All Forum Posts by: Eric Bilderback

Many of the young people I know who are not looking at buying real estate, are scared from the 2008 crash and think it’s going to happen again. Also, growing up very few people talk to you about making investments and how things can compound. Simple financial principles should be taught in high school but they aren’t.

You sound like a total stud, plus I agree with everything you said. I want more guys like you and less guys hanging out in their Moms basement. LOL.

2 Votes

I'm gong to be the armchair Fed Chair and I invite you to do the same. Please don't scold me this is only for fun and to see if someone has an idea I haven't thought of or thought through.

You may have heard the CPI came out higher than expected and the narrative seems to be that the Feds hands are tied and they will need to continue to raise rates by .75%. I have heard people I think are very smart say the Fed will raise rates until they break something, I tend to agree with that. Here are some questions I am curious about.

1. In regards to real estate how much will prices drop before the market is considered broken?

2. Is there a solid argument to be made that interest rates will continue to rise through a recession? How damaging would that be for real estate prices?

3. I can see a scenario where the as the Fed raises interest rates the geniuses in Congress are pushing stimies (more inflation reduction acts, LOL) and we have more inflation as rates are increasing.

My over all idea is that interest rates will go up and locking in an interest rate now would be a good idea or if the Fed needs to reverse interest rates it will be a good opportunity to buy now at a good price and refi in a year or whenever rates go down. Of coarse the third scenario in my mind is that there could be a total melt down and guys like me just get hammered, but I think that is less likely.

What say you?

2 Votes

Quote from @Carlos Ptriawan:

Quote from @Eric Bilderback:

Quote from @Carlos Ptriawan:

Quote from @Susan Maneck:

Quote from @Eric Bilderback:

@Susan Maneck

Is that Chopsky's take? I agree we should not debate this on the platform but I think they were more ambitious the killing just the over 20 million or so people in Russia and Eastern Europe. I will leave it at that but many historians, etc vehemently disagree with that.

I am a historian.

That thing about Soviet expansion ; If I remember correctly it comes from Karl Marx himself who said for communism to survive, it has to spread. Kinda like religion.

Communism is the anti religion. It killed way more people then any religion could ever dream of killing. If there is no Universal right or wrong aka god then everything is permissible and you will never be judged.

Of course. One interesting thing that I noticed from your discussion with Susan was......during 1945-1990 cold war era it seems US is doing a lot of thing in the right direction and "models for the free world", but after the Soviet falls; especially after the liberalization era of early 2000, it seems Wall St is taking over everything.

100% BlackRock, that loser Ray Dalio these guys are willing to get into bed with China make money off of the Uygers push products and policies they no harm people. The only consideration they have is money. America will have a reckoning for letting these people control our pension funds, outsource our production, and steal our wealth we should have been passing down. There is no doubt in my mind that this will not be allowed to continue.

2 Votes

Quote from @Carlos Ptriawan:

Quote from @Susan Maneck:

Quote from @Eric Bilderback:

@Susan Maneck

I am a historian.

That thing about Soviet expansion ; If I remember correctly it comes from Karl Marx himself who said for communism to survive, it has to spread. Kinda like religion.

1 Vote

Quote from @Kristopher Kelly:

@Eric Bilderback

Who made them go to college and get into thousands of dollars in debt? It’s not the only path and it is not required. They need real education (financial) not getting mistakes they made paid off. You don’t get your money back from a bad deal if you make a mistake…neither should anyone else. This is how people learn.

Nobody made them go. I was making a nuanced point here.
College debt can be both irresponsibly encouraged to young impressionable folks and It can not be my fault so I shouldn’t have to pay at the same time.

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@James Hamling

I think we are in agreement for the most part here, although you sound more determinist. I believe that all people are capable of great things,

Deep bondage in a nation produces great faith.

Great faith produces great courage.
Great courage produces great freedom.
Great freedom produces great abundance.
Great abundance produces great apathy.
Great apathy produces great dependence.
Great dependence produces great bondage.

Deep stuff! LOL Have a great day,

2 Votes

Quote from @Derek Gleue:

My issue with this student loan forgiveness is that it is only going to make the problem of offer priced schooling worse.

It is as the government has increased it's involvement in student loans that the price of college tuition has risen. The colleges know they can get more money, because students pay just as much as they always have, while the college takes advantage of the added government money.

Now that student loans will be forgiven, tuition will just continue to rise even faster.

We have an over credentialing problem right now. We teach kids the only way to be successful is to get a degree. I can't make a single person who has ever said "yeah, my schooling was really useful for my career" beyond medical professionals. On the job training is far more useful for most industries. And yet most places are requiring a degree because just because reasons.

My other issue is the fact that I worked my way through college and took 5.5 years to finish my degree so I could work through school and graduate debt free. I feel like a real sucker when 4 years later, I could have just had it all for free. Forgiving student loans is going to increase inflation, and increase the tax burden. So now I get to pay for someone else's college on top of already paying my own.

Dudes like you get screwed no doubt. I would say that this payoff your peers loans thing is the least of the ways you are being screwed though.

Important to remember though you can't control all the nonsense but you can control your life and you can will yourself to success, with a little luck. Whats the old saying "the harder I work the luckier I get.''' How about, "The more positive you get your head the better the things are that will happen in your life."

Good luck to you,

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Indeed

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Quote from @Susan Maneck:

And the argument that Stalin was done expanding communism is inaccurate and the true purpose is setting up to apologize for one of the two greatest mass murders in history. If Stalin didn't want to expand Communism then America was the aggressor correct?

Uh, no. No one ever asked the Eastern Europeans whether they wanted to be buffer states to the Soviet Union. And why would I consider America the 'aggressor' since we never invaded Russia (well, we did in 1917 but that was short-lived.) Sorry, but the fact that Stalin was an homicidal maniac doesn't mean he was out to conquer the world. Not does my stating this make me an apologist for Stalin or communism.

And by the way "Woke" is a term I've only heard on the lips of the alt-right. Progressives don't use it. Also, I don't know of any majors in Transgender Studies which again, the alt-right seems to want to want to focus on. At most there are some courses and concentrations in that field, but no majors.

You really come across extremely militant and humorless. The Transgender Studies thing is obviously a joke it is absurdity but it is becoming less fringe as I am sure you are aware. You argue the same points that an Anti-anti communist would. People like me (as I am sure you know) say that is the argument of not a perpetuator but an enabler. Sorry I have to go, I have Alt Right meeting I have to get to! LOL

1 Vote

@Susan Maneck

You're just being condescending no one is arguing historians should not go with the data. Let me be blunt people who believe and say what you are saying are unwilling to look at, and or consider facts that don't support their narrative. And the argument that Stalin was done expanding communism is inaccurate and the true purpose is setting up to apologize for one of the two greatest mass murders in history. If Stalin didn't want to expand Communism then America was the aggressor correct? And that is the point I believe you really want to make. Stalin did in fact know how much of Europe America had conceded to him and was willing to lie low for a while but to say that he was not interested in expanding Communism is absurd.

If there is anyone actually reading this (LOL) google Antonio Gramasky. Especially if you want to no where this "Woke" culture evolved from. Antonio new that class warfare would not be enough to destroy Western Civilization they (the Communists) would need to corrupt all of our institutions destroy the family unit, Universities, Churches, etc. He was an evil and brilliant man. But we are living through his brain child right now.

1 Vote

All Forum Posts by: Eric Bilderback

Eric Bilderback has started 56 posts and replied 958 times.

Post: Millennial's growing poorer

Post: Over indulge yourself, where do you think interest rates are goin

Post: Millennial's growing poorer

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Post: Millennial's growing poorer

Post: Millennial's growing poorer

Post: Millennial's growing poorer

Post: Millennial's growing poorer

Post: Millennial's growing poorer

Post: Millennial's growing poorer