Admin
Administrator 
Posts: 377
|
Post by Admin on Jul 25, 2013 14:19:46 GMT
|
|
|
|
Post by JP5 on Jul 28, 2013 23:00:08 GMT
IF our debt is declining any at all.....it's because the liberals are being brought along kicking and screaming! There's about to be another budget fight and a debt ceiling fight....and the libs wants to raise BOTH!!
|
|
cubed
Scribbler
Consumate Snowball Artist
Posts: 9 
Politics: Center/Left of Center.
|
Post by cubed on Aug 5, 2013 14:13:03 GMT
Ugh,I hope my fellow country people don't start drowning in debt. Our economy is doing ok and we don't need any bubbles or crashes to upset our apple cart.
|
|
diuretic
Scribe
Posts: 49
Politics: Centre Left
|
Post by diuretic on Aug 10, 2013 6:16:47 GMT
Interesting that Hamilton has featured a rise in net worth, maybe Torontonians are getting out of the 416?
|
|
|
|
Post by beevee on Aug 13, 2013 12:52:00 GMT
I don't see an increase in property values, at least not in the areas that I frequent. In fact, in the Mont-Tremblant area, which once was known as a paradise for visiting Americans, values have been falling for years due to the lack of vacationers to the area.
|
|
|
|
Post by wyly on Aug 15, 2013 1:01:49 GMT
Ugh,I hope my fellow country people don't start drowning in debt. Our economy is doing ok and we don't need any bubbles or crashes to upset our apple cart. problem is managing without borrowing is very difficult and getting worse...when I was a kid a single parent usually the father had no problem buying a home, feeding and clothing a family, getting married in their early to mid 20's buying a home on one income was quite common...I bought my 1st home with $5K in sweat equity back in the 70s...now it routinely takes two incomes after a number of years of saving, with fewer kids as well... this the result of a free market/globalization where the income gap between the wealthy and middleclass is growing...full time jobs are disappearing contract work becoming the new norm, our country is changing from manufacturing to one of service industries, the free marketing system is no friend of the middleclass... |
|
|
|
Post by wyly on Aug 15, 2013 1:07:24 GMT
I don't see an increase in property values, at least not in the areas that I frequent. In fact, in the Mont-Tremblant area, which once was known as a paradise for visiting Americans, values have been falling for years due to the lack of vacationers to the area. what's the time scale for your property value observation, 5 yrs, 10, 15, 20, 30 ?... where I live it keeps rising, it'll level or slow when the economy slows but always goes up, I've seen home values in my neighbourhood go up 150% over 10 years... |
|
|
|
Post by beevee on Aug 16, 2013 3:45:15 GMT
Over 8 years in respect of property in the Mont-Tremblant region.
|
|
|
|
Post by ShivaTD on Aug 16, 2013 16:49:40 GMT
IF our debt is declining any at all.....it's because the liberals are being brought along kicking and screaming! There's about to be another budget fight and a debt ceiling fight....and the libs wants to raise BOTH!!
When it comes to the US public debt it is easily resolved. First all cut expenditures starting with the elephant in the living room that is the DOD budget that is responsible for most of the US debt. Also remember that Social Security/Medicare have never contributed one dime to the national debt because the FICA/Payroll tax revenues have exceeded the total expenditures of both programs. We should also realize that providing assistance for those in poverty in America so that they have food to eat and a roof over their head is far more important than sending US soldiers off to die in foreign countries like Iraq and Afghanistan. I would much rather see a poor child in America have something to eat than see a coffin with a dead US soldier in it personally. Others may prefer the opposite but I don't.
Next increase taxation so that it pays for the authorized expenditures of which is what Bill Clinton did and which President Bush immediately reversed with tax cuts so that since 2001 the US has not collected more revenue that expenditures to pay down the national debt which is something Bush promised in his 2001 State of the Union Address.
But this thread is on personal wealth and debt so none of this is applicable to this thread and I'll address the topic in my next post. |
|
|
|
Post by ShivaTD on Aug 16, 2013 16:59:19 GMT
I have a serious problem with these studies because they are based upon pure speculation.
A person's wealth is based upon "assets minus liabilities" but when we address "real estate value" this is based upon an estimate using "assessed value" that is speculative. Just because the tax assessor estimates my real estate at a specific amount, say $200,000, it doesn't mean I can sell it for that amount. I might only get $175,000 or could lose it in foreclosure if I'm in dire straits financially and can't afford the mortgage. It also typically ignores the mortgage and the person doesn't own the entire value of the home. A person with an assessed $200,000 home might owe $225,000 on the mortgage and actually be $25,000 in debt.
The only true value of a home is what the person paid for it. They might sell it for more later or they might be forced to sell it for less later and I don't believe in "counting your chickens before they hatch" regardless of whether this deals with real estate or stocks. The only legitimate measure of "wealth" is "liquid assets" as everything else is speculative at best.
|
|
