15% Cap on Credit Card Interest Rates

[candrew]

Credit card interest rates caps were based on state law up until the late 70's. I'd much rather go back to that than have a federally mandated cap.

Obama's 2009 Credit Card Act was the common sense legislation we needed that did away with the hidden fees and fine print ******** credit card companies used to pull to generate revenue.

 

[LogGrad98]

1st world problems

Yes lack of affordable housing is a 1st world problem. Mmhmm.

 

[Hotdog]

Yes lack of affordable housing is a 1st world problem. Mmhmm.

Whats wrong with buying a mobile home trailer and living in that?

 

[framer]

Yes lack of affordable housing is a 1st world problem. Mmhmm.

*Lack of affordable housing in the exact place I desire to live. There is plenty of affordable housing in places that might not be as convenient or popular. There is always West Valley City, Ogden, or Santaquin.

 

[LogGrad98]

*Lack of affordable housing in the exact place I desire to live. There is plenty of affordable housing in places that might not be as convenient or popular. There is always West Valley City, Ogden, or Santaquin.

Come to the LA area and the inland empire. Rent is out of control. Housing prices are bubbling but this time there are no signs of a burst in the wings. Not good here right now. Someone recently moved into our Ward, they rented a 2 bedroom 900 sq ft apartment and moved in with 2 generations (3 families essentially) because the rent was 2100. As I said, my neighbor lives with 3 generations of family because the rent on their house is 2800. It's crazy.

 

[Hotdog]

Come to the LA area and the inland empire. Rent is out of control. Housing prices are bubbling but this time there are no signs of a burst in the wings. Not good here right now. Someone recently moved into our Ward, they rented a 2 bedroom 900 sq ft apartment and moved in with 2 generations (3 families essentially) because the rent was 2100. As I said, my neighbor lives with 3 generations of family because the rent on their house is 2800. It's crazy.

How about. Dont live in LA if you cant afford it. There are other places to live with far cheaper housing, more job opportunities, and basically a cheaper economy.

I really dont understand this argument that people feel its their right to live in a 4500 square foot home in LA on the beach working some low skilled labor job, 30 hours a week, and have free health care, free education, a nice car, etc..

The **** is a pipe dream. That utopian scenario is not coming in our lifetimes. The only way that ever happens is when the robots are doing practically everything. Even then, you still wont have the right to live wherever you want. You will have to pay for it.

Get the hell out of LA. Its overcrowded and its a liberal nightmare with ridiculous property taxes. I dont feel sorry for morons complaining about LA's economy.

You have choices.

 

[framer]

Come to the LA area and the inland empire. Rent is out of control. Housing prices are bubbling but this time there are no signs of a burst in the wings. Not good here right now. Someone recently moved into our Ward, they rented a 2 bedroom 900 sq ft apartment and moved in with 2 generations (3 families essentially) because the rent was 2100. As I said, my neighbor lives with 3 generations of family because the rent on their house is 2800. It's crazy.

Ahh, you are speaking of California. You cannot ascribe the economic behavior of the real estate market there with naked capitalism as there are many, many facets of government intervention that have led to where you are at.

Isn't property tax locked in to whatever value the property had the last time it was sold? That being the case, THAT would be the reason why the house is staying in the same family, even though it is small. Upgrading to a new house would cost a fortune just on the extra taxes.

 

[One Brow]

You cannot ascribe the economic behavior of the real estate market there with naked capitalism as there are many, many facets of government intervention that have led to where you are at.

That's true for pretty much every speck of land in the US.

 

[idestroyedthetoilet]

How about. Dont live in LA if you cant afford it. There are other places to live with far cheaper housing, more job opportunities, and basically a cheaper economy.

I really dont understand this argument that people feel its their right to live in a 4500 square foot home in LA on the beach working some low skilled labor job, 30 hours a week, and have free health care, free education, a nice car, etc..

The **** is a pipe dream. That utopian scenario is not coming in our lifetimes. The only way that ever happens is when the robots are doing practically everything. Even then, you still wont have the right to live wherever you want. You will have to pay for it.

Get the hell out of LA. Its overcrowded and its a liberal nightmare with ridiculous property taxes. I dont feel sorry for morons complaining about LA's economy.

You have choices.

You must be easily triggered if you get worked up and worry about what people in Los Angeles do.

 

[LogGrad98]

How about. Dont live in LA if you cant afford it. There are other places to live with far cheaper housing, more job opportunities, and basically a cheaper economy.

I really dont understand this argument that people feel its their right to live in a 4500 square foot home in LA on the beach working some low skilled labor job, 30 hours a week, and have free health care, free education, a nice car, etc..

The **** is a pipe dream. That utopian scenario is not coming in our lifetimes. The only way that ever happens is when the robots are doing practically everything. Even then, you still wont have the right to live wherever you want. You will have to pay for it.

Get the hell out of LA. Its overcrowded and its a liberal nightmare with ridiculous property taxes. I dont feel sorry for morons complaining about LA's economy.

You have choices.

I know you don't actually read anything but both of the rentals I mentioned are 1400 sq ft in a middle class area in Redlands. And unemployment here dipped below 3% recently so there are many many jobs here, in fact we are facing a shortage of workers in a big way. We just recently raised our wages to be more competitive in the local market. So it's all market driven, a capitalist Utopia of higher wages, plentiful jobs, and nowhere to live.

Your argument about going elsewhere is highly unreasonable by the way. Most of these people won't find jobs out of state that will relocate them and there is almost no way they can relocate themselves. You make it sound so easy to flit around the country, ever tried it on 14 bucks an hour?

 

[LogGrad98]

Ahh, you are speaking of California. You cannot ascribe the economic behavior of the real estate market there with naked capitalism as there are many, many facets of government intervention that have led to where you are at.

Isn't property tax locked in to whatever value the property had the last time it was sold? That being the case, THAT would be the reason why the house is staying in the same family, even though it is small. Upgrading to a new house would cost a fortune just on the extra taxes.

These are rentals. Most houses here are selling to rental companies, I think the last report I read was that 60% of single family home sales were to rental companies.

 

[NUMBERICA]

What good does it do to demand higher wages when business owners will just be forced to raises prices? Meaning, your wages still wont buy you what you think you deserve.

The problem with the liberal Utopian idea that people have the "right" earn a livable wage is just a fallacy. You have that "right" as much as I have the "right" to have magic powers.

"Free" healthcare. Nah, its not free. Someone has to work their *** off to know how to heal you. On top of that, you want a house, a "free" education. Tv's, couches, 40 years of other people taking care of you when you retire. All for what? You putting in minimal effort and producing 1/50th of what you think you deserve.

Tell me. How does flipping burgers equal out to someone building a house, a car, furniture, and many other things for you? There is a reason why you desperately want to make that trade. Its because you know its a great trade for you. But its not a great trade for the other guys.

Do you know anything about history? Or data? Or that other places besides the US exist?