Half of the US can't afford to pay rents??? Hmm..tough to believe!.

https://www.cnbc.com/2024/02/06/cre...ating-financial-stress-new-york-fed-says.html

Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

• Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
• Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.

 

https://nowbam.com/rent-prices-vs-inflation-and-income-growth/

 

The real problem is that households with a single earner are being forced to compete with dual-income households with no real mitigating policies. Actually, the lion's share of economic policy and tax law is designed to benefit the dual-income household...

Add in the fact that so many poor are content to just to pay their bills and little else, and you have a race to the bottom. And that bottom is very, very low in quality of life terms. Single earners are being fucked over.

 

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LOL no wonder\ credit card borrowers LOL
Lotto buyers have gotten bigger also \ like Dave[Realtor+ radio ] Ramsey says ''a stupid tax on people that can't do math ''...............................

 

come on, i play lotto when the pot is over 250m, which is very routine these days. one can dream.

 

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LOL
Sure can dream, amen ;
as far as stupid tax on people that cant do math LOL, no thanks.
NO matter what they say i'Ve done/i aint never had to much fun/D SingleTary Song
>4,077,777 Video views...................................................................

 

Yep. I don't know how consumers do it but they always have money to spend. Over a trillion in credit card debt and only going higher....and these folks should but they probably don't care paying interest of 17 to 30% on outstanding balances.
But it doesn't matter if credit card debt is 1 trillion...2 ...3 ...5 trillion as long as they are spending is all that matters since spending makes up 70% of US gdp!!

 

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Good points;
except some ''extremely high returns'' had high risk + went bankrupt, like many union companies have .
[5-7.777]Another advantage of renting, short term , nothing like boots on the ground to test a a neighbor hood.[BIG Disadvantage OF RENT\ IF LANDLADY is a DRAMA QUEEN '' [lol=laugh a little/ i like owner occupied RE better. ]
EVEN a home owners assoc - condo sounds better than rent;
condo=among the more risky + volitile RE solutions.
Great view in Miami+ i enjoyed the palm trees+ view @ the inn LOL
[edit 6%hit rate on credit cards=94%sucess on what/ 20-30 % apr ??]LOL