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  1. #4501
    Veteran DarrinS's Avatar
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    Don't see what that has to do with how deep we might be into another housing bubble.
    We could be, but 2008 was based on money bet on ty loans.

  2. #4502
    Mr. John Wayne CosmicCowboy's Avatar
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    Doesn't sound like CC is a subprime borrower
    Yep. Put 20% down and shop interest rates and its worked so far, plus you get to enjoy the cool stuff.

  3. #4503
    Take the fcking keys away baseline bum's Avatar
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    We could be, but 2008 was based on money bet on ty loans.
    Just taking issue with the idea that home prices always go up.

  4. #4504
    Mr. John Wayne CosmicCowboy's Avatar
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    Just taking issue with the idea that home prices always go up.
    Homes in good places always go up if you buy them right.

  5. #4505
    Mr. John Wayne CosmicCowboy's Avatar
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    I bought my first house at 22 years old. It was 4 bedrooms and 2600sf brand new in a nice area with a big yard and I paid 64k for it. Interest rate was 14% after I paid points to bring it down from 16%. Don't try to bull me about inflation. Been there and done it.
    Last edited by CosmicCowboy; 12-13-2021 at 10:25 PM.

  6. #4506
    dangerous floater Winehole23's Avatar
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    I bought my first house at 22 years old. It was 4 bedrooms and 2600sf brand new in a nice area with a big yard and I paid 64k for it. Interest rate was 14% after I paid points to bring it down from 16%. Don't try to bull me about inflation. Been there and done it.
    You didn't say about Trump's tax cut at the time, and now you're begging for raising the SALT exemption.

    Admit it, you don't give a about fiscal discipline, the deficit or inflation.

    , you just bragged you're so rich you'll beat inflation again.

  7. #4507
    Got Woke? DMC's Avatar
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    You didn't say about Trump's tax cut at the time, and now you're begging for raising the SALT exemption.

    Admit it, you don't give a about fiscal discipline, the deficit or inflation.

    , you just bragged you're so rich you'll beat inflation again.
    You could always get a bike on layaway.

  8. #4508
    Against Home Schooling Ef-man's Avatar
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    You could always get a bike on layaway.
    You could always get an exercise bike to lose 100 pounds.

    But wait, I am on ignore, like the weight scale in your house.

  9. #4509
    dangerous floater Winehole23's Avatar
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    You could always get a bike on layaway.
    No need




    https://bikeattack.com/bianchi-iseo-disc-2022/

  10. #4510
    Veteran DarrinS's Avatar
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    Lol, ing $1K bicycle.

    Bought mine for $20 at a garage sale, but I'm not a pro like you.

  11. #4511
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    I bought my first house at 22 years old. It was 4 bedrooms and 2600sf brand new in a nice area with a big yard and I paid 64k for it. Interest rate was 14% after I paid points to bring it down from 16%. Don't try to bull me about inflation. Been there and done it.
    64k in the 1960s for a 22 year old was a lot of money. Pretty sure you didnt make that flipping burgers while going to college...

  12. #4512
    dangerous floater Winehole23's Avatar
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    Lol, ing $1K bicycle.

    Bought mine for $20 at a garage sale, but I'm not a pro like you.
    I like to ride fast. A $20 bike wouldn't suit me.

    There's faster, to be sure, but I'm not a racer. Just need a good hybrid city bike.

  13. #4513
    Believe. daboom1's Avatar
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  14. #4514
    Mr. John Wayne CosmicCowboy's Avatar
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    64k in the 1960s for a 22 year old was a lot of money. Pretty sure you didnt make that flipping burgers while going to college...
    Nope it was late 70s. Graduated with a 3.6 with a STEM degree and got a good job out of college. Worked my ass off but made decent money. Was single and had roommates to help with the note.

  15. #4515
    Mr. John Wayne CosmicCowboy's Avatar
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    The producer price index jumped 9.6 percent in November compared to the same month last year, the highest year-over-year increase since record-keeping began in 2010.

    Prices still climbed 6.9 percent when excluding food and energy costs, according to the Bureau of Labor Statistics. The PPI tracks changes in the sale price of domestically produced goods, and is a key gauge of inflation.

    Meanwhile, consumer prices rose 6.2 percent in October compared with the previous year, the highest increase in over 30 years.

  16. #4516
    Alleged Michigander ChumpDumper's Avatar
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    Im buying hard assets like crazy. About to throw down on a 750k house in Colorado with 500 feet of an awesome trout stream and negotiating on now. It only appreciates from here.
    You're doing your part to cause inflation.

  17. #4517
    Mr. John Wayne CosmicCowboy's Avatar
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    You're doing your part to cause inflation.
    With 10% inflation and <3% mortgages its a no brainer. Ski area real estate is crazy anyway and getting crazier with remote working. A $300K house here is a Million there.
    Last edited by CosmicCowboy; 12-14-2021 at 11:11 AM.

  18. #4518
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    Isn't it obvious? How common do you think things like this are?



    That's going to leave a mark for a while. And it's not just the US, it's worldwide.
    Germany wholesale price inflation at 16%. Biden's fault

  19. #4519
    Alleged Michigander ChumpDumper's Avatar
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    With 10% inflation and <3% mortgages its a no brainer. Ski area real estate is crazy anyway and getting crazier with remote working. A $300K house here is a Million there.
    I'm not arguing with you. You're illustrating perfectly why inflation happens.

  20. #4520
    dangerous floater Winehole23's Avatar
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  21. #4521
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    It's ALL Biden's fault

    US Wholesale Price- e Worst in the Data, Even Services.

    But Further up the Producer Price Pipeline, Inflation Rages at 28%


    https://wolfstreet.com/2021/12/14/us...s-at-20-to-28/

  22. #4522
    Believe. daboom1's Avatar
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  23. #4523
    🏆🏆🏆🏆🏆 ElNono's Avatar
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  24. #4524
    Got Woke? DMC's Avatar
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    Im buying hard assets like crazy. About to throw down on a 750k house in Colorado with 500 feet of an awesome trout stream and negotiating on now. It only appreciates from here.
    You need to be careful with those types of situations. I'll volunteer to scout it out for you and report back. What's the hatch like? How close to Pego's house in Breck will you be?

  25. #4525
    Mr. John Wayne CosmicCowboy's Avatar
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    You need to be careful with those types of situations. I'll volunteer to scout it out for you and report back. What's the hatch like? How close to Pego's house in Breck will you be?
    Not really close to Breckenridge. In Almont. About 15 minutes from Crested Butte ski area.

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