2024 ELECTION THREAD
The next presidential race will be here soon! Please see current Bovada odds. Thoughts?
NYT: Trump Says Civilian Award Is ‘Much Better’ Than Medal of Honor
The former president said Thursday the reason was because those given the nation’s highest military award are “either in very bad shape because they’ve been hit so many times by bullets, or they’re dead.”
At a campaign event at his golf club in Bedminster, N.J., billed as a discussion about fighting antisemitism, Mr. Trump recounted how he awarded the Presidential Medal of Freedom to Miriam Adelson, the Israeli-American widow of the casino magnate Sheldon Adelson. Ms. Adelson, who attended the event, is among his top donors.
Source: https://www.nytimes.com/2024/08/16/us/po...
At this rate the only contingent who will still vote for Trump come November are members of his immediate family. And he might want to look over their shoulders at the ballot box to make sure that's even true.
Surprised he didn't mention that he likes casino owners who don't die. Although I suppose in this case it doesn't matter since his wife is still around to send money.
But it is important to remember that the purpose of these largely automated systems isn't just meant to determine how low you can price goods, they are also meant to determine how high you can price goods. And that is where things start to get funky, especially if we're talking about a type of business with high barrier to entry so that those already present in the market have little fears of new competition.
Like Willd said in this post, t
that is not what an oligopoly is. It could be, but what you said is not a requirement. here is the definition
"An oligopoly (from Ancient Greek ὀλίγος (olígos) 'few' and πωλέω (pōléō😉 'to sell') is a market in which control over an industry lies in the hands of a few large sellers who own a dominant share of the market. Oligopolistic markets have homogenous products, few market participants, and inelastic demand for the products in those industries.[1] As a result of their significant market power, firms in oligopolistic markets can influence prices through manipulating the supply function. Firms in an oligopoly are also mutually interdependent, as any action by one firm is expected to affect other firms in the market and evoke a reaction or consequential action.[1] As a result, firms in oligopolistic markets often resort to collusion as means of maximising profits."
It is starting to look like North Carolina will be removed from likely Trump to toss up or likely Harris in Electoral maps moving forward.
Roc probably didn't bother to respond to this because it's peak ignorance and similar to asking why it matters if someone was up at the poker table unless they cash out.
Kind of like with this...
You proposed something idiotic and when given a basic rebuttal you say this. Generally, you'd want to have these little peccadillos sorted out before ****ing up the world.
ok so lets say you bought a house and you got a good rate and now your home is overvalued 5 years later as the market adjusted. In another 5 years your homes value will have returned, maybe ten years, and you will likely be able to get a lower rate.
If you are in dire need of money you can rent out rooms/ the whole house to make your mortgage. but seeing as how your mortgage didnt change, you should be able to afford your payment, unless you lost your job, but that is not part of this example.
So after ten years, you have paid off a third of your mortgage and your house is worth as much as you paid for it.
or you can sell your house when its value drops. Now you have to rent and you dont save any money.After five years you want to buy a house again, and so you have to come up with a bunch of money down. your rate is also higher than what it used to be. After five years you have now paid off 1/6 of your mortgage, and you have had to make two down payments. much more expensive than keeping your house when it was upside down or worth less than you paid for it
or you could sell your house and rent forever, saving no money and have 0 equity built up after ten years
so yes, please explain to me again why it really matters when your home's value drops?
It works in both directions and while in a lot of cases it might result in competitors trying to undercut each other, the behaviour t_d is talking about absolutely does happen and has been studied in academic papers (e.g. this paper about gas prices in Perth, WA where there was found to be tacit collusion between many companies that resulted in increased margins and profits for all of them) .
I don't need to read the article. Conscious parallelism has been a topic of scholarly and judicial discussion in antitrust circles in the United States for at least the last sixty years.
If you are in dire need of money you can rent out rooms/ the whole house to make your mortgage. but seeing as how your mortgage didnt change, you should be able to afford your payment, unless you lost your job, but that is not part of this example.
Are you planning to live in your car, squat in an abandoned building, or flop on your friend's couch indefinitely after you move out of your home?
So after ten years, you have paid off a third of your mortgage and your house is worth as much as you paid for it.
You do realise you still owe the other two thirds of the mortgage in this scenario, right? The bank manager doesn't just say "Oh, your house devalued? Let's write that off the principal of your loan, then."
Are you planning to live in your car, squat in an abandoned building, or flop on your friend's couch indefinitely after you move out of your home?
Thats really not relevant for the question but you can live in another room, your garage, your living room, your backyard, an RV, or a converted van among other things. If you care about saving money then owning a house and keeping it is infinitely cheaper than renting. of course this requires roommates, but if you care about saving money then this is not a problem.
You do realise you still owe the other two thirds of the mortgage in this scenario, right? The bank manager doesn't just say "Oh, your house devalued? Let's write that off the principal of your loan, then."
in america, unless you live for free, you pay rent or a mortgage.
So over the remaining 20 years, each party has to pay rent or a mortgage.
does this make sense to you?
do you have a mortgage?/ have you ever had one? do you pay rent/ have you ever had to pay rent?
I hate to say it, but in this case Pointless is making a little bit of sense.
in america, unless you live for free, you pay rent or a mortgage.
So over the remaining 20 years, each party has to pay rent or a mortgage.
does this make sense to you?
do you have a mortgage?/ have you ever had one? do you pay rent/ have you ever had to pay rent?
In that case I don't understand what you meant by "you paid a third of your mortgage over 10 years and your house is now worth what you paid for it". What does this sentence mean? I presume there is some implication I'm missing.
In that case I don't understand what you meant by "you paid a third of your mortgage over 10 years and your house is now worth what you paid for it". What does this sentence mean? I presume there is some implication I'm missing.
so in america we have 30 yr mortgages and after the 30yrs you own the house
where as if you rent then you have nothing after the 30 years
so in american economic cycles usually our housing prices recover after 10 years. like every 10 years they go down and then they recover to their previous price highs.
What I was saying is that you pay down 10 years out of 30 years, usually you have paid down a bit of your balance and you've built equity in the home.
taxes, insurance, maintenance keep going up per value...... like the sands of time
so in america we have 30 yr mortgages and after the 30yrs you own the house
where as if you rent then you have nothing after the 30 years
so in american economic cycles usually our housing prices recover after 10 years. like every 10 years they go down and then they recover to their previous price highs.
What I was saying is that you pay down 10 years out of 30 years, usually you have paid down a bit of your balance and you've built equity in
I'm not following. What does the "the house is worth what you paid for it" part mean?
I think it's just a made up example. You buy a house, it drops in value for a bit and by year 10 it's worth what it was when you bought it.
Ok, that's the part I wasn't getting. As phrased, I thought it had dropped in value by 2/3 and he was saying it's worth as much as the balance you've paid on the mortgage. Thanks.
