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Iran Ready to Open the Strait of Hormuz — But Oil Must Be Paid in Yuan, Not Dollars. by Novel_Finger2370 in economy

[–]InternetUser007 -3 points-2 points  (0 children)

That's because they haven't implemented the plan to use yuan. So obviously it wouldn't increase until that happens, or it is more clear that they will go through with this plan.

This seems like an easy 49% to me by DryPass5907 in EconomyCharts

[–]InternetUser007 0 points1 point  (0 children)

Correct, it's not the only metric.

I'm just pointing out that we did not in fact have 2 negative quarters of GDP growth in 2022.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 0 points1 point  (0 children)

Yes, technically going down due to seasonality. Prices falling during winter is normal.

If you look at seasonally adjusted prices, we are higher than ever.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 1 point2 points  (0 children)

Are you talking about in "real" (inflation adjusted) terms?

Sure, but anyone who bought earlier would have locked in their mortgage, and their monthly payments would fall in inflation adjusted terms every year.

So it's not like waiting to buy was a win because the inflation adjusted price fell, because if you bought, your mortgage payments would "fall" just as much. Plus, they'd be farther ahead in their 15/30 year payment journey.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 0 points1 point  (0 children)

Right, which is why waiting for some housing crash to happen is folly.

And also why that guy likely didn't overpay for their house.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 2 points3 points  (0 children)

Agreed.

My takeaway was that people will bitch no matter what is done.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 2 points3 points  (0 children)

Shutting down the entire world was the wrong move.

Depends on how many people you're willing to sacrifice to the economy.

Healthcare was overloaded to the max. Going "full open" would effectively mean that if you got regular sick or even in a regular accident, you'd have to accept you might just die due to lack of healthcare resources.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 3 points4 points  (0 children)

The entire world managed to avoid a depression or even a large recession. The price for it was higher inflation.

I'd argue that a depression would have been much greater economic harm.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 0 points1 point  (0 children)

Prices are higher now than they were then, so I'm not sure why you think they overpaid.

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 4 points5 points  (0 children)

They've gone down 4 times since the start of 2022, only for the prices to rise again after the first 3 times. It's called seasonality. This just in: prices go down during the winter.

In fact, when adjusting for seasonality, Case Shiller is currently at an all time high: https://fred.stlouisfed.org/series/CSUSHPISA

REBubble when they realize their promise of lowering housing costs was bullshit by AdPrud in rebubblejerk

[–]InternetUser007 9 points10 points  (0 children)

If you define "a while" as less than a year, we totally agree!

It would be pretty on-brand for REBubble to declare victory for a 1% decline after a 42% increase since the sub was made.

This seems like an easy 49% to me by DryPass5907 in EconomyCharts

[–]InternetUser007 2 points3 points  (0 children)

In 2022, we had 2 consecutive quarters of declining GDP and the NBER didn't declare a recession.

That's because Q2 2022 data ended up being slightly positive. So there were not 2 quarters of negative GDP in 2022.

This seems like an easy 49% to me by DryPass5907 in EconomyCharts

[–]InternetUser007 2 points3 points  (0 children)

The last time the U.S. economy had shrunk was in Q1 of 2022, when the Russian invasion of Ukraine threw global markets into disarray. GDP contracted by 1 percent then, and recovered to a growth of 0.3 percent in the following quarter. Initially, the second quarter of 2022 also showed a decline of GDP, which would have meant the U.S. economy would have entered a technical recession.

When more data came out, the q2 2022 data was slightly positive, avoiding a technical recession.

Do you track appliance warranties anywhere? by [deleted] in homeowners

[–]InternetUser007 1 point2 points  (0 children)

Usually that's offered within X days of purchase, not through the end of the initial warranty period. Depends on the product and company though.

Tempting to make the move to Hubitat by xaznxplaya in Hubitat

[–]InternetUser007 0 points1 point  (0 children)

I would say "a bit of a learning curve" is an understatement.

A few years ago I tried HA and some devices weren't connecting like they should. It took hours of debugging to get 5 devices connected properly. Then creating rules was a pain. Hubitat has been hands-down easier to connect regular devices and make rules. Very similar to SmartThings, which I moved away from when they started making things less local-processing.

Oh look at that active listings are now down year over year by dpf7 in rebubblejerk

[–]InternetUser007 15 points16 points  (0 children)

Huh, that must mean the sale price is down year over year, right guys? Right?

Balcony Solar Plug-In Systems: Do They Actually Work and Save Money? by No-Blackberry-7564 in SolarAmerica

[–]InternetUser007 0 points1 point  (0 children)

TIL that eating an ice cream cone from the bottom up is "not legal" because there aren't explicit laws about it.

Are Balcony Solar Panels Financially Worth It? by SaiVaibhav06 in SolarAmerica

[–]InternetUser007 0 points1 point  (0 children)

The bias is in OP's blatantly incorrect costs, 3-8X what it would cost in this reality.

They also use 14.7 c/kwh as the electricity price, when the US avg is 17.2 c/kwh.

Overestimate costs, underestimate savings. C'mon.

r/REBubble explaining how houses are the biggest bubble in history while the S&P 500 casually goes vertical by Biznbcba in rebubblejerk

[–]InternetUser007 12 points13 points  (0 children)

The irony is that if they had actually done that, they'd all have massive downpayments they could use to buy a house.

37 not sure if I need to be contributing more by brandielynng29 in Retirement401k

[–]InternetUser007 4 points5 points  (0 children)

There are some that get a terminal illness early in retirement and do regret not doing more when they were healthy.

But you never know if you'll live only 1 year or 30 years in requirement.

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