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SergeStorms

(19,187 posts)

30. But there's zero inflation.......

Sat Jun 17, 2017, 05:23 AM

Jun 2017

if the government's statistics are to be believed.

I'm retired and living on a fixed income. I have some modest savings and investments (I adore my kids, but they're FOREVER chained to your wallet) salted away for emergencies, and haven't had a COLA in Medicare in.......three or four years? Every year my supplemental insurance premiums increase by at least 20%, and prescription drugs are going through the roof, even Generics.

So don't tell me there isn't any inflation. At this rate I'm going to have to give up living as a cost cutting measure. The GOP certainly doesn't care. They're COUNTING on people, like myself, to die so they can give the wealthy another juicy tax cut. Hey, it's ONLY FAIR, right?

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39 replies

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39 million households are paying more for housing than they can afford [View all] inanna Jun 2017 OP

I think 50% is closer to reality for most folks!@ n/m bagelsforbreakfast Jun 2017 #1

I suspect it might be pushing 70% as wages have been largely stagnant for decades cstanleytech Jun 2017 #4

Wages HAVE been stagnant for as long as I can remember ailsagirl Jun 2017 #17

But there's zero inflation....... SergeStorms Jun 2017 #30

We can do the math-- and it hasn't been in our favor for I-don't-know-how-long ailsagirl Jun 2017 #34

No doubt about it: sandensea Jun 2017 #2

Sounds like my brother but the problem is he lives near a military base cstanleytech Jun 2017 #3

This isn't a surprise to anyone who isn't incredibly wealthy. nt killbotfactory Jun 2017 #5

It used to be that you were supposed to budget 1/4 of your income for housing. LisaM Jun 2017 #6

I learned that formula too... inanna Jun 2017 #10

Where I live, I see the exact same circumstances from 10 yrs ago. Get ready for another fall. 7962 Jun 2017 #7

Yes, but it started in the mid 90s. janx Jun 2017 #27

The pendulum always swings too far in both directions! nt 7962 Jun 2017 #32

My thought exactly. n/t janx Jun 2017 #33

How do you get a mortgage approved for more than 30%, they run the numbers... iluvtennis Jun 2017 #8

Gross income? n/t janx Jun 2017 #28

mortgage calculations melm00se Jun 2017 #31

Define "housing costs". llmart Jun 2017 #9

The article states rent or mortgage Seedersandleechers Jun 2017 #12

So, just the mortgage amount... llmart Jun 2017 #13

Most people have their taxes and insurance included in their mortgage payment don't they? Luciferous Jun 2017 #16

Don't know if it's "most." I've never allowed a lender to escrow spooky3 Jun 2017 #19

Same with me. llmart Jun 2017 #22

It is against the law to make interest on escrow accounts. leftyladyfrommo Jun 2017 #23

Please provide a link to the law. The company that is managing the account uses the $ to spooky3 Jun 2017 #24

The median price for a home in MontanaMama Jun 2017 #11

House prices, here is some article(s) that pretty much sums up the big maybe, to the why........ turbinetree Jun 2017 #14

Wow, we spend half that amount on our mortgage! Of course, we bought a house that Luciferous Jun 2017 #15

But this is a good thing..... more money to the job creators groundloop Jun 2017 #18

Either housing or food Change2018 Jun 2017 #20

Welcome to DU. n/t rzemanfl Jun 2017 #21

I consider my wife and I to be very fortunate ripcord Jun 2017 #25

I have online news fatigue. janx Jun 2017 #26

What used to be a goal is now being treated as an absolute TexasBushwhacker Jun 2017 #35

51% here DAMANgoldberg Jun 2017 #29

This is we need finances 101 in High School mandatory for everyone snooper2 Jun 2017 #36

And many lending institutions are simply corrupt LanternWaste Jun 2017 #38

There is a reason there are pay-day loan shops all over the place snooper2 Jun 2017 #39

In Vancouver, spending 50% of your income on rent or mortgage is not unusual. EllieBC Jun 2017 #37