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Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are people so programmed to root against Trump that they’ll go out of their way to downplay positive news?[/quote] Are people so ingrained in a cult that they cannot look critically at information to understand the actual state of our economy?[/quote] In general, Americans are stupid with finances. They used to buy a house with a 30 year mortgage in your 30's, keep it and raise a family, pay it off, and then cash out at 60ish and downsize. Now people use their house as an ATM through a HELOC, blow out any equity they have and live in high debt year-to-year. They flip their house every several years to keep up with the Joneses and take out 96-month loans on the Eurosedan all with the expectation they're gonna work until they're one-hundred. People are not just stupid, they're f'n stupid. :) https://www.marketplace.org/story/2025/06/09/more-older-americans-continue-to-pay-mortgages[/quote] Well some people cannot buy a house in their 30s. I had to wait until 40 because of the GFC and the housing bubble. People aren’t flipping houses much anymore either because of the job market collapsing. Everyone is now stuck in their houses while holding on with dear life to their employment. Mobility isn’t a thing under Trump. (I’m with you on cashing out equity tho! Very dumb. Did they learn nothing from the GFC??) [/quote]
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