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The Superbar / Re: US Economy thread
« Last post by Goose on Today at 10:20:47 AM »82
I have asked this question to a good number of people and curious on your thoughts. For anyone that has owned their own home for 5+ years, could they afford to buy that same house today based off of their current income? Virtually everyone said there was a good chance they could not. Those that said yes stated that it would definitely make other living expenses much tighter.
My point is that I 100% believe there is a false sense of security for a good number of Americans. IMO, they likely are the ones that firmly believe the economy is strong. In their defense, it is strong for them because they have a lot more paper wealth than five years ago. I fall into that category but do try and look at the big picture. I highly doubt I would feel so good if my 401k dropped by 25% and my home back to 2000 price levels.
I have asked this question to a good number of people and curious on your thoughts. For anyone that has owned their own home for 5+ years, could they afford to buy that same house today based off of their current income? Virtually everyone said there was a good chance they could not. Those that said yes stated that it would definitely make other living expenses much tighter.
My point is that I 100% believe there is a false sense of security for a good number of Americans. IMO, they likely are the ones that firmly believe the economy is strong. In their defense, it is strong for them because they have a lot more paper wealth than five years ago. I fall into that category but do try and look at the big picture. I highly doubt I would feel so good if my 401k dropped by 25% and my home back to 2000 price levels.