aggieforester05 said:

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AggieOE12 said:

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Better, much better. This administration helped.

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Are you on welfare?

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I'm genuinely curious about what industry poster is in.
And curious to experience under Trump Vs Biden.

Its rare that anyone truly got much better under this administration (unless you are an educator, work for government or defense industry)

knoxtom said:

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TAMU1990 said:

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2040huck said:

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TAMU1990 said:

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MAROON said:

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Yes - but its due to my station in life. Both kids off the payroll and just paid for my one and only wedding.

I could retire today and be very comfortable but will stick it out for a few more years now that we only work in the office two days a week.

The only real way the President could mess me up is if they enact some insane tax laws related to 401-k or IRA withdrawals. Or somehow pass the insane notion to tax unrealized gains - mainly because it would destroy the stock market and the real estate market in short order.

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And your home equity. Most in Texas have seen a significant increase in equity. Are you ready to pay taxes on that too? For me it's $125,000 in taxes.

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How freaking big is your house? How would you ever owe an additional $125k in taxes?

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Well, if you have been in your house for 15 or 20+ years you have seen a lot of unrealized equity in your home. I have gained $500k in unrealized value. 25% is $125,000 in taxes. That is how this policy works. You have $125,000 for taxes? The whole goal of this is to make people to sell their properties to corporations on the cheap because there will be many people who can't afford to make that payment, unless they take it out of retirement savings or sell another asset. That will trigger another tax bill. That's just your home. Now do your retirement account.

Where have you lived? Obviously not in an high demand area or are you old enough to understand how stupid this is. Do you think people haven't done any home improvements either if they have been in a home for that long?

It's really not that hard

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You should actually read the proposal. This is exactly NOT what they are doing.

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I'm old enough to remember when Obama said $400k was rich. Then he floated a trail balloon and said it really was $200k.

TAMU1990 said:

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knoxtom said:

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TAMU1990 said:

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2040huck said:

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TAMU1990 said:

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MAROON said:

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Yes - but its due to my station in life. Both kids off the payroll and just paid for my one and only wedding.

I could retire today and be very comfortable but will stick it out for a few more years now that we only work in the office two days a week.

The only real way the President could mess me up is if they enact some insane tax laws related to 401-k or IRA withdrawals. Or somehow pass the insane notion to tax unrealized gains - mainly because it would destroy the stock market and the real estate market in short order.

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And your home equity. Most in Texas have seen a significant increase in equity. Are you ready to pay taxes on that too? For me it's $125,000 in taxes.

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How freaking big is your house? How would you ever owe an additional $125k in taxes?

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Well, if you have been in your house for 15 or 20+ years you have seen a lot of unrealized equity in your home. I have gained $500k in unrealized value. 25% is $125,000 in taxes. That is how this policy works. You have $125,000 for taxes? The whole goal of this is to make people to sell their properties to corporations on the cheap because there will be many people who can't afford to make that payment, unless they take it out of retirement savings or sell another asset. That will trigger another tax bill. That's just your home. Now do your retirement account.

Where have you lived? Obviously not in an high demand area or are you old enough to understand how stupid this is. Do you think people haven't done any home improvements either if they have been in a home for that long?

It's really not that hard

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You should actually read the proposal. This is exactly NOT what they are doing.

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I'm old enough to remember when Obama said $400k was rich. Then he floated a trail balloon and said it really was $200k.

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And just like the 11M figure for illegal aliens that was used for 20 years that number ($400k) hasn't changed since.

YouBet said:

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TAMU1990 said:

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knoxtom said:

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TAMU1990 said:

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2040huck said:

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TAMU1990 said:

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MAROON said:

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Yes - but its due to my station in life. Both kids off the payroll and just paid for my one and only wedding.

I could retire today and be very comfortable but will stick it out for a few more years now that we only work in the office two days a week.

The only real way the President could mess me up is if they enact some insane tax laws related to 401-k or IRA withdrawals. Or somehow pass the insane notion to tax unrealized gains - mainly because it would destroy the stock market and the real estate market in short order.

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And your home equity. Most in Texas have seen a significant increase in equity. Are you ready to pay taxes on that too? For me it's $125,000 in taxes.

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How freaking big is your house? How would you ever owe an additional $125k in taxes?

---

Well, if you have been in your house for 15 or 20+ years you have seen a lot of unrealized equity in your home. I have gained $500k in unrealized value. 25% is $125,000 in taxes. That is how this policy works. You have $125,000 for taxes? The whole goal of this is to make people to sell their properties to corporations on the cheap because there will be many people who can't afford to make that payment, unless they take it out of retirement savings or sell another asset. That will trigger another tax bill. That's just your home. Now do your retirement account.

Where have you lived? Obviously not in an high demand area or are you old enough to understand how stupid this is. Do you think people haven't done any home improvements either if they have been in a home for that long?

It's really not that hard

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You should actually read the proposal. This is exactly NOT what they are doing.

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I'm old enough to remember when Obama said $400k was rich. Then he floated a trail balloon and said it really was $200k.

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And just like the 11M figure for illegal aliens that was used for 20 years that number ($400k) hasn't changed since.

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I've heard 20M frequently but the real number is probably - You Can't Handle The Truth!

Better off because of raises and a slight bit of good luck. We've made adjustments in the last four years but nothing crazy. We bought our house in the dip in 2020 at 2.75% interest rate, we sold our previous house for $100k profit, we have healthy 401k's and additional savings accounts. My husband's car is over 12 years old now, but he's worked from home since 2020 and his company got rid of the office… all he has to do is make it to a data center every once in awhile. We have no student loans.

What has hit us the hardest has been health insurance, but I don't know if that would be better with four more Trump years. But we max out the HSA and do some creative juggling with appointments to maximize hitting the deductible.

HollywoodBQ said:

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William Foster said:

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HollywoodBQ said:

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TexAgs91 said:

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Nope and my grown kids can't afford to buy a house

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It's a struggle for people to cope with the fact that they can't necessarily keep living where they grew up. I saw people complain about this constantly in Los Angeles.

Meanwhile, there was a housing boom in The Inland Empire.

Every time I drive up I-45 now from Galveston, I see a ton of signs for homes starting at $200k.

It is possible. Might not be what they want but it's a much better opportunity than my neighbors back in LA complaining that they would never be able to afford my 1250 sq ft house because it costs $1.1M now.

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Still sucks that you have to basically pick between living in a dangerous ghetto or way out in the sticks to get a home under $300k though. I feel bad for young people trying to start a family, buy a home etc.

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That story is as old as time though.

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To THIS extent though? All you have to do is compare a graph of annual-salary-to-home-price in the 1980's to now to see that home ownership is MUCH less attainable for young people trying to start a family than it was for our parents.

I was looking at homes in the worst parts of COMPTON just for fun one day and you are looking at $650-700k for a moderately updated 1,100 SF home zoned to horrible schools in a crime riddled area.

William Foster said:

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HollywoodBQ said:

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William Foster said:

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HollywoodBQ said:

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TexAgs91 said:

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Nope and my grown kids can't afford to buy a house

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It's a struggle for people to cope with the fact that they can't necessarily keep living where they grew up. I saw people complain about this constantly in Los Angeles.

Meanwhile, there was a housing boom in The Inland Empire.

Every time I drive up I-45 now from Galveston, I see a ton of signs for homes starting at $200k.

It is possible. Might not be what they want but it's a much better opportunity than my neighbors back in LA complaining that they would never be able to afford my 1250 sq ft house because it costs $1.1M now.

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Still sucks that you have to basically pick between living in a dangerous ghetto or way out in the sticks to get a home under $300k though. I feel bad for young people trying to start a family, buy a home etc.

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That story is as old as time though.

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To THIS extent though? All you have to do is compare a graph of annual-salary-to-home-price in the 1980's to now to see that home ownership is MUCH less attainable for young people trying to start a family than it was for our parents.

I was looking at homes in the worst parts of COMPTON just for fun one day and you are looking at $650-700k for a moderately updated 1,100 SF home zoned to horrible schools in a crime riddled area.

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It's really not that much different other than the fact that certain places have definitely been priced out. You're not getting a starter home anyplace that's policed by LAPD.

But if you go further out to Lancaster where the median sales price is $463k, or Victorville where the median sales price is $425k, you've still got a shot at home ownership. Keep in mind the difference in property taxes between California and Texas makes a big difference in the size of the mortgage you can afford.

My parents bought a house in 1979 with some astronomical interest rate. That wouldn't have been possible except for my father earning crazy Saudi Arabia money. So it's not anything different than the past in that respect. If you want a house, you have to make a large commitment.

With respect to Compton, don't let perception fool you. According to the Census stats from 1980, Compton was 74% Black and in 2020, it's now 71% Hispanic and only 25% Black. If they remade Boyz in the Hood today, they'd have to cast it a lot differently.

According to Zillow, the median home sales price in Compton is $633,333 while it's $883,333 for Los Angeles County. So, you're still below the median in Compton but there are areas in Los Angeles County and certainly San Bernardino County that are less expensive.
https://www.zillow.com/home-values/24174/compton-ca/

I am much better off, but it has nothing to do with President. I'm just Blessed to be in a job where my career has reached this level….

But, I would be much better off financially if Trump were in office these last 3 1/2 years…. Inflation is noticeable, even when you are doing well.

HowdyTexasAggies said:

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Unless you have been receiving massive raises, there is no way for someone to better off financially. No raises for the last 2 years and 30-40% inflation. The majority of people are poorer. Anyone suggesting otherwise is 100% FOS.

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okay you have a fallacy in your argument here.

true, I didn't have a 30% raise.

but the stock markets have gone up in the last four years, my salary has gone up a bit, and I make a large enough salary that my take home pay is larger now than it was the last four years (in which time i lived overseas and was making less money)

so OF COURSE every individual is going to have a different answer- those who were promoted or changed jobs with a large pay raise will be better off now than back in COVID.

the real question should be THIS:

would you be better off under Kommiela Harris or under Donald Trump over the NEXT four years.

Physical health wise have gotten fitter and happier.
Family life going fine, kids growing up going to public schools
My net worth is up because the S&P 500 is up 60%.
I work in tech and we have seen quite a bit of job losses in the US, with my own company doing 4 layoffs over the last 4 years. So worried about the future job prospects.

So net net I am better off in these 4 years, nothing to do with this admin. Not sure about the next 4-8 years given my area of work, no matter who is in office.