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techno900
Joined: 28 Mar 2001
Posts: 4184
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 Posted: Tue May 14, 2024 2:51 pm Post subject: |
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| boggsman1 wrote: | | No worries Techno...The NASDAQ is at an all-time high today. What does that mean to you? well, 50% of the market cap of NASDAQ is located right here in the Golden State. And the MASSIVE Federal taxes they pay will support many expenditures around the country. In fact , for every $1.60 in FED taxes CA residents like ME pay, CA gets $1.00 in return. So, I would like to request .60c from you Techno, assuming NC is a revenue neutral state. Please Venmo me when you get the chance. |
Am I to assume that you are a supporter of the way these federal dollars are being spent? THAT IS THE ISSUE! The usual dodge, which is getting really old. More and more $ heading down the Calif. toilet. |
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boggsman1
Joined: 24 Jun 2002
Posts: 9150
Location: at a computer
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| Posted: Tue May 14, 2024 2:52 pm Post subject: |
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| In 2022, North Carolina received $35B in excess FED payments, making its the 7th largest taker state.. So , it is I who should scrutinizing your state !!! |
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techno900
Joined: 28 Mar 2001
Posts: 4184
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| Posted: Tue May 14, 2024 3:26 pm Post subject: |
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| boggsman1 wrote: | | In 2022, North Carolina received $35B in excess FED payments, making its the 7th largest taker state.. So , it is I who should scrutinizing your state !!! |
Just another dodge. Are you a supporter of the Fed $ going to the projects in the story? Why won't you answer? There are lots of good projects/causes for Fed money to be spent on, but these Calif. projects are just a toilet bowl. |
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boggsman1
Joined: 24 Jun 2002
Posts: 9150
Location: at a computer
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| Posted: Tue May 14, 2024 3:39 pm Post subject: ! |
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| techno900 wrote: | | boggsman1 wrote: | | In 2022, North Carolina received $35B in excess FED payments, making its the 7th largest taker state.. So , it is I who should scrutinizing your state !!! |
Just another dodge. Are you a supporter of the Fed $ going to the projects in the story? Why won't you answer? There are lots of good projects/causes for Fed money to be spent on, but these Calif. projects are just a toilet bowl. |
the Silicon Valley BART? 100%.. No industry in the history of the country has paid more in corporate taxes or made more Americans millionaires than Silicon Valley .. YES |
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mac
Joined: 07 Mar 1999
Posts: 17781
Location: Berkeley, California
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| Posted: Tue May 14, 2024 10:46 pm Post subject: |
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| techno900 wrote: | | boggsman1 wrote: | | In 2022, North Carolina received $35B in excess FED payments, making its the 7th largest taker state.. So , it is I who should scrutinizing your state !!! |
Just another dodge. Are you a supporter of the Fed $ going to the projects in the story? Why won't you answer? There are lots of good projects/causes for Fed money to be spent on, but these Calif. projects are just a toilet bowl. |
Just another uninformed (uniformed?) get off my lawn rant. I tend to agree with critics of high speed rail—particularly knowing some of the players. The densities just aren’t there to be comparable to successful models in Europe and Japan. The money would have been much better spent on light rail in urban areas. But Techno would have hated on that too. Remember, he is from the land that subsidized growing products that kill 1/3 of those that purchase them. Maybe his 401(k)’s are all in on Exxon—and buggy whips.
If Techno made an effort to be well informed, he might have been able to articulate an informed criticism of the BART extension to San Jose. The system is hardly well managed, and faces a fiscal cliff in operational costs. Securing the right of way makes sense—we are unlikely to ever have enough money to expand highway capacity on that corridor. A reasoned argument could be made that it makes sense, as part of an economic recovery approach to build the infrastructure now because Federal money is available and construction costs will just go up. An equally valid reasoned argument can be made that we don’t know the future of commuting patterns, or office growth, as buildings in San Francisco sell for half what they did three years ago, so we should wait and see. After all, the land can always be sold. Would that California, and this country, had a sane Republican Party that could articulate these arguments and work across the aisle—instead of supporting paranoid theories and insurrection.
I tend to favor the latter argument—because I think there are higher priorities in our urban areas. But I will never expect a reasoned argument from mr pig shit and tobacco. Just ranting. |
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boggsman1
Joined: 24 Jun 2002
Posts: 9150
Location: at a computer
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| Posted: Wed May 15, 2024 5:04 pm Post subject: |
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| Techno ... Steve congrats !! All-time highs today for all averages .. I guess things aren't all that terrible ... |
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techno900
Joined: 28 Mar 2001
Posts: 4184
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| Posted: Fri May 17, 2024 1:21 pm Post subject: |
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| Quote: | California ranks last in opportunity due to cost of living:
According to new state rankings, California ranks dead last in opportunity due to its high cost of living, says the U.S. News and World Report.
USNWR’s report uses cost of living, economic opportunity, and equality to create its opportunity metric. California’s nation-worst cost of living was the main driver of the opportunity ranking, as its economic opportunity and income inequality were both better than more than half of American states’.
“California was the birthplace for opportunity where our ancestors came to seek a better life and pursue the California Dream,” State Sen. Brian Dahle, R-Bieber, who was California Governor Newsom’s opponent in the 2022 general election, told The Center Square. “Housing, electricity, and gas continue to rise, and [Democrats’] solution is to tax, regulate, and mandate no matter the outcome.”
California housing is so expensive that the typical home requires a household income of $224,000, or three times the median household income to afford. Gasoline in California is more expensive than even Hawaii’s, which must be imported across the Pacific Ocean, and proposed taxes could raise gas prices an additional $1.11 per gallon by 2026. The state’s energy is more expensive than any state’s other than Hawaii, further increasing the cost of living.
America’s largest water district, the Metropolitan Water District of Southern California, which supplies water for 19 million Americans, is raising rates 40% due to revenue losses from high levels of water conservation, putting additional pressure on Californians’ budgets. |
https://azdailysun.com/u-s-news-california-ranks-last-in-opportunity-due-to-cost-living/article_1cd8ce82-1473-11ef-b8a8-6f9c599e4021.html |
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boggsman1
Joined: 24 Jun 2002
Posts: 9150
Location: at a computer
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| Posted: Fri May 17, 2024 3:56 pm Post subject: |
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| Yet the state keeps hatching wealthy tech entrepreneurs like nowhere else ... Keep it coming Techno, you're really on a roll now ... |
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mac
Joined: 07 Mar 1999
Posts: 17781
Location: Berkeley, California
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| Posted: Fri May 17, 2024 6:27 pm Post subject: |
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| techno900 wrote: | | Quote: | California ranks last in opportunity due to cost of living:
According to new state rankings, California ranks dead last in opportunity due to its high cost of living, says the U.S. News and World Report.
USNWR’s report uses cost of living, economic opportunity, and equality to create its opportunity metric. California’s nation-worst cost of living was the main driver of the opportunity ranking, as its economic opportunity and income inequality were both better than more than half of American states’.
“California was the birthplace for opportunity where our ancestors came to seek a better life and pursue the California Dream,” State Sen. Brian Dahle, R-Bieber, who was California Governor Newsom’s opponent in the 2022 general election, told The Center Square. “Housing, electricity, and gas continue to rise, and [Democrats’] solution is to tax, regulate, and mandate no matter the outcome.”
California housing is so expensive that the typical home requires a household income of $224,000, or three times the median household income to afford. Gasoline in California is more expensive than even Hawaii’s, which must be imported across the Pacific Ocean, and proposed taxes could raise gas prices an additional $1.11 per gallon by 2026. The state’s energy is more expensive than any state’s other than Hawaii, further increasing the cost of living.
America’s largest water district, the Metropolitan Water District of Southern California, which supplies water for 19 million Americans, is raising rates 40% due to revenue losses from high levels of water conservation, putting additional pressure on Californians’ budgets. |
https://azdailysun.com/u-s-news-california-ranks-last-in-opportunity-due-to-cost-living/article_1cd8ce82-1473-11ef-b8a8-6f9c599e4021.html |
Doom scrolling 1A. They now have graduate courses. Thanks so much for all the constructive and insightful suggestions. |
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real-human
Joined: 02 Jul 2011
Posts: 14965
Location: on earth
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| Posted: Mon May 20, 2024 1:26 pm Post subject: |
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https://www.msn.com/en-us/money/realestate/two-republican-states-housing-markets-are-least-affordable-in-the-country/ar-BB1mJkle?ocid=winp2fptaskbar&cvid=706b131b74ba4364eb1c30deff277d5e&ei=11
Two Republican States' Housing Markets Are Least Affordable in the Country
| Quote: | Traditional Republican areas Montana and Idaho are deemed to have the least affordable housing markets, according to a Realtor.com analysis, amid an inflow of new residents who are competing for a limited supply of homes that is contributing to high house prices.
Realtor.com named Montana 51st and worst regarding affordability (the list included Washington, D.C.), just below Idaho at 50th. Both states have voted Republican in the last six presidential elections.
Realtor.com measured affordability from 0 to 2 spectrum, with 2 being the maximum affordable level. Montana had a 0.41 affordability rating and Idaho scored 0.42. Both states came in less affordable than the national average of 0.65.
"A score of 1 or higher indicates an affordable market, where a family making the median local income could afford to buy at least half of the homes for sale under current mortgage rates," Realtor.com said.
The Context
The Realtor.com analysis found that 24 states likely to vote Republican in the 2024 presidential election had an average affordability rating of 0.70, meaning they are affordable, compared to 19 Democratic states that came in with an affordability score of 0.59, suggesting that they are less affordable.
Read more: How to Buy a House With Bad Credit
The question of how affordable homes are comes at a time when mortgage rates have ticked above 7 percent in recent weeks amid concerns that inflation remains elevated, putting the prospect of a Federal Reserve rate cut in the immediate future on pause. The central bank had hiked rates to battle high inflation, which helped push up borrowing costs across the economy, including for home loans.
The median list price has risen to $649,000 as of April 2024, a jump of $300,000 compared to the pre-COVID levels in February 2020, according to Federal Reserve Economic Data. At the same time, the median household income as of 2022 was more than $67,000. Idaho had a median list price for a home in April at a little more than $573,000 from February 2020's value of $370,000. The median household income is close to $73,000.
Views
The housing market was hit with an affordability challenge as mortgage rates soared on the back of the Fed's rate hikes.
"Housing affordability crept higher across the U.S. from 2018 to 2021 before tumbling through 2022 and into 2023 as high home prices and climbing mortgage rates accelerated faster than wage growth," said Hannah Jones, Realtor.com's senior economic data analyst.
"Mortgage rates and home prices have hovered around the same level over the last year, which means that nationally, affordability has not gotten significantly worse, but it has not improved much, either."
Read more: First-Time Homebuyer Guide
In Montana and Idaho, the affordability challenge was not helped by migration into the states, even though other Republican states tend to offer more affordable homes.
"The states with the worst affordability scores in March were the ruby-red Mountain West states of Montana and Idaho, which are both grappling with an influx of wealthy newcomers competing for limited housing units," Realtor.com said.
What's Next
The question of when homes will become relatively more affordable depends on when the Federal Reserve will slash borrowing costs.
Its policymakers are set to gather at the end of the month to decide on whether they will reduce interest rates or keep them at their current 5.25 to 5.5 percent range, which is at a more than two-decade high. |
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when good people stay silent the right wing are the only ones heard. |
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