Ferguson Riots

#3,276
#3,276
Vol8188 said:
If you owe more money than you have, inflation is better for you. Because it decreases the value of your debt. Most people owe more on their home than they even make in year.
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That's the first time I've ever heard that inflation is good for the little guy. Sure, as long as they can make their mortgage payments as the cost of essential items increase while their wages stay flat or decrease, they may sell their house at a profit. But by that logic, everyone should just leverage up to their eyeballs because the value of debt decreases over time. I guess in a way we tried that... maybe next time it will end favorably.
 
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#3,277
#3,277
Vol8188 said:
If you owe more money than you have, inflation is better for you. Because it decreases the value of your debt. Most people owe more on their home than they even make in year.
Click to expand...

Most people are one missed paycheck from financial ruin. As the cost of essentials goes up, they're more likely to lose their home than sell it for a profit.
 
#3,279
#3,279
Vol8188 said:
If you owe more money than you have, inflation is better for you. Because it decreases the value of your debt. Most people owe more on their home than they even make in year.
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Maybe you should have studied some economics. The math in this statement is wrong and it's obvious you are against home ownership.
 
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#3,280
#3,280
82_VOL_83 said:
Maybe you should have studied some economics. The math in this statement is wrong and it's obvious you are against home ownership.
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Against home ownership? And the math is simply. Inflation makes your debt worth less. Just like deflation makes your debt more expensive.
 
#3,285
#3,285
govols/cc said:
Lol rather harsh but faced with those alternatives I bet many would find a way. Of course the libs make it hard to enforce capital punishment on cold blooded killers.
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It was sarcasm but I can't believe we have been tricked to be so non- chalant towards abortion. We kill millions of babies a yr for peoples irresponsible decisions.
 
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#3,286
#3,286
Vol8188 said:
Against home ownership? And the math is simply. Inflation makes your debt worth less. Just like deflation makes your debt more expensive.
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1). Given a period of inflation and a debt of $100 and NO interest. You make $1000 a week and let's say you can skip 6 payments. How much do you owe in future dollars at the end of 6 months. How much is your capital worth at the end of 6 months. I will take a more/less answer for both questions.
2). You said people shouldn't buy homes that are more than they make in a year. That would eliminate most of the country from buying a home or at least buying one in a good neighborhood.


You really should think before you hit submit reply.
 
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#3,290
#3,290
so i am guessing nothing new on the Ferguson front? going by this thread recently you would have thought the cops were out there performing abortions with their 9mms.
 
#3,291
#3,291
LouderVol said:
so i am guessing nothing new on the Ferguson front? going by this thread recently you would have thought the cops were out there performing abortions with their 9mms.
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Still protesting but nothing outrageous. Federal judge filed an injunction yesterday to stop the police from enforcing the, "keep moving" rule they had on the protesters. They have also disrupted a St. Louis Symphony show this weekend and disrupted the Cardinals game last night as well.

Cardinals Fans Get Ugly In Clash With Ferguson Protesters
 
#3,292
#3,292
Burhead said:
Still protesting but nothing outrageous. Federal judge filed an injunction yesterday to stop the police from enforcing the, "keep moving" rule they had on the protesters. They have also disrupted a St. Louis Symphony show this weekend and disrupted the Cardinals game last night as well.

Cardinals Fans Get Ugly In Clash With Ferguson Protesters
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thanks for the update :hi:

at least they are disturbing a large gambit of people here.
 
#3,296
#3,296
LouderVol said:
thanks for the update :hi:

at least they are disturbing a large gambit of people here.
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They are also planning a big "Weekend of Resistance" this weekend, groups from across the country are flying in. Last I heard Code Pink are going.
 
#3,297
#3,297
82_VOL_83 said:
1). Given a period of inflation and a debt of $100 and NO interest. You make $1000 a week and let's say you can skip 6 payments. How much do you owe in future dollars at the end of 6 months. How much is your capital worth at the end of 6 months. I will take a more/less answer for both questions.
2). You said people shouldn't buy homes that are more than they make in a year. That would eliminate most of the country from buying a home or at least buying one in a good neighborhood.


You really should think before you hit submit reply.
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1. Of course you'll take that a more/less answer, because you didn't give enough information. But thanks to inflation your debt is now worth less than it was to begin with:

Example: if you owe 100,000 on your home and inflation is expected to be 3% for the next year. Inflation would make it as if you had only narrowed 97,000. Inflation decreases the value of your debt. Deflation increases the value of debt. So deflation is only beneficial for people who have more money than they owe.

2. What? So most people should live in 40-50k dollar homes? Do you make the same amount of money that you payed for your home?
 
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