Isn't it odd that the period of work necessary to buy a house is closely parallel to mortgage rates? In a true market economy, as the prices of home rise (meaning less are sold) shouldn't the finance rates be falling to encourage buyers? What appears to be taking place is an effort by the Bankers Cabal (who also control builder/developers) to decimate the middle class by making them poor. As Klaus the louse (WEF) said: "You will own nothing and be happy."
Yes, I think the housing "bubble" is likely to collapse, along with the stock market and the value of the dollar.
There are two types: the formal, scholastic one, and everything else you learn in life, summed up in the truism: in real life, the test comes first. But is the headline talking about the easy route to prosperity, borrowing money, going to university, joining a fraternity, and taking the summer months off? I tried that and found out the hard way that there is no easy way. Then I became motivated, manifesting what my future son said when asked what he wanted to do in life: “I would like a comfortable retirement”. After graduating with a B.Sc. and Suma cum laude from a professional school (D.D.S.) ,my real education began.
I had always been engaged with home repair/maintenance by necessity (no money) but my eyes really widened when I saw an article in Heritage Magazine entitled: “My Son, the Plumber”. That was a play-on-words for the motherly braggadocio, “my son the doctor”. The author wrote of her twin boys, one who went on to university, borrowing money to live and for education, graduating from medicine, and becoming an ophthalmologist. His brother decided instead to start as an apprentice plumber right out of high school. They both retired about the same time, but the difference in net worth was significant: the plumber had no debt, bought real estate early, save his money and invested it in stocks and bonds. The doctor had a much smaller nest egg, having to pay off student loans, had no savings to invest, married his wife and bought his house much later with significantly debased currency. Plus the plumber knew how to fix things, the doctor specialist didn’t.
My point is, your success in life is not marked by your success in school (no patient ever asked me where I placed in my dental class) but by the university of experience. Part of that is the observation that what goes up, must come down (i.e., housing along with other manipulated markets like money). And as the drunken uncle advised Dustin Hoffman in “The Graduate”, what ever you do, don’t screw up.
The value of a degreed education vs. a tech school one is a crapshoot today. The cost and time involved in obtaining that piece of paper, once a guarantee of a decent income, may be surpassed today by and education in the school of hard knocks. Then, there are some things that, in general, are not taught. Financial common sense is one. Another is the history of this Republic. That's too bad because today's younger folks do not understand the value of money (rapidly declining) and its use. They also are unaware of what is offered in the way of both freedom and opportunity in this country. Finances, especially in the markets, are manipulated, so there is no guarantee of gain. Much the same with the housing market. So, in the end, the degreed graduate may end up in the same bread line as the plumber and electrician. The best we can do is be frugal (live within our means) and not live as a slave to banks, save when we can (safest bets are in commodities, especially gold & silver) and ride the roller coaster as best we can.
I agree. Now I know why the old folks deplored the younger generation and their missed opportunities. Thomas Edison said, "the problem with opportunity is that it comes dressed in overalls and looks like Work". By the bye, do you know the difference between frugality and being cheap? When you are frugal, you demand value for money; when cheap, you don't pay your fair share.
FF, maybe I am missing something, but I included the mortgage rate in the graph to demonstrate that the period of work necessary to buy a house is independent of mortgage rates. That is the way the graph looks to me. Do you have some other information that I should read about?
Isn't it odd that the period of work necessary to buy a house is closely parallel to mortgage rates? In a true market economy, as the prices of home rise (meaning less are sold) shouldn't the finance rates be falling to encourage buyers? What appears to be taking place is an effort by the Bankers Cabal (who also control builder/developers) to decimate the middle class by making them poor. As Klaus the louse (WEF) said: "You will own nothing and be happy."
Yes, I think the housing "bubble" is likely to collapse, along with the stock market and the value of the dollar.
What is the Value of an Education?
There are two types: the formal, scholastic one, and everything else you learn in life, summed up in the truism: in real life, the test comes first. But is the headline talking about the easy route to prosperity, borrowing money, going to university, joining a fraternity, and taking the summer months off? I tried that and found out the hard way that there is no easy way. Then I became motivated, manifesting what my future son said when asked what he wanted to do in life: “I would like a comfortable retirement”. After graduating with a B.Sc. and Suma cum laude from a professional school (D.D.S.) ,my real education began.
I had always been engaged with home repair/maintenance by necessity (no money) but my eyes really widened when I saw an article in Heritage Magazine entitled: “My Son, the Plumber”. That was a play-on-words for the motherly braggadocio, “my son the doctor”. The author wrote of her twin boys, one who went on to university, borrowing money to live and for education, graduating from medicine, and becoming an ophthalmologist. His brother decided instead to start as an apprentice plumber right out of high school. They both retired about the same time, but the difference in net worth was significant: the plumber had no debt, bought real estate early, save his money and invested it in stocks and bonds. The doctor had a much smaller nest egg, having to pay off student loans, had no savings to invest, married his wife and bought his house much later with significantly debased currency. Plus the plumber knew how to fix things, the doctor specialist didn’t.
My point is, your success in life is not marked by your success in school (no patient ever asked me where I placed in my dental class) but by the university of experience. Part of that is the observation that what goes up, must come down (i.e., housing along with other manipulated markets like money). And as the drunken uncle advised Dustin Hoffman in “The Graduate”, what ever you do, don’t screw up.
The value of a degreed education vs. a tech school one is a crapshoot today. The cost and time involved in obtaining that piece of paper, once a guarantee of a decent income, may be surpassed today by and education in the school of hard knocks. Then, there are some things that, in general, are not taught. Financial common sense is one. Another is the history of this Republic. That's too bad because today's younger folks do not understand the value of money (rapidly declining) and its use. They also are unaware of what is offered in the way of both freedom and opportunity in this country. Finances, especially in the markets, are manipulated, so there is no guarantee of gain. Much the same with the housing market. So, in the end, the degreed graduate may end up in the same bread line as the plumber and electrician. The best we can do is be frugal (live within our means) and not live as a slave to banks, save when we can (safest bets are in commodities, especially gold & silver) and ride the roller coaster as best we can.
I agree. Now I know why the old folks deplored the younger generation and their missed opportunities. Thomas Edison said, "the problem with opportunity is that it comes dressed in overalls and looks like Work". By the bye, do you know the difference between frugality and being cheap? When you are frugal, you demand value for money; when cheap, you don't pay your fair share.
FF, maybe I am missing something, but I included the mortgage rate in the graph to demonstrate that the period of work necessary to buy a house is independent of mortgage rates. That is the way the graph looks to me. Do you have some other information that I should read about?