Posted on 05/19/2022 9:37:14 AM PDT by NautiNurse
“Eating out is costly — worse, maybe, than owning a boat.”
Costco chickens are still $5 and hot dog deals are still $1.50.
Yep, only took 14 years to repeat the EXACT same mistake. Anybody want to venture a guess whose administration had to deal with this (2008-2016)?
They call it “subprime” for a reason.
Maybe not. This article lists several types of loans that are facing increasing delinquencies -- including "credit cards, car loans and personal loans."
There's one type of loan that is conspicuously absent: MORTGAGES.
I suspect this is because mortgage lending standards are much tighter today than they were back in the early 2000s.
I hope so. The empty houses around my neighborhood were a pain. I used to toss a quart of oil into their swimming pools to kill the mosquitoes because vector control needed a court order to enter the property...which never happened.
40 million student loans outstanding.
IF ONLY $10,000 gets forgiven-—that is $400 BILLION gone from Treasury.
I remember when the “Five a loan to everyone who wants to be a homeowner” was flying high.
An ILLEGAL INVADER doing seasonal harvest work got a $650,000 mortgage.
It all came unraveled when he never paid a single payment & it was foreclosed in 6 months....
Lol I used to stand on a ladder by my fence and spray round up into the back yard of the house next door because the whole place would get overgrown and in summer become a fire hazard. Literally 5 foot high dry brush and weeds. Lazy neighbor never did yard work. Eventually the city site him. His solution was to cover everything with concrete. Lolol.
Yeah, I thought those were all Obamabucks from the secret stash under the White House. Who knew?
Welp, it can’t be long before all the local news stations will interview a poor minority or, ever the victim, the single mother, and imply how racist and despicable the credit card companies were for preying on these hapless citizens. Never will they mention Schumer and Pelosi, et. al., who basically force banks to lend to those who are not credit worthy.
Say... didn’t something like this happen in the housing market in 2008? Nah, we couldn’t be THAT stoopid.
You’re being charitable. As the economy has taken the nose dive I’ve noticed people haven’t stopped going out to eat. I submit that for a family of 4 eating out costs roughly 4 times what eating at home costs, (assuming you cook and don’t do uber eats).
Restaurants and bars here in NorCal are packed. Its hard to believe considering how expensive everything is.
“His solution was to cover everything with concrete.”
Well, at least that made you safer so this much was good!
“subprime borrowers”?? I haven’t heard that since the last real estate melt down. Are there still such things?
Many have stopped eating out IMO, and many more have down market to cheaper and cheaper market alternatives. Of course Biden intends to spend another 40B to keep eateries in business.
Not only that, I can get two jumbo hot dogs and a Polar Pop at Circle K for only $4.99!
I don’t have to live that way anymore.
Maricopa County, Arizona is dead serious about mosquitos. They can and will toss you in jail for leaving your swimming pool green.
Good thing the US is still a prime borrower.
For now.
“Ha. I will never ever feel sorry for credit card companies. Too bad for them. They constantly extend credit to very risky people. Then, when TSHF they want a govt bailout. Eff ‘em.”
I’m 83 and this B$ seems to increase about every decade or 10 years, since MLK was killed/Assassinated: April 4, 1968, Memphis, TN..
In the meantime, we have states like Oregone not requiring ability to do basic math and reading to get a high school diploma.
How many, so called high school grads in Blue Cities, for the past 2~4 decades have gotten diplomas for being able to breath? Not about their abilities to read or do basic math?
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