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For the country's sake, I wish him well, but I just can't see him doing anything good for the common man because he can't relate. Given that his kids were not even registered to vote in the primary tells me the Trump clan only care about themselves. He's going to realize real soon that a lot of the crap he promised his followers, just can't be done. I can see the Republicans fighting amongst themselves. With a Trump presidency, I think Americans have given away its a** and will now sh** through their ribs.
Trump doesn't mean anything he says, he promised the world just to get elected. He can't do any of the things he promised.
Mitt Romney was right. What we have witnessed is the biggest con job in American history.
I'm still hoping that there are a few good things that Trump can do...but it's a total crapshoot. The potential negatives seem overwhelming. Real estate values should be the least of our worries.
First - Denver is already over-valued...I wont call it a bubble, but its over valued....a 10% reduction in value could occur, but that is likely regardless of president.
Second - the Dow Closed up 256 today. Approximately 1.5% GAIN....So, Im not really sure what your problem there is.
Third - we are already in a recession. The media just fails to report it. Our unemployment is astronomical, and the only reason it looks low is because we stop counting people who cant get jobs after a while. The number of pepole aged 18-54 in prime working years who are actually working, is the lowest since the great depression.
Fourth - Trump will be good for the economy if he is able to reduce taxes and regulations as he promised.
Finally - You still need a place to live. If your home has doubled in value, you are way ahead. You can afford to lose a little value (pay less taxes) and ride out a short recession....The recession is ALREADY HERE....the government wont call it a recession until the stock market bubble finally bursts, but the stock market is IN A BUBBLE. It is a huge bubble. Earnings do not support the P/E or valuations. I will repeat that...the stock market is in a bubble now. It is long overdue to burst.
The trend you notice is that democrats do 8 years of damage, it takes republicans 6-8 years to undue the damage, and then they are voted out b/c the change did not occur....meanwhile in ride the democrats to take credit for the growth created under the republicans.
Keep your house. You will be fine. Trump will be a fine president, and the world will continue turning.
Make a note for future reference of unemployment: We are NOT in a recession. Our unemployment rate is 4.9%. The lowest its been since Bush's Great Recession that Obama had to deal with. The unemployment rate went down every year since Obama's 1st year in office:
While it is ALWAYS true that there are some people that gave up on finding jobs, there is nothing to suggest that number is any larger now than historically.
Historically, the American economy does better under Democratic leadership. One can simply look that information up. Republicans tend to increase the deficit/debt, while revenue decreases, jobs decrease, etc. Both the Great Depression and the Great Recession were created under Republican leadership.
Obama has done a remarkable job steering the country out of the horrible condition it was left in by the Bush administration. Multiple wars, historical debt due in part to the wars and huge tax cuts for the wealthy that weren't paid for, deregulation. Similar to what caused the Great Depression.
The decrease in unemployment/increase in jobs the past 8 years has been directly attributable to the Democrats, since the Republicans refused to participate in governing the country, except to do the minimum (stating their main goal was to prevent Obama from getting elected).
If a recession occurs next year or the next, the Republicans will have to own it, because they will have created it. Just like if gdp increases, the unemployment rate continues to decline, as it has for 8 years,...then they can own that, too.
I have an open mind. We'll see what happens. (But history has shown us that reducing taxes for the wealthy has NEVER helped the economy; wealthy people know this; they don't spend the money...they invest it or save it. Businesses don't hire employees when they get a tax refund; they hire employees when their business increases enough to warrant more employees...and business increases when THE MIDDLE CLASS GET TAX CUTS, BECAUSE THEY SPEND IT.)
Never forget: the middle class is the engine of the American economy.
I'm sorry but you do not seem to understand basic statistics. You can not use the unemployment rate as a guide. That is funny math. It is NOT legitimate math. It does not take into consideration two major population groups:
1) People who QUIT looking for work because they could not find any for 18 months. This number is up significantly. We have the largest unemployed civilian population ever. Right now.
2) Under-employed. Those who were forced into part time work. Working 1 hour for 1 day moves a person off the unemployment rolls based upon government calculations.
Median income in the united states is DOWN under democrats.
People on government benefits is way up under Democrats
You may believe that Obama did a great job, but he did not. Statistics are dirty things...they are manipulated to make the picture look better than it is. Employment is way down under Obama, and so are wages. You may not like that answer, but it is 100% factual TRUE, non-debatable.
You know what else is way up? Inflation - despite the fact that the inflation index says it is not. Goto the grocery and you will see....but they dont count groceries or energy in the inflation index....why not? Because it would show inflation, and that is bad for the stock market.
The only thing you said I agree with is that middle class is the engine of the economy. This is true. We must end policies that only benefit those who lobby.
I'm sorry but you do not seem to understand basic statistics. You can not use the unemployment rate as a guide. That is funny math. It is NOT legitimate math. It does not take into consideration two major population groups:
1) People who QUIT looking for work because they could not find any for 18 months. This number is up significantly. We have the largest unemployed civilian population ever. Right now.
2) Under-employed. Those who were forced into part time work. Working 1 hour for 1 day moves a person off the unemployment rolls based upon government calculations.
Median income in the united states is DOWN under democrats.
People on government benefits is way up under Democrats
You may believe that Obama did a great job, but he did not. Statistics are dirty things...they are manipulated to make the picture look better than it is. Employment is way down under Obama, and so are wages. You may not like that answer, but it is 100% factual TRUE, non-debatable.
You know what else is way up? Inflation - despite the fact that the inflation index says it is not. Goto the grocery and you will see....but they dont count groceries or energy in the inflation index....why not? Because it would show inflation, and that is bad for the stock market.
The only thing you said I agree with is that middle class is the engine of the economy. This is true. We must end policies that only benefit those who lobby.
I'm sorry, but you don't seem to understand who controls the houses of Congress, who must pass legislation in order for the govt to influence unemployment and certain other economic variables.
OP, if you believe that you will lose substantial value on your real estate then I suggest that you sell quick.
All investment involves a gamble. Every investor must try to guess what will happen to their segment of the market. You think it will go down, someone else will be more confident and they will come along and buy your house and be happy about it.
No one knows for certainty what will happen to any market under any circumstances. Anyone who had 100% prescience about any market, or the horse races, or the lottery, would be a multi-gazillionaire.
Isn't this the same as the threat from Texas to secede if their candidate doesn't win the election? It comes up every 4 years, yet they didn't do it the past two presidential elections.
When right wingers make noise about seceding, it's noble and symptom of how our country is on the wrong track.
When lefties make noise about leaving, it's because they are tantrum throwing babies.
I'm sorry but you do not seem to understand basic statistics. You can not use the unemployment rate as a guide. That is funny math. It is NOT legitimate math. It does not take into consideration two major population groups:
1) People who QUIT looking for work because they could not find any for 18 months. This number is up significantly. We have the largest unemployed civilian population ever. Right now.
.
But these people are not collecting unemployment benefits either. If they want to live in their mother's basement or let their spouse support them so be it.
Wrong, President Kennedy greatly reduce taxes on the wealthy, which set in motion a great boom in the economy, more jobs, and more tax money raised. The wealthy invest the money they save when taxes are reduced. Investing the money caused more jobs to be created, and the country prospered greatly. And there have been tax cuts for the wealthy since then, that increased jobs and the economy every time.
This is a falsehood that Republicans repeat often. Kennedy reduced taxes MAINLY ON THE MIDDLE CLASS. And it was part of a comprehensive plan that included increased spending. To the extent he wanted to cut taxes on the top 1%, the tax rate at that time was 91%. He wanted that decreased to a more reasonable 65%. The top rate is now 35%. And, as we know, the top 1% don't actually pay those rates. Because of the deductions and credits, they pay much less. Billionaire Warren Buffett, for example, paid 3% in income taxes, last I heard, while his secretary paid 13% after her deductions and credits. Trump pays NO taxes.
Reagan decreased taxes MAINLY ON THE WEALTHY.
Bush decreased taxes MAINLY ON THE WEALTHY.
Look at the economies of the Reagan and Bush years, and it's plain what the results of decreased revenue are. The deficit skyrockets, and the gap of financial status between the wealthy and the middle class greatly increases. Just consider the often quoted phrase that Reagan coined: Deficits don't matter. That tells you what happened during the Reagan administration.
It's been proven repeatedly: Trickle down economics does not work. This is a trick that the wealthy perpetrates on the middle class public, who don't remember history and don't know or don't recall all that happened.
Politicians know that the public has a short memory.
Make no mistake: REPUBLICANS OWN what happens next
Make a note here and now: The unemployment rate is 4.9% and has decreased EVERY YEAR since the Dems took the White House at the BEGINNING of the Great Recession caused by Bush. Social Security has maintained security for seniors. The gdp has steadily increased. Interest rates are at historical lows. The deficit increased because of the fixed budget, and the expenditures because of the recession (which resulted in getting us out of that recession). AND starting in 2014, Obamacare added to the deficit.
If this situation changes for the better, Republicans own that. If the situation changes for the worse, or another recession hits, Republicans own that. Repealing Obamacare will reduce the deficit, but the huge tax cuts for the uber wealthy will offset that and possibly overtake it. So that remains to be seen.
But don't try to blame the recession that may hit us on the prior administration. I'm already reading things that hint at an "upcoming recession" that will be blamed on Obama. There is no upcoming recession. The economy is sound and has been steadily improving every year. Is the stock market in a bubble? Maybe. But when it plummets, as it will sooner or later, that's not a recession. Don't confuse the two.
Last edited by bpollen; 11-10-2016 at 10:12 AM..
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