Nov 13 2016

The most expensive housing market in the world: Vancouver levies a $10,000 a year tax on empty homes. Not telling the truth and it becomes $10,000 a day.

While many areas of the US are now back near housing bubble territory after correcting, Canada never corrected and today has seen real estate values inch into the stratosphere.  Global wealth, largely from China is fueling the flames of the Canadian housing bubble.  While many that live in areas like Vancouver are frustrated in finding a rental or even affording a home, thousands of homes sit empty.  Why?  Because extremely wealthy foreigners use real estate as an exit hatch in various nations.  These homes simply become trophies for the globally connected.  Vancouver is taking some action levying a $10,000 a year tax on homes that sit empty.  This might seem odd to you that a home would simply sit empty but this is the case in many high priced markets.  Let us look at the most inflated housing market in the world.

Read More

Nov 6 2016

94,609,000 adult Americans not in the labor force: In January 2009, 80,529,000 were not in the labor force. Now we’ve added 14 million Americans.

There is truly a silent majority in the United States and those are people that are not in the labor force.  It is hard to believe but since January of 2009 we have added a whopping 14 million Americans to the already staggering number of adult Americans that are not in the labor force.  Many older Americans are fully reliant on Social Security and are one missed direct deposit from being out on the streets and starving.  Adults not in the labor force are largely ignored because they have weak purchasing power.  Who is going to advertise to them?  Yet this massive group makes up nearly one-third of the entire population.  Are we heading to 100,000,000 adult Americans that will no longer be in the labor force?

Read More

Oct 30 2016

The story of inflation between 1996 and 2016 is of rising prices in things that you need: Prices skyrocket for middle class goods and services.

Inflation is rarely discussed in the mainstream press.  Most people wake up every day and simply believe that prices go up as a natural state.  These deeply held assumptions usually crack when new revelations happen like centuries ago with new scientific discoveries showing that our planet is not the center of the universe.  Yet somehow people hold on tightly refusing to acknowledge that inflation is caused directly by banks, governments, and central banks.  It is interesting to look at inflation data over a 20 year period, form 1996 to 2016.  What you will find in the data is that prices are soaring in the items people need, especially those items to enter into the middle class.  Since wages are not keeping up, it is no surprise then that the middle class over this time has shrank into a minority class.

Read More

Oct 22 2016

The Suburban Ghetto: Today one in three poor Americans, about 16.4 million people live in the suburbs.

We tend to think of the suburbs as middle class utopias.  When people think of the American Dream they usually draw up a picture of a home with a picket white fence in the suburb.  Poverty is usually left to inner cities and crammed multi-family dwellings.  So it might come as a surprise that over the last decade the fastest growing segment of poverty occurred in the suburbs.  It occurred in this market as people were driven out of city centers where prices surged and people were driven further outside of the city.  In the past, this push out was usually done by choice for quality of life and family purposes.  This time, it has happened by economic force and poverty in the suburbs is exploding.  This goes hand in hand with the shrinking middle class.

Read More

Oct 15 2016

The Millennial Conundrum: Millennials are bogged down by massive student debt and confiscatory housing prices.

Millennials are a critical group in terms of where the economy goes in the next few years.  The economy largely relies on younger people to spend and purchase consumption items.  Think of a young couple buying their first home.  That in itself is a big purchase.  Then comes big ticket items like refrigerators, a family car, bed, television, and all the trappings of filling a home.  Baby boomers followed a very clear script when it came to this consumption behavior.  Millennials on the other hand have not.  They are largely constrained by a couple of major things that simply were not tied to the previous generation.  And what could those be?  Millennials are bogged down by student debt and confiscatory housing prices.

Read More

Page 10 of 213« First...89101112...203040...Last »

My Budget 360

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.


Subscribe in a reader


Popular – All Time

  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
  • 3. Is college worth the money and debt? The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x. Diluting education with for-profits. and saddling millions with debt.
  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
  • 5. Family Budget: How to go Broke on $100,000 a year. Why the Middle Class has a hard time Living in Expensive Urban Areas.
  • 6. Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street.
  • 7. You Cannot Afford a $350,000 Home with a $75,000 Household Income!
  • 8. Crisis of generations – younger Americans moving back home in large numbers. Student loan default rates surging largely due to for-profit college expansion.
  • 9. The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
  • 10. Welcome to the new model of retirement. No retirement. In 1983 over 60 percent of American workers had some kind of defined-benefit plan. Today less than 20 percent have access to a plan and the majority of retired Americans largely rely on Social Security as their de facto retirement plan.
  • Categories