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| pda, pulp fiction wallet, t shirt affiliate, politics, smuggling, insest, evocative names, camera, cds, arrested, brent bozell, africanamerican vernacular english, record store, canada, bloody mother fucking asshole [ep] [pa] * reviews, p2p, cdu4mkey, desktop, boards, creation, suse, naming tools, maple, cutting edge music, | just to this | comment on the story... | next new ] 25. Re: It's just a correction. by MAYORBOB at Wed 31 Aug 10:38amscore of 2.5 interesting in reply to referals comment 23 I referals would contend that "average Joes" will never get rich off of their home price inflation. That's because, while their home might double in value over time, until the home owner is selling the house, that part of his net worth is not terribly liquid. He or she might take out a home equity loan to get some of that money out of referals the house, but then they're stuck paying that money back over time, plus the interest. Even if the average Joe waits until he's ready to sell the house, he's still got to go live somewhere else. If he's buying a replacement house, that home has increased in price right along with average Joe's house in most cases. |
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| Likewise there has been a large shift from future generations to the wealthy today via tax cuts and deficit spending. While captal gains isnt a leading mechanism, the wealth production has tended to go to the wealthy. Bush:"See, in my line of work you got to keep repeating things over & over & over...to kind of catapult the propaganda." [ ...reply just camera to this | comment on the story... | next new ] 23. Re: camera It's just a correction. by xornand at Wed 31 camera Aug 10:29amscore of 1 in reply to comment 13 thats only with reference to capital gains and when you sell Technically, that's true. I agree that "the wealth production has tended to go to the wealthy". However, in addition to stock market returns being stagnant, interest rates have been very low, and dividends low. I don't know how they're making their money. Average Joes are making it from home price inflation. Everyone is in denial about something. [ ...reply |
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