Half of Americans are saving next to nothing

[JohnR! 5,495]

Two separate planes? Couldn't they use two conjoined planes?

Two separate Air Force planes used for trips.

As do his wife, kids and dog!! Everyone living rent free...

terrible isn't it. i hear he lives in the white house too. RENT FREE.

Edited March 31, 2015 by JohnR!

[Trumplestiltskin 5,791]

Okay Mods, why was my user name changed? How many people here could it possibly of offended?

You too eh?

[OriZ 3,157]

Ain't that the truth. The real problem is what to do with the money.

And you have mainly(not only, but mostly at the moment) the FED to thank for that. By encouraging risky investments that would supposedly create a "wealth effect" and "stimulate" the economy they are basically punishing savers.

Who want's to save money when the interest rate is so so so so low.

It is time to invest in houses, We will never see rates this low in our lifetime.

IMHO home prices are not done going down. The time to invest will come but patience is needed.

[Teddy B 17,251]

And you have mainly(not only, but mostly at the moment) the FED to thank for that. By encouraging risky investments that would supposedly create a "wealth effect" and "stimulate" the economy they are basically punishing savers.

IMHO home prices are not done going down. The time to invest will come but patience is needed.

Going down? Home prices have been rising steadily for a few years now. There is a home shortage going on right now. There are 3 or 4 buyers for each home on the market causing bidding wars, and homes are selling for more than asking price. Home prices are going nowhere but up.

Edited March 31, 2015 by Teddy B

[JohnR! 5,495]

True if you live in 2006.

IMHO home prices are not done going down. The time to invest will come but patience is needed.

[Teddy B 17,251]

True if you live in 2006.

Oriz is like the Mr. Magoo of finance.

[OriZ 3,157]

http://us.spindices.com/indices/real-estate/sp-case-shiller-us-national-home-price-index

See the peak on that chart in mid 2006? See that we are still under that peak? That's called a downtrend.

See the rise since early 2012? That's a correction. It's still within the larger trend down.

So no, they are not done going down. I am well aware that they have been rising for a few years.

Going down? Home prices have been rising steadily for a few years now. There is a home shortage going on right now. There are 3 or 4 buyers for each home on the market causing bidding wars, and homes are selling for more than asking price. Home prices are going nowhere but up.

That's exactly what they said before, too. Good luck. You'll need it.

[Teddy B 17,251]

http://us.spindices.com/indices/real-estate/sp-case-shiller-us-national-home-price-index

See the peak on that chart in mid 2006? See that we are still under that peak? That's called a downtrend.

See the rise since early 2012? That's a correction. It's still within the larger trend down.

So no, they are not done going down. I am well aware that they have been rising for a few years.

That's exactly what they said before, too. Good luck. You'll need it.

Ok Magoo.

Edited March 31, 2015 by Teddy B

[decocker 7,198]

Ok Magoo.

mr magoo misspelled taylor.

[Teddy B 17,251]

http://us.spindices.com/indices/real-estate/sp-case-shiller-us-national-home-price-index

See the peak on that chart in mid 2006? See that we are still under that peak? That's called a downtrend.

See the rise since early 2012? That's a correction. It's still within the larger trend down.

So no, they are not done going down. I am well aware that they have been rising for a few years.

That's exactly what they said before, too. Good luck. You'll need it.

So in other words, when something is on the rise, it is really on the way down??

Got it!

[spookyturtle 9,465]

Going down? Home prices have been rising steadily for a few years now. There is a home shortage going on right now. There are 3 or 4 buyers for each home on the market causing bidding wars, and homes are selling for more than asking price. Home prices are going nowhere but up.

But he lives in Vermont. Home prices are going down, gun prices are going up.

[OriZ 3,157]

Ok Magoo.

So in other words, when something is on the rise, it is really on the way down??

Got it!

Hey, no offense, I've been called worse, usually by people who couldn't comprehend how I knew a train wreck was going to hit them when even they did not.

I see you still do not understand what a trend is.

Even if it were to be the opposite - up and then down - the trend would still be up.

You are misleading people who read what you say to think that house prices are actually on the rise, rising, whatever. When they go past their 2006 peak, that might be true. For now, it is false.

Edited March 31, 2015 by OriZ

[Rob L 3,811]

Hey, no offense, I've been called worse, usually by people who couldn't comprehend how I knew a train wreck was going to hit them when even they did not.

I see you still do not understand what a trend is.

Even if it were to be the opposite - up and then down - the trend would still be up.

You are misleading people who read what you say to think that house prices are actually on the rise, rising, whatever. When they go past their 2006 peak, that might be true. For now, it is false.

Maybe I need to return to remedial English or Econ or Math or something...

"You are misleading people who read what you say to think that house prices are actually on the rise, rising, whatever. When they go past their 2006 peak, that might be true. For now, it is false"

In this case does "house prices on the rise" not begin until they return to their ( admittedly inflated) 2006 price level?

Part 2: What is the correct term for an increase in house prices between the bottom and the 2006 price levels ( if not "on the rise")

[spookyturtle 9,465]

Maybe I need to return to remedial English or Econ or Math or something...

"You are misleading people who read what you say to think that house prices are actually on the rise, rising, whatever. When they go past their 2006 peak, that might be true. For now, it is false"

In this case does "house prices on the rise" not begin until they return to their ( admittedly inflated) 2006 price level?

Part 2: What is the correct term for an increase in house prices between the bottom and the 2006 price levels ( if not "on the rise")

If a house sold for $500K in 2010 and it sells for $600K today, the price went down.

[Rob L 3,811]

If a house sold for $500K in 2010 and it sells for $600K today, the price went down.

Damn, I been doing it wrong. Can I deduct the 100K from my taxes?