Huge Surge in Household Net Worth

How does it allow for less savings? How would you pay for an unexpected large expense with your primary home equity? The only way to tap into it is selling (and now you have buy another house at much higher interest rates), or get a HELOC which is probably going to be at least 11-12% APR.

If you have a bunch of stocks then this discussion doesn’t really apply.

 

Like I said...campaign on it.

 

Wasn't really meaning you run on it.

I'm saying let the Dems run on Biden's record. I'm sure he'll win by a landslide, just like Reagsn did.

 

I think it's an illusuon.

 

I'm 1 vote. Let the dems see how their Guage flesh with the electorate...

 

It’s called Bidenomics and contrary to what sleepy Joe try’s to convince us of “ITS NOT WORKING”

 

Dude all I know everything has gone way up and my income hasn’t. Simply math.

 

I’m retired and on social security so the small crumbs I get every year doesn’t keep up with the increases in every frigging thing we have to have. My family is doing fine because I planned for my retirement but quit trying to convince us the economy is doing fine. Not buying it and most Americans don’t ethier.

 

It answers plenty for what we're discussing here.

Here's what I'll add--when the economy is doing well, my business clients blow my phone up. When it's not going so well, I get lots of bankruptcy, foreclosure defense, evictions (both sides), lawsuit defenses, and business clients asking for payment plans

Based on that Guage, I say....let Biden run on his record. That'll suit me just fine.

 

I am doing fine because everything I have is paid off except my truck which is about paid off. Get your head out of the sand and realize there are a lot of people who are in bad shape I just thank the good Lord I’m not one of them.

 

House may be worth more but you’re not going to sell and live on the streets are you? Rental market is not helpful, still high.
Unless you got a big raise it’s not really helping anyone to have your house gain in value. Just higher taxes.