terrible with money, for instance, brilliant guy, just not good with money
RochesterRob Posted March 22, 2020 Posted March 22, 2020 2 minutes ago, Crayola64 said: It is shocking how many individuals can not withstand a brief financial emergency. Finances need to be taught in high school. bills, debt (not all debt), and the creation of an emergency fund NEED to be where the vast amount of your money goes before anything else. Saving, investments, vacations, etc. A lot of people are hand to mouth through no fault of their own. People have health problems or somebody in their family does. Some have disabilities. Some are going to work a low wage job because that is all the skills that they have. Not everybody has the potential intellectually for an advanced degree. 1
Foxx Posted March 22, 2020 Posted March 22, 2020 Just now, Crayola64 said: It is shocking how many individuals can not withstand a brief financial emergency. Finances need to be taught in high school. bills, debt (not all debt), and the creation of an emergency fund NEED to be where the vast amount of your money goes before anything else. Saving, investments, vacations, etc. to be fair, society does not foster that mindset. it is always... buy now, pay later. every aspect of commercialism prompts you not to worry about tomorrow. as a result of this, living beyond ones means is how it is done today by a good segment of the population. 1
Numark3 Posted March 22, 2020 Posted March 22, 2020 8 minutes ago, RochesterRob said: A lot of people are hand to mouth through no fault of their own. People have health problems or somebody in their family does. Some have disabilities. Some are going to work a low wage job because that is all the skills that they have. Not everybody has the potential intellectually for an advanced degree. Sure, but that's the exception. 40% of americans don't have an emergency fund of at least 400 dollars. That is awful 7 minutes ago, Foxx said: to be fair, society does not foster that mindset. it is always... buy now, pay later. every aspect of commercialism prompts you not to worry about tomorrow. as a result of this, living beyond ones means is how it is done today by a good segment of the population. Yup, that's why i said it needs to be taught 1
Foxx Posted March 22, 2020 Posted March 22, 2020 14 minutes ago, Crayola64 said: Sure, but that's the exception. 40% of americans don't have an emergency fund of at least 400 dollars. That is awful Yup, that's why i said it needs to be taught but... but... (and i'm being serious) isn't that a Conservative principal? the schools would have to rewrite their entire Liberal curriculum. not sure that is in the budget. 1
Numark3 Posted March 22, 2020 Posted March 22, 2020 Just now, Foxx said: but... but... (and i'm being serious) isn't that a Conservative principal? the schools would have to rewrite their entire Liberal curriculum. not sure that is in the budget. I am not sure where it falls on republican vs democrat spectrum, I don't think like that (you can twist it either way tbh). It is something that needs to be taught though
RochesterRob Posted March 22, 2020 Posted March 22, 2020 12 minutes ago, Crayola64 said: Sure, but that's the exception. 40% of americans don't have an emergency fund of at least 400 dollars. That is awful Yup, that's why i said it needs to be taught I would suggest if it were possible to go out into the communities of WNY and survey people. Many have not had a pay raise in over 20-25 years. They watched their 10-12 dollars per hour that they were getting back in 1995 turn into minimum wage. I could go into Wegman's back in 1995, spend 40-45 dollars and live like a king for a week. 40-45 dollars to spend having to purchase juice, vegetables, etc. does not leave a lot for the meat dept these days. Gas was 1.39-1.49 per gallon in 1995. With crude oil "down" gas is 2.25-2.45 per gallon. A Chevy 3/4 ton 4WD extended cab was around 18-22K in the mid-1990's. Starting price today for a similar vehicle is close to 40,000 dollars. A Toyota Corolla back in the mid-1990's was around 10,000 dollars. Today that same car is 20,000 dollars or more. 1
Foxx Posted March 22, 2020 Posted March 22, 2020 2 minutes ago, Crayola64 said: I am not sure where it falls on republican vs democrat spectrum, I don't think like that (you can twist it either way tbh). It is something that needs to be taught though i never said it was a repub/dem issue. i said it was a conservative ideal (saving for a rainy day) and a liberal ideal (school curriculum). these are generally accepted, aren't they? that they are associated with those particular political mindsets is besides the point. saving for a rainy day is a very much conservative ideal, that can not be disputed with any sense of a logical argument that would withstand scrutiny.
Chef Jim Posted March 22, 2020 Posted March 22, 2020 5 minutes ago, Crayola64 said: I am not sure where it falls on republican vs democrat spectrum, I don't think like that (you can twist it either way tbh). It is something that needs to be taught though Here's the challenge. Teaching it in high school is a complete waste of time. By the time a 17 or 18 year old is working and making any kind of money that can be put aside they will have long forgotten anything they learned an many as 10 years previously. It needs to be taught in the home by mom and dad and reinforced throughout the kids early adult years. The problem here is mom and dad typically don't know what the ***** they're doing. Unless they're working with me of course. ? 1 1
Numark3 Posted March 22, 2020 Posted March 22, 2020 Just now, Chef Jim said: Here's the challenge. Teaching it in high school is a complete waste of time. By the time a 17 or 18 year old is working and making any kind of money that can be put aside they will have long forgotten anything they learned an many as 10 years previously. It needs to be taught in the home by mom and dad and reinforced throughout the kids early adult years. The problem here is mom and dad typically don't know what the ***** they're doing. Unless they're working with me of course. ? Parents in this country are in no way qualified to teach this. And I really disagree, an 18 year old is very close to making money, and they have money at that point. And teaching kids how to make a lot more money through financial principles could be appealing. But I don't know if teaching will fix the issue (just my best idea), but it is such an issue
Foxx Posted March 22, 2020 Posted March 22, 2020 1 minute ago, RochesterRob said: I would suggest if it were possible to go out into the communities of WNY and survey people. Many have not had a pay raise in over 20-25 years. They watched their 10-12 dollars per hour that they were getting back in 1995 turn into minimum wage. I could go into Wegman's back in 1995, spend 40-45 dollars and live like a king for a week. 40-45 dollars to spend having to purchase juice, vegetables, etc. does not leave a lot for the meat dept these days. Gas was 1.39-1.49 per gallon in 1995. With crude oil "down" gas is 2.25-2.45 per gallon. A Chevy 3/4 ton 4WD extended cab was around 18-22K in the mid-1990's. Starting price today for a similar vehicle is close to 40,000 dollars. A Toyota Corolla back in the mid-1990's was around 10,000 dollars. Today that same car is 20,000 dollars or more. not to worry, we are about to see a bifurcation of goods. hyperinflation for essentials and deflation for luxury items.
Numark3 Posted March 22, 2020 Posted March 22, 2020 (edited) 5 minutes ago, Foxx said: i never said it was a repub/dem issue. i said it was a conservative ideal (saving for a rainy day) and a liberal ideal (school curriculum). these are generally accepted, aren't they? that they are associated with those particular political mindsets is besides the point. saving for a rainy day is a very much conservative ideal, that can not be disputed with any sense of a logical argument that would withstand scrutiny. okay, I am just not interested in politicizing that issue, maybe others are Edited March 22, 2020 by Crayola64
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