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Covid-19 Coverage for the Uninsured Is Ending federal funds for treatment and testing will no longer be made available for the most vulnerable

VySky said:
Sequence of events to obtain insurance.
#1. Get a job
#2. Move out of mom’s basement
#3. Pause online gaming and porn
#4. Buy insurance (hint- may have to eat out less)

Then after all of that and one is still worried about a runny nose then I’m out of suggestions.
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LOL. Has to be a boomer. "Eat out less" to pay for health insurance, and of course skip the Starbucks to pay for a house. Only the boomers think this is a reasonable suggestion.
 
Deuce said:
LOL. Has to be a boomer. "Eat out less" to pay for health insurance, and of course skip the Starbucks to pay for a house. Only the boomers think this is a reasonable suggestion.
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Seems like in your world, only boomers understand that anything done, or left undone, today impacts what NEEDS to be done tomorrow.

Seems obvious to me.

Not understanding that your actions impact your future seems damaging. Maybe damning.

Failing to plan is planning to fail.
 
code1211 said:
Seems like in your world, only boomers understand that anything done, or left undone, today impacts what NEEDS to be done tomorrow.

Seems obvious to me.

Not understanding that your actions impact your future seems damaging. Maybe damning.

Failing to plan is planning to fail.
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I have no idea what point you think you're making but I think you've misunderstood my post wildly.
 
Deuce said:
I have no idea what point you think you're making but I think you've misunderstood my post wildly.
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Your post and mine are inextricably intertwined.

That you don't understand this says more about you than you can understand. Obviously.
 
code1211 said:
Your post and mine are inextricably intertwined.

That you don't understand this says more about you than you can understand. Obviously.
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Have you considered the possibility that you are the one who failed to understand? Skipping a daily Starbucks drink doesn't make one able to suddenly afford a house. That's math.
 
Thanks Democrats. Just pretend covid doesn't exist and it'll go away like magic...
 
Deuce said:
Have you considered the possibility that you are the one who failed to understand? Skipping a daily Starbucks drink doesn't make one able to suddenly afford a house. That's math.
Click to expand...

I have highlighted the key ward upon which your misunderstanding is based.
 
code1211 said:
Seems like in your world, only boomers understand that anything done, or left undone, today impacts what NEEDS to be done tomorrow.
Click to expand...

Jarring to hear the Locust Generation described in such terms.
 
code1211 said:
I have highlighted the key ward upon which your misunderstanding is based.
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I would honestly suggest that the price of a 20% down payment on a house might actually be rising faster than dropping a $5/day Starbucks habit would gather over any timeframe. That's $1825/year if you do it literally 365 days a year, *5 as this represents 20% of a house's value is $9125/year. My house sure as hell is going up in value faster than that.

So, actually, dropping a Starbucks habit even for an entire century does not get you a house at current rates!!
 

Covid-19 Coverage for the Uninsured Is Ending federal funds for treatment and testing will no longer be made available for the most vulnerable = the Trump republican party brought this COVID 19 and such to the USA by their ignorance which makes this a BIG GOVERNMENT RESPONSIBILITY UNTIL COVID 19 AND VARIANTS ARE BROUGHT UNDER CONTROL NO MATTER HOW LONG IT TAKES.​

 
COVID 19 is a big reason to bring single payer so everyone is covered 24/7 no matter what!
 
VySky said:
Sequence of events to obtain insurance.
#1. Get a job
#2. Move out of mom’s basement
#3. Pause online gaming and porn
#4. Buy insurance (hint- may have to eat out less)

Then after all of that and one is still worried about a runny nose then I’m out of suggestions.
Click to expand...
1649378563701.png​
 
Deuce said:
I would honestly suggest that the price of a 20% down payment on a house might actually be rising faster than dropping a $5/day Starbucks habit would gather over any timeframe. That's $1825/year if you do it literally 365 days a year, *5 as this represents 20% of a house's value is $9125/year. My house sure as hell is going up in value faster than that.

So, actually, dropping a Starbucks habit even for an entire century does not get you a house at current rates!!
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I was surprised at the Z-Estimate value of my house, too.

IF the person cited is going to strive to achieve a goal of buying a house, THEN their source of coffee is only one step they would need to take.

I haven't made a car payment since 1978. I haven't made a house payment since about 2005. I have never been without a car or a house. I rarely buy a Starbucks coffee. These facts seem to me to be related.
 
code1211 said:
I haven't made a car payment since 1978. I haven't made a house payment since about 2005. I have never been without a car or a house. I rarely buy a Starbucks coffee. These facts seem to me to be related.
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If you had invested the money you used as payment for those items, even in a simple index fund, you'd be far, far richer...
 
code1211 said:
I was surprised at the Z-Estimate value of my house, too.

IF the person cited is going to strive to achieve a goal of buying a house, THEN their source of coffee is only one step they would need to take.

I haven't made a car payment since 1978. I haven't made a house payment since about 2005. I have never been without a car or a house. I rarely buy a Starbucks coffee. These facts seem to me to be related.
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Makes sense. You acquired housing in an era where it was far easier to accomplish.

Pay for young people has not been even close to keeping pace with the rise in housing prices. These little "just save money this way" tips are drops in the bucket and get mindlessly regurgitated by older people who just have no understanding of how the math has changed.
 
Metric Mouse said:
If you had invested the money you used as payment for those items, even in a simple index fund, you'd be far, far richer...
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I don't know. I paid for the house in which I currently reside in September of 2019.

The price I paid at the time was very close to the Z-Estimate on Zillow. Z-Estimate is now 20% higher. I haven't tried to actually sell it, so i don't know what the real world value is.

DJIA has also increased by about 20% since that time, but to compare, I'd need to deduct the cost of domicile rented or mortgage payment paid out.

The monthly mortgage payment would have been about $1500/month. That would be about $45,000 to date from purchase. Equity increase has been about $55,000.

An investment counselor told me the same thing you just did. The math doesn't seem to work out in favor of not owning the house of increasing value while investing the money elsewhere.
 
Deuce said:
Makes sense. You acquired housing in an era where it was far easier to accomplish.

Pay for young people has not been even close to keeping pace with the rise in housing prices. These little "just save money this way" tips are drops in the bucket and get mindlessly regurgitated by older people who just have no understanding of how the math has changed.
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The first house I purchased demanded a down payment of 20%.

The interest rate I was forced to assume was 13+%.

Your opinion that buying a house then was far easier then compared to now is outlandishly wrong in every way and on every level.
 
code1211 said:
The first house I purchased demanded a down payment of 20%.

The interest rate I was forced to assume was 13+%.

Your opinion that buying a house then was far easier then compared to now is outlandishly wrong in every way and on every level.
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Let's do some math. Since you said your mortgage was done in 2005, I'm going to use 1975 as a purchase date. This may not apply to you, but 30 year mortgages are typical and this isn't specifically about you and your experiences personally. We want general conditions that average households are going to encounter.

Conventional wisdom was for people to save 10% of their income up until they have a 20% down payment ready for their house.

1975 Median Income: $13720
10% = $1372/year
1975 Median House Price $38,100
Saving time: 27.7 years

2021 Median Household Income: $61,811
10% = $6181/year
End of 2021 Median House Price $408,100 (obviously don't have 2022 data yet)
Saving time: 66 years.

And that hasn't even touched on how wealth distribution has skewed the median household income situation away from younger people. The younger generation has a smaller share of the nation's wealth than their parents and grandparents had at the same age.
 
code1211 said:
I don't know. I paid for the house in which I currently reside in September of 2019.

The price I paid at the time was very close to the Z-Estimate on Zillow. Z-Estimate is now 20% higher. I haven't tried to actually sell it, so i don't know what the real world value is.

DJIA has also increased by about 20% since that time, but to compare, I'd need to deduct the cost of domicile rented or mortgage payment paid out.

The monthly mortgage payment would have been about $1500/month. That would be about $45,000 to date from purchase. Equity increase has been about $55,000.

An investment counselor told me the same thing you just did. The math doesn't seem to work out in favor of not owning the house of increasing value while investing the money elsewhere.
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S&P 500 is up over 66% in that time. And your home value would still be up 20% that it is now, a double win.

A paid off house is great, it's just sub optimal in many cases. If one accepts that, and still sleeps better at night with a paid off house, there's no math better than that.
 
Buyers of homes in the past 15 months paid too much money. Inflated values are for people with more money than practical thinking........

Buying a home in the past 24 months was not a smart move necessarily.
 
This is smart thinking indeed for at least 99.9% of the population and the best new use of tax dollars
in the past 75 years.

10 Reasons Americans Need Single-Payer
  • Patients and doctors make health care decisions. You choose your doctor. ...
  • Everybody in. Single payer covers all of us. ...
  • Never lose coverage again. ...
  • Stop waste. ...
  • Stabilize costs. ...
  • Stop medical bankruptcy. ...
  • End financial rationing. ...
  • Businesses can focus on their core mission.
More items...

Why We Need Single-Payer | Health Care for All - California​

https://healthcareforall.org › single-payer › why

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Deuce said:
Let's do some math. Since you said your mortgage was done in 2005, I'm going to use 1975 as a purchase date. This may not apply to you, but 30 year mortgages are typical and this isn't specifically about you and your experiences personally. We want general conditions that average households are going to encounter.

Conventional wisdom was for people to save 10% of their income up until they have a 20% down payment ready for their house.

1975 Median Income: $13720
10% = $1372/year
1975 Median House Price $38,100
Saving time: 27.7 years

2021 Median Household Income: $61,811
10% = $6181/year
End of 2021 Median House Price $408,100 (obviously don't have 2022 data yet)
Saving time: 66 years.

And that hasn't even touched on how wealth distribution has skewed the median household income situation away from younger people. The younger generation has a smaller share of the nation's wealth than their parents and grandparents had at the same age.
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I would need to see the link from which you culled your data. The state of residence makes a huge difference.

The house I purchased in 1978 was a two bedroom hovel. The purchase price was was only slightly under the price you quote here.

The house I bought in 2019 was a pretty nice house in a desirable neighborhood. Purchase price was more than 4.5 times the amount you quote here.

As I recall, every penny I could scrape together is what I used to buy the first one and that was the result of buying pretty much NOTHING for about 6 months before.

The last one? Wrote a check. Things change.

In 1957, my father built a 4-bedroom home on about an acre of land with a walk out for $19,500. Sold in the 80's in the mid $60's.
 
Metric Mouse said:
S&P 500 is up over 66% in that time. And your home value would still be up 20% that it is now, a double win.

A paid off house is great, it's just sub optimal in many cases. If one accepts that, and still sleeps better at night with a paid off house, there's no math better than that.
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I have to admit that I'm definitely one of those "bird in the hand" types.

I KNOW that if the house is paid off, I'm not paying the monthly mortgage. Guaranteed ROI.

If I'm hoping for good stock market performance. I could be right and I could be wrong.

It feels like I can turn a sure thing into a sure loss just by investing in it and counting on a big return.

As it is, by not making house payments, I gain an increasing APR return that started out at 6+% during the first year and only grows as time goes on.
 
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