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  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

Huge Surge in Household Net Worth

Discussion in 'Too Hot for Swamp Gas' started by mdgator05, Oct 18, 2023.

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  1. Nov 2, 2023 #101
    vaxcardinal

    vaxcardinal GC Hall of Fame

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    wish my house had appreciated that much. I went from around $400k in 2001 to about ~$900k today.
     
  2. Nov 2, 2023 #102
    cron78

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    OK, now you’re asking for tougher math, so I’m gonna simplify. If I pretend that I paid the entire investment in 2016 while it won’t actually be fully paid for until the end of this year, that means x1.28 to equate to 2023 dollars. Then when I divide my 2023 income by that investment amount I get a ROI of about 12.5%. When the rent goes up after the grant replaces all the 80 year old windows, adds gutters, replaces front and rear doors, sands and seals the HC ramp, and paints the whole damn shooting’ match the ROI will be right at 14%. Still round numbers after all except pers income taxes, but I’m good with these numbers. Still glad that I got in when I did. I have a 103 YO residential total rehab post-Hurricane Michael that will be free and clear and ready to rent in a few months, too. Expect similar returns on it. Decided several years ago to diversify into one commercial rental and one residential rental to add to my small city pension and my 401k from my 28 years of private side career before sucking on the govt teat for a while as a city employee (pension and 457b) and then collecting my SS. Got the bonds (and equities) in the 401k and 457b. Main regret now is that I can’t convince my 22 YO and 24 YO to start their 401k investments. Those boneheads still think they can get rich quick somehow.
     
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  3. Nov 3, 2023 #103
    duggers_dad

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    Not so fast, my friend!

     
  4. Nov 3, 2023 #104
    mdgator05

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    If only there was a way to know that seasonal factors generally cause a drop in unadjusted employment in October. But, that would require having the slightest bit of knowledge about the topic and critical thinking about claims made.
     
  5. Nov 3, 2023 #105
    duggers_dad

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    BTW, what happened in October ? Theory: people who already had three jobs couldn’t stomach adding a fourth.
     
  6. Nov 3, 2023 #106
    mdgator05

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    Your theory is dumb. Multiple job holders are pretty standard for labor markets with low unemployment. As I already pointed out, October is always a low employment month, which is why we do seasonal adjustments on the other raw numbers, to help people understand long-term trends. While the number of employed still grew, the strikes in automotive and film had effects on manufacturing and creative employment. Those were counteracted by increases in other sectors like healthcare. It is highly likely that we see a big jump in unadjusted employment in manufacturing this month, although November does tend to be a high employment month.

    I doubt you will be here in early December to tout the unadjusted numbers due to this seasonal trend.
     
  7. Nov 3, 2023 #107
    duggers_dad

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    Dude must be a Putin troll …

    Jobs Come Crashing Down: October Payrolls Miss Estimates, Rise Only 150K As Employed Workers Plummet By 348K | ZeroHedge
     
  8. Nov 3, 2023 #108
    mdgator05

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  9. Nov 3, 2023 #109
    duggers_dad

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  10. Nov 3, 2023 #110
    duggers_dad

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  11. Nov 3, 2023 #111
    mdgator05

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  12. Nov 3, 2023 #112
    surfn1080

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    M2 money supply is also falling at a rate never seen before but this is mostly due to what the feds are doing.
    It also has not been reliable as any type of economic indicator.

    A lot of policy changes and how the Fed operates has changed this so much.
     
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  13. Nov 4, 2023 #113
    duggers_dad

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  14. Nov 4, 2023 #114
    g8trjax

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  15. Nov 4, 2023 #115
    mdgator05

    mdgator05 Premium Member

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    Lol, you seriously linked "The Economic Collapse Blog?"

    What "The Economic Collapse Blog" doesn't tell you is that this has been true for decades and yet, the economy hasn't collapsed. I'm fact, it was 15% higher in 2017.

    Living Paycheck to Paycheck is a Way of Life for Majority of U.S. Workers, According to New CareerBuilder Survey
     
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  16. Nov 4, 2023 #116
    mdgator05

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    Again, a number that was higher in the recent past, even during growing economies (I don't need to link this claim, as it shows it in the article you posted). So given your linking of this article, which attributes food insecurity to the ending of pandemic-era social safety net programs, does that mean you back the continuation of those programs, with the accompanying expansion of spending and either taxation or debt? Since you care about "the plebs" so much, I figure you must, right?
     
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  17. Nov 4, 2023 #117
    duggers_dad

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    You get a job! And you get two jobs! And you get three jobs!

     
  18. Nov 4, 2023 #118
    citygator

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    Fake graph sucker. Here is the real one.

    IMG_0162.jpeg
     
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  19. Nov 4, 2023 #119
    VAg8r1

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    You do know that a good part of both the underestimate of new jobs as well as the number of employed workers is attributable to the UAW strike against the Big Three automakers.
    US job growth probably slowed in October due to UAW strike
    The UAW strike is over. The job report next will undoubetly reflect the end of the strike.
     
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  20. Nov 4, 2023 #120
    VAg8r1

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    And as I previously pointed out in another post, the number of workers living paycheck to paycheck was higher in 2019 than it is in 2023. If fewer households living paycheck to paycheck is a good thing than Bidenomics is apparently working.

    2023
    62 percent of Americans still live paycheck-to-paycheck amid inflation

    2019
    78% of employees live paycheck to paycheck
     
    Last edited: Nov 4, 2023
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