Economy

I got lucky and bought a terrible condition house when the prices were way down and fixed it up and then moved up and still have a ton of equity because of that. I'm not saying you don't have to work at all to get into that situation but it does require some luck and that's an unreasonable example to say well I paid it off because I got in at the right point in the housing market. You paid off your loans and kids and you used a huge investment win to do it. You can also talk about rates but if it wasn't worth it still you wouldn't have 2 houses and a lot of equity. 

No one said you have to feel bad about it but getting to that state doesn't mean everything single person can and maybe we should try to help other people out. It's even something to be proud of to get to that point of stability. Pride is fine but using it to say everyone else should be able to is silly. Or just stay with this tribalism bs like their aren't enough resources to go around while you own two houses. This whole thing is a huge gamble for 18 year olds to make and yeah some are going to f#&% it up. Id prefer they can still live a life out of constant debt after a mistake at a developing stage in their life. And id much rather pay a tiny amount more in taxes but have a larger position of the population spending money on goods over interest payments. 

@teachercd that's really great that kids are getting that where you are and hopefully everywhere but that was definitely not the case when I went to college and that means a lot from my generation and previous were in the same boat. And thank you yes I will stick to my guns the same way I did when I said players should be paid. Regardless of what you think about what it has done to college football the sport, that money was clearly there the whole time being withheld. 

I think a lot of this comes down to just acting like people are a commodity of society. Im lucky enough to be good at math and engineering which helps understand finances and also leads to a good paying stable career, but I know there are people that just aren't those things and I still think they should be able to function comfortably in society after making the mistake of going to college which I think most of y'all agree can be a scam. 

 
I got lucky and bought a terrible condition house when the prices were way down and fixed it up and then moved up and still have a ton of equity because of that. I'm not saying you don't have to work at all to get into that situation but it does require some luck and that's an unreasonable example to say well I paid it off because I got in at the right point in the housing market. You paid off your loans and kids and you used a huge investment win to do it. You can also talk about rates but if it wasn't worth it still you wouldn't have 2 houses and a lot of equity. 

No one said you have to feel bad about it but getting to that state doesn't mean everything single person can and maybe we should try to help other people out. It's even something to be proud of to get to that point of stability. Pride is fine but using it to say everyone else should be able to is silly. Or just stay with this tribalism bs like their aren't enough resources to go around while you own two houses. This whole thing is a huge gamble for 18 year olds to make and yeah some are going to f#&% it up. Id prefer they can still live a life out of constant debt after a mistake at a developing stage in their life. And id much rather pay a tiny amount more in taxes but have a larger position of the population spending money on goods over interest payments. 

@teachercd that's really great that kids are getting that where you are and hopefully everywhere but that was definitely not the case when I went to college and that means a lot from my generation and previous were in the same boat. And thank you yes I will stick to my guns the same way I did when I said players should be paid. Regardless of what you think about what it has done to college football the sport, that money was clearly there the whole time being withheld. 

I think a lot of this comes down to just acting like people are a commodity of society. Im lucky enough to be good at math and engineering which helps understand finances and also leads to a good paying stable career, but I know there are people that just aren't those things and I still think they should be able to function comfortably in society after making the mistake of going to college which I think most of y'all agree can be a scam. 
Who are you talking to that you think has 2 houses? I said I had made mortgage payments on 2 different homes. Like most people would need to do, I sold my first home to be able to purchase the next one.

We can agree on one thing, college is a scam for many people. It’s too bad more of them don’t figure it out sooner.  It’s like they’re willfully ignoring the biggest warning sign of having to go deep into debt without calculating how and when they’ll be able to pay off that debt. My savings, investments and home equity shouldn’t figure into their calculations.

And to be clear, I never said anyone or everyone else should be able to do what I did. My point was, don’t act like I owe those people anything just because I was able to do it that way. If we bail out student loans, what’s next? Mortgages? 2nd homes and 2nd mortgages? Credit card debt? Car loans? Business loans? You can make the same claims against any of those that you are attempting to make about student loans. There is nothing unique about student loans that gives them a better claim than anything else. If you think 18-22 year olds and their parents aren’t qualified to make that decision, then maybe we should stop making loans to them altogether. That might actually be a step in the right direction of reducing higher education coats.

 
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Cleveland-Cliffs, the second-largest U.S. steel producer, agreed to buy Canada-based Stelco last year. When asked last week at a briefing about the possibility that Trump would slap tariffs on the company’s newly owned Canadian steel, CEO Lourenco Goncalves said he will abide by Trump’s policies.

“President Trump will do what President Trump wants to do. He has a plan, and I will play accordingly,” Goncalves said. “I’m a big boy. I bought Stelco knowing that Stelco is in Canada. And you know what? America first.”

 
Cleveland-Cliffs, the second-largest U.S. steel producer, agreed to buy Canada-based Stelco last year. When asked last week at a briefing about the possibility that Trump would slap tariffs on the company’s newly owned Canadian steel, CEO Lourenco Goncalves said he will abide by Trump’s policies.

“President Trump will do what President Trump wants to do. He has a plan, and I will play accordingly,” Goncalves said. “I’m a big boy. I bought Stelco knowing that Stelco is in Canada. And you know what? America first.”
Hmmm….more like Cleveland Cliffs first you mean.

Last time Trump slapped on these tariffs the domestic producers just hitched a ride and increased their prices too. Why? Because it’s a commodity and the tariffs drive up the cost of steel that gets passed on directly to consumers. Lourenco Goncalves I’m sure is more than very happy to increase their sales prices of both his domestic and Canadian companies. Yet, just like Trump, he portrays it as some selfless patriotic sacrifice.

I anxiously await my first huge refund check from the External Revenue Service.

 
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Last time Trump slapped on these tariffs the domestic producers just hitched a ride and increased their prices too. Why? Because it’s a commodity and the tariffs drive up the cost of steel that gets passed on directly to consumers
It was already shown to you in months go discussion that the tariffs didn’t affect steel prices overall last time 

 
It was already shown to you in months go discussion that the tariffs didn’t affect steel prices overall last time 
Are you to the point of just making s#!t up now? No, it was not “shown” to me before. Well I suppose in your mind you think you proved some point, but you didn’t.

Let’s try this, how much steel do you buy yearly? I purchase steel pretty much every week. Yet you’re going to tell me what steel prices did or didn’t, will or won’t do?  :lol:

 
Are you to the point of just making s#!t up now? No, it was not “shown” to me before. Well I suppose in your mind you think you proved some point, but you didn’t.

Let’s try this, how much steel do you buy yearly? I purchase steel pretty much every week. Yet you’re going to tell me what steel prices did or didn’t, will or won’t do?  :lol:
what the flock would you know about steel prices.   Trump (all hail Trump) has said that his tariffs don't raise prices so you better stop that woke bovine scatology that tariffs raised prices.  trumps enforcer of truth is here trying to correct us all when we stray from trumps truths so you better listen or you will end up in double secret probation 

 
i was watching the news this morning and they were talking about the eggs shortage.   at first i thought that couldn't be true as america is great again now that trump (all hail trump) is in charge again.  then i checked the project 2025 manifesto and realized it didn't promise lower egg prices. apologies to all who thought voting for trump would make eggs affordable again

 
China figured out how to do AI much much much cheaper.  Market is going to be a f#&%ing mess today.


And the ballyhooed Infrastructure Investment announcement turned out to be $500 BILLION aimed at fostering Ai, which requires a massive amount of power generation that may have nothing to do with heating our homes, propelling our vehicles, or reducing our dependence on foreign oil. 

If only a dedicated gumshoe could find a way to link the actions of the President to the billionaire investors in Ai......

 
And the ballyhooed Infrastructure Investment announcement turned out to be $500 BILLION aimed at fostering Ai, which requires a massive amount of power generation that may have nothing to do with heating our homes, propelling our vehicles, or reducing our dependence on foreign oil. 

If only a dedicated gumshoe could find a way to link the actions of the President to the billionaire investors in Ai......
Now it looks like DeepSeek is getting hacked.  Interesting!

 
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