Dismiss Notice
Thanks for being a member of our community. Please donate toward site expenses if you can.

The U.S. housing market downturn will be worse in 2023, forecast Goldman Sachs

Discussion in 'Current Events' started by doombug, Aug 31, 2022.

Page 1 of 2
  1. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    56,871
    Likes Received:
    22,778
    Trophy Points:
    113

    https://fortune.com/2022/08/31/hous...en-bigger-in-2023-forecast-goldman-sachs/amp/

    So we have negative GDP growth, a recession, high inflation, folks beginning to lose their jobs......sure, democrats are doing a smashing job crashing the economy.

    They passed the Inflation Reduction Act, which does not reduce inflation, and Biden is giving out more money for student loans.....how does any of that improve the economy?

    Now the housing market is on the brink of crashing.

    Thanks Biden!
     
    doombug, Aug 31, 2022
    #1
  2. WalterSobchak

    WalterSobchak Well-Known Member

    Joined:
    Jul 21, 2010
    Messages:
    24,807
    Likes Received:
    21,891
    Trophy Points:
    113
    House prices falling is a good thing. Especially for first time buyers.

    And I call BS on your folks losing jobs claim. Let's say your fake new is true, they can easily get a job elsewhere. There are currently over 11 million open positions in the USA.

    https://www.cnbc.com/2022/08/30/jolts-july-2022.html

    Thanks Biden!
     
    WalterSobchak, Aug 31, 2022
    #2
    Hey Now and Melb_muser like this.
  3. Irrational thinker

    Irrational thinker Well-Known Member

    Joined:
    Apr 29, 2019
    Messages:
    1,215
    Likes Received:
    1,120
    Trophy Points:
    113
    Falling home price used to be a good idea. These days, investment firm such as BlackRock, Invitation Homes, and Partners Group are buying entire block or neighborhood to keep the average buyer at bay. Dream of home ownership is lost this generation.
     
    Irrational thinker, Aug 31, 2022
    #3
    Hey Now and doombug like this.
  4. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    56,871
    Likes Received:
    22,778
    Trophy Points:
    113
    So the 2008 falling prices were a good thing? Sure and Covid 19 is good for you....
     
    Last edited: Aug 31, 2022
    doombug, Aug 31, 2022
    #4
  5. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    56,871
    Likes Received:
    22,778
    Trophy Points:
    113
    Yep, the wealthy want to own everything.
     
    doombug, Aug 31, 2022
    #5
  6. Melb_muser

    Melb_muser Well-Known Member Donor

    Joined:
    Aug 13, 2020
    Messages:
    10,608
    Likes Received:
    10,944
    Trophy Points:
    113
    Gender:
    Male
    And the average Republican is wealthier than the average Democrat, so we know who benefits the most :bye:
     
    Melb_muser, Aug 31, 2022
    #6
  7. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

    Joined:
    Jan 21, 2016
    Messages:
    28,181
    Likes Received:
    19,410
    Trophy Points:
    113
    Can you qualify that statement with a link?
     
    Doofenshmirtz, Aug 31, 2022
    #7
  8. Melb_muser

    Melb_muser Well-Known Member Donor

    Joined:
    Aug 13, 2020
    Messages:
    10,608
    Likes Received:
    10,944
    Trophy Points:
    113
    Gender:
    Male
    I'm surprised that you already haven't googled: "correlation between income and political affiliation".

    Would you like me to open up the links and get some quotes and graphs for you or can you have a look yourself?
     
    Last edited: Aug 31, 2022
    Melb_muser, Aug 31, 2022
    #8
  9. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

    Joined:
    Jan 21, 2016
    Messages:
    28,181
    Likes Received:
    19,410
    Trophy Points:
    113
    Sure.
     
    Doofenshmirtz, Aug 31, 2022
    #9
  10. Melb_muser

    Melb_muser Well-Known Member Donor

    Joined:
    Aug 13, 2020
    Messages:
    10,608
    Likes Received:
    10,944
    Trophy Points:
    113
    Gender:
    Male
    ...
     
    Last edited: Aug 31, 2022
    Melb_muser, Aug 31, 2022
    #10
  11. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

    Joined:
    Jan 21, 2016
    Messages:
    28,181
    Likes Received:
    19,410
    Trophy Points:
    113
    Link does not work. I have conflicting data.
     
    Doofenshmirtz, Aug 31, 2022
    #11
  12. Melb_muser

    Melb_muser Well-Known Member Donor

    Joined:
    Aug 13, 2020
    Messages:
    10,608
    Likes Received:
    10,944
    Trophy Points:
    113
    Gender:
    Male
    Melb_muser, Aug 31, 2022
    #12
  13. Melb_muser

    Melb_muser Well-Known Member Donor

    Joined:
    Aug 13, 2020
    Messages:
    10,608
    Likes Received:
    10,944
    Trophy Points:
    113
    Gender:
    Male
    I realized that was only up until 2012
     
    Melb_muser, Aug 31, 2022
    #13
  14. Melb_muser

    Melb_muser Well-Known Member Donor

    Joined:
    Aug 13, 2020
    Messages:
    10,608
    Likes Received:
    10,944
    Trophy Points:
    113
    Gender:
    Male
    It depends how you look at it. I think the most accurate way is to look at income brackets, rather than districts. Republican voters living in Democrat-majority areas seem to do the best.
     
    Melb_muser, Aug 31, 2022
    #14
  15. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

    Joined:
    Jan 21, 2016
    Messages:
    28,181
    Likes Received:
    19,410
    Trophy Points:
    113
    I appreciate that. I have seen many conflicting sources. Your source combines all over $100K into one category. One source says the majority of those making over $500 vote Democrat. The term "wealthy" is constantly redefined. I became wealthy under Obama. Not because I made more money, but because he moved the definition for the purpose of increasing taxes.
     
    Doofenshmirtz, Aug 31, 2022
    #15
    Melb_muser likes this.
  16. Melb_muser

    Melb_muser Well-Known Member Donor

    Joined:
    Aug 13, 2020
    Messages:
    10,608
    Likes Received:
    10,944
    Trophy Points:
    113
    Gender:
    Male
    Sure. Point taken re. Obama - and inflation will also push more of your income into the higher bracket.

    Did you mean over 500k? Yes, that is actually mostly Democrats so it flips again. But I would think that is a small demographic. 100K could well be a modest income in NY or parts of California, but I still think it's fair to say that is a wealthy group.
     
    Melb_muser, Aug 31, 2022
    #16
  17. Canell

    Canell Well-Known Member

    Joined:
    Mar 7, 2011
    Messages:
    4,308
    Likes Received:
    1,829
    Trophy Points:
    113
    Gender:
    Male
    I say bring it on. :juggle:
     
    Canell, Aug 31, 2022
    #17
  18. WalterSobchak

    WalterSobchak Well-Known Member

    Joined:
    Jul 21, 2010
    Messages:
    24,807
    Likes Received:
    21,891
    Trophy Points:
    113
    I'm amazed that you actually admit the year 2008 existed. Most cons pretend it never did.
     
    WalterSobchak, Aug 31, 2022
    #18
    Quantum Nerd likes this.
  19. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    56,871
    Likes Received:
    22,778
    Trophy Points:
    113
    1) I am not a "con"
    2) I admit that Bill Clinton's housing crash happened.
     
    doombug, Sep 1, 2022
    #19
  20. Hollyhood

    Hollyhood Well-Known Member Past Donor

    Joined:
    Apr 9, 2020
    Messages:
    1,592
    Likes Received:
    1,731
    Trophy Points:
    113
    Gender:
    Male
    That doesn't mean anything. What 11 million jobs? Where? What's the salary? People are losing high paying tech jobs. The company I contract with stopped giving me projects three weeks ago.
    https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2022-5

    This is pure propaganda. Nobody gives any F-ing credence to job postings online as real economic data. Companies have robots managing those postings, and there are job openings left open for many months.
     
    Hollyhood, Sep 1, 2022
    #20
    doombug likes this.
  21. FatBack

    FatBack Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    53,480
    Likes Received:
    49,772
    Trophy Points:
    113
    Gender:
    Male
    Progs Act like we have a good President
     
    FatBack, Sep 1, 2022
    #21
  22. WalterSobchak

    WalterSobchak Well-Known Member

    Joined:
    Jul 21, 2010
    Messages:
    24,807
    Likes Received:
    21,891
    Trophy Points:
    113
    Ah, so you automatically fall back on the "these are fake jobs" mantra cause your hero isn't POTUS anymore.

    LOL, figures.
     
    WalterSobchak, Sep 1, 2022
    #22
  23. WalterSobchak

    WalterSobchak Well-Known Member

    Joined:
    Jul 21, 2010
    Messages:
    24,807
    Likes Received:
    21,891
    Trophy Points:
    113
    Cons act like the last dipshit was any good.
     
    WalterSobchak, Sep 1, 2022
    #23
  24. doombug

    doombug Well-Known Member

    Joined:
    May 19, 2012
    Messages:
    56,871
    Likes Received:
    22,778
    Trophy Points:
    113
    The last dipshit we had was obama.
     
    doombug, Sep 1, 2022
    #24
    FatBack likes this.
  25. WalterSobchak

    WalterSobchak Well-Known Member

    Joined:
    Jul 21, 2010
    Messages:
    24,807
    Likes Received:
    21,891
    Trophy Points:
    113
    Nah. The worst dipshit was so bad that he got his ass whooped by ole Joe. LOL
     
    WalterSobchak, Sep 1, 2022
    #25
Page 1 of 2

Share This Page