On the inflation front ...

[unionguy]

Pretty sure the unions busted themselves by disappearing their respective retirement funds repeatedly, thereby instituting laws requiring actual funding and maintenance of those funds

Yeah, that's what happened. It had nothing to do with Reagan busting the air traffic controllers strike and then turning the National Labor Relations Board into a joke, or Taft-Hartley, or "right to work" laws, or how every corporation hires union-busters when their workers try to organize, or how employers can violate our (weak) labor laws with impunity...

I'm also not being flippant. Union corruption is very rare, but when it happens those officials should be thrown in jail as they violated workers trust. The question to ask yourself is this: union corruption is very, very rare. It is far, far lower than corporate corruption. But, we hear about every single instance of union corruption. Whose interests are served by that?

 

[Certaindeaf]

Yeah, that's what happened..

Absolutely.

 

[arakboss]

Ive heard squatters have equal or more rights to your rental house than actual tennants...
Lets start with fixing that.

If there is anything I hate more than freeloaders, it's freeloading squatters.

 

[arakboss]

It might not help renters much but it could help home buyers if this really occurs. I am skeptical that it will, unless this long called for recession finally happens.

Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says

Younger people are struggling to become homeowners partly because older generations aren't selling, the star researcher Meredith Whitney said.

www.businessinsider.com

 

[Provincial]

For seniors, selling and downsizing has become a negative. Between taxes, closing costs, the difficulty in finding an affordable place to purchase and all the other hassles, most find it to not be worth the effort.

Few can handle the other alternative, which is to rent out the existing house and move to a retirement spot (condo, apartment, or development) using the net rent income to subsidize the monthly costs. Since those costs will exceed the rent income, there will be a draw on retirement savings/income that may exceed available funds. Plus management/repairs/maintenance costs for the rental house.

The advantage of the rental strategy is that the capital gains on the house appreciation is tax sheltered to the heirs by the step-up in cost basis.

 

[arakboss]

For seniors, selling and downsizing has become a negative. Between taxes, closing costs, the difficulty in finding an affordable place to purchase and all the other hassles, most find it to not be worth the effort.

Few can handle the other alternative, which is to rent out the existing house and move to a retirement spot (condo, apartment, or development) using the net rent income to subsidize the monthly costs. Since those costs will exceed the rent income, there will be a draw on retirement savings/income that may exceed available funds. Plus management/repairs/maintenance costs for the rental house.

The advantage of the rental strategy is that the capital gains on the house appreciation is tax sheltered to the heirs by the step-up in cost basis.

I imagine if they need constant care like assisted living, some will be forced to sell or let family have it early. Those situations will probably be insignificant to the market.

 

[arakboss]

https://www.axios.com/2024/11/21/trump-tariffs-imports-gdp

 

[nwslopoke]

https://www.axios.com/2024/11/21/trump-tariffs-imports-gdp

So Trump's hand is strong enough to make global corporations react even beforehe takes office. At the same time trying to argue tariffs don't work? After these foreign companies empty their warehouses, what's the next step?

 

[Certaindeaf]

So Trump's hand is strong enough to make global corporations react even beforehe takes office. At the same time trying to argue tariffs don't work? After these foreign companies empty their warehouses, what's the next step?

The first one.

 

[Jay Walk]

Two things

1. Inflation is way more than the 20-30% over five years, that our corrupt government is advertising.

2. Trump will not be lowering prices much.

 

[nwslopoke]

Two things

1. Inflation is way more than the 20-30% over five years, that our corrupt government is advertising.

2. Trump will not be lowering prices much.

More than a Harris administration.

 

[monkeybutler]

More than a Harris administration.

Nope.

Tariffs and kicking out farm labor is going to make things worse. Plus the intended austerity measures Peelon Musk is planning… gonna be a lot of older people on fixed incomes asking "WFT Donnie?"

 

[VinnieBoomBah]

Walmart warns of higher prices if Trump implements proposed tariffs

Walmart CFO John David Rainey told FOX Business that the company won't be immune if President-elect Trump pursues a tariff on imports from all foreign countries.

www.foxbusiness.com

 

[nwslopoke]

Walmart warns of higher prices if Trump implements proposed tariffs

Walmart CFO John David Rainey told FOX Business that the company won't be immune if President-elect Trump pursues a tariff on imports from all foreign countries.

www.foxbusiness.com

Good heavens. We didn't get Walmart in Cornelius until around 2010. How did we ever survive? Being from the west coast I never even heard of Walmart until around 1990, being stationed in the Midwest.

Walmart as well as every other big box store has options. I have options. Several box store have gone under (I thought everyone boycotted Walmart when they dropped ARs and ammo) . No one cried for those other stores.

My guess is Walmart will adapt and survive. The current administration is not apologizing for the current situation. They just gave away $5 Billy to Zelenski above what they already gave, with no regards to our empty pockets.

Fact check me here because I'm not 100% sure, but I believe Biden kept Trumps tariffs on China. I worry less about imports but more on our near future in manufacturing goods here.

 

[Jay Walk]

What's a Wal-Mart?

 

[VinnieBoomBah]

What's a Wal-Mart?

It's like an "After Dark" version of Kmart

 

[Quirt Evans]

This will be among the biggest drivers.
It's the "tax" we all pay for nothing in return.
https://www.pgpf.org/article/what-is-the-national-debt-costing-us/

 

[nwslopoke]

Walmart warns of higher prices if Trump implements proposed tariffs

Walmart CFO John David Rainey told FOX Business that the company won't be immune if President-elect Trump pursues a tariff on imports from all foreign countries.

www.foxbusiness.com

View: https://www.youtube.com/watch?v=82HsrrTExqY&t=962s

 

[arakboss]

Walmart warns of higher prices if Trump implements proposed tariffs

Walmart CFO John David Rainey told FOX Business that the company won't be immune if President-elect Trump pursues a tariff on imports from all foreign countries.

www.foxbusiness.com

Companies will only be able to pass along tariffs if their customers are willing to continue buying what the companies are selling. If the customers refuse to pay the extra cost the companies will have to eat the extra cost. My experience is that customers will pay the extra cost.

 

[Nick Burkhardt]

It might not help renters much but it could help home buyers if this really occurs. I am skeptical that it will, unless this long called for recession finally happens.

Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says

Younger people are struggling to become homeowners partly because older generations aren't selling, the star researcher Meredith Whitney said.

www.businessinsider.com

Real estate is local. Oregon has a regulation problem which keeps housing costs too high

Oregon still far from Gov. Kotek’s 36,000 new homes a year

Homebuilding doesn't appear on pace to meet Gov. Kotek's 36,000 home goal this year as private market forces roil the industry.

www.oregonlive.com