@jimirock.bsky.social
The poorest of the poor, and the richest of the rich both have one thing in common: Debt.
Although it seems to work out better for one of those groups, more than the other.
Although it seems to work out better for one of those groups, more than the other.
December 24, 2025 at 9:09 PM
The poorest of the poor, and the richest of the rich both have one thing in common: Debt.
Although it seems to work out better for one of those groups, more than the other.
Although it seems to work out better for one of those groups, more than the other.
Overall home prices would continue to rise as this product puts a lot more Buyers in the market without addressing supply levels. It'd be the COVID bubble all over again. Buyers would compete and drive prices up.
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November 14, 2025 at 2:48 PM
Overall home prices would continue to rise as this product puts a lot more Buyers in the market without addressing supply levels. It'd be the COVID bubble all over again. Buyers would compete and drive prices up.
2/2
2/2
Mortgages are amortized so a majority of your payment is applied to interest first. It would take almost twice as long to build the same level of equity on a property with a 50 year mortgage compared to a 30 year. And if home prices were to come down, that'd be even less buying power.
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November 14, 2025 at 2:48 PM
Mortgages are amortized so a majority of your payment is applied to interest first. It would take almost twice as long to build the same level of equity on a property with a 50 year mortgage compared to a 30 year. And if home prices were to come down, that'd be even less buying power.
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So the Fed will have to raise rates on everything to recoup those funds which will lead to a higher cost of lending overall, quantitative tightening (QT), and increase inflation. QE/QT has historically always led to inflation.
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November 14, 2025 at 2:47 PM
So the Fed will have to raise rates on everything to recoup those funds which will lead to a higher cost of lending overall, quantitative tightening (QT), and increase inflation. QE/QT has historically always led to inflation.
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3/3
We already are having trouble getting folks to buy shorter term securities. So if there aren't buyers for it, the Fed would have to buy the bonds and that would create artificial demand that may not be realized, quantitative easing (QE).
2/
2/
November 14, 2025 at 2:47 PM
We already are having trouble getting folks to buy shorter term securities. So if there aren't buyers for it, the Fed would have to buy the bonds and that would create artificial demand that may not be realized, quantitative easing (QE).
2/
2/
The 50 year mortgage plan is flawed. Here's why.
Lenders require mortgages to be backed by a security, these are often purchased by foreign investors. So a 50 year security would have to be created and that's dubious. What investor wants to wait 50 years for a bond to mature?
1/
Lenders require mortgages to be backed by a security, these are often purchased by foreign investors. So a 50 year security would have to be created and that's dubious. What investor wants to wait 50 years for a bond to mature?
1/
November 14, 2025 at 2:47 PM
The 50 year mortgage plan is flawed. Here's why.
Lenders require mortgages to be backed by a security, these are often purchased by foreign investors. So a 50 year security would have to be created and that's dubious. What investor wants to wait 50 years for a bond to mature?
1/
Lenders require mortgages to be backed by a security, these are often purchased by foreign investors. So a 50 year security would have to be created and that's dubious. What investor wants to wait 50 years for a bond to mature?
1/
Correlation does not prove causation, but if it keeps correlatin I'ma keep doin it.
August 6, 2025 at 1:09 AM
Correlation does not prove causation, but if it keeps correlatin I'ma keep doin it.
I feel like modern day US politics are akin to a reality TV show that's on its 200-and-something-th season but they lost the plot point a long, long time ago.
May 28, 2025 at 8:47 PM
I feel like modern day US politics are akin to a reality TV show that's on its 200-and-something-th season but they lost the plot point a long, long time ago.
“The wise man observed that wealth is a tool of freedom. But the pursuit of wealth is the way to slavery.”
April 9, 2025 at 4:12 PM
“The wise man observed that wealth is a tool of freedom. But the pursuit of wealth is the way to slavery.”
Children in the US have many of the same rights, privileges and protections and adult citizens. However, children largely have fewer responsibilities or accountability for their actions. That burden is often applied to their parents, who ultimately face responsibility for their children’s actions.
March 27, 2025 at 8:58 PM
Children in the US have many of the same rights, privileges and protections and adult citizens. However, children largely have fewer responsibilities or accountability for their actions. That burden is often applied to their parents, who ultimately face responsibility for their children’s actions.
Musk and Trump are allegedly good businessmen. So it stands to question: why are they focused so resolutely on reducing the size of the federal workforce? The average a company spends on payroll is ~15% of revenue. Before their actions, about 9% of the fed. budget was spent on payroll. So..?
March 24, 2025 at 6:53 PM
Musk and Trump are allegedly good businessmen. So it stands to question: why are they focused so resolutely on reducing the size of the federal workforce? The average a company spends on payroll is ~15% of revenue. Before their actions, about 9% of the fed. budget was spent on payroll. So..?
If the stock market went *poof* what would that look like and mean for the wealth of the riches folks alive?
Most wealthy folks aren’t cash rich, they’re asset rich in the form of stocks and other intangible financial products.
Interesting to think about, no?
Most wealthy folks aren’t cash rich, they’re asset rich in the form of stocks and other intangible financial products.
Interesting to think about, no?
February 10, 2025 at 10:42 PM
If the stock market went *poof* what would that look like and mean for the wealth of the riches folks alive?
Most wealthy folks aren’t cash rich, they’re asset rich in the form of stocks and other intangible financial products.
Interesting to think about, no?
Most wealthy folks aren’t cash rich, they’re asset rich in the form of stocks and other intangible financial products.
Interesting to think about, no?
What if there was an organizations whose main priority is building and maintaining US infrastructure? Roads, bridges, power grid, etc. they’d work with local departments but coordinate labor, materials, and standards nationally.
February 7, 2025 at 5:32 PM
What if there was an organizations whose main priority is building and maintaining US infrastructure? Roads, bridges, power grid, etc. they’d work with local departments but coordinate labor, materials, and standards nationally.
Last time US had major tariffs was Smoot-Hawley in 1930. Back then it took a month traveling by boat from US to EU, and transatlantic flights didn’t exist. No phone lines crossed the ocean. Info simply traveled slower. Tariffs were more impactful back then and Smoot-Hawley still failed..SMH
February 5, 2025 at 5:39 PM
Last time US had major tariffs was Smoot-Hawley in 1930. Back then it took a month traveling by boat from US to EU, and transatlantic flights didn’t exist. No phone lines crossed the ocean. Info simply traveled slower. Tariffs were more impactful back then and Smoot-Hawley still failed..SMH
The Institute on Taxation and Policy reported that undocumented immigrants, despite not being eligible to receive any of the benefits, paid into the tax system to the tune of $96bn last year. They paid as much tax collectively as Walmart, Microsoft, Apple, Meta, Amazon, and Google combined ($93bn).
January 31, 2025 at 6:07 PM
The Institute on Taxation and Policy reported that undocumented immigrants, despite not being eligible to receive any of the benefits, paid into the tax system to the tune of $96bn last year. They paid as much tax collectively as Walmart, Microsoft, Apple, Meta, Amazon, and Google combined ($93bn).
Personally, I don’t think Trump is the one making these decisions lately. He’s the spokesperson for the people that don’t want to put their face and name out there. He’s in the same room as people much smarter than him and who have a better understanding of the goals and means to achieve them. 1/2
January 31, 2025 at 5:54 PM
Personally, I don’t think Trump is the one making these decisions lately. He’s the spokesperson for the people that don’t want to put their face and name out there. He’s in the same room as people much smarter than him and who have a better understanding of the goals and means to achieve them. 1/2
After the fires in Hawaii, insurance companies dragged their feet on policy payouts. All the while mortgages on houses were not adjusted and full payment on a home that was no longer standing, was still expected to be paid. If they didn’t, the property went into foreclosure. 2/2
January 21, 2025 at 7:36 PM
After the fires in Hawaii, insurance companies dragged their feet on policy payouts. All the while mortgages on houses were not adjusted and full payment on a home that was no longer standing, was still expected to be paid. If they didn’t, the property went into foreclosure. 2/2
I wonder how many thousands of LA fire victims will be forced to sell their parcels to land developers and corporations if they can’t afford to rebuild? Or can’t afford their mortgage payments. We’ve seen it before. It happened in Hawaii when they had their fires. 1/
January 21, 2025 at 7:32 PM
I wonder how many thousands of LA fire victims will be forced to sell their parcels to land developers and corporations if they can’t afford to rebuild? Or can’t afford their mortgage payments. We’ve seen it before. It happened in Hawaii when they had their fires. 1/
50 years ago digital communication wasn’t really there. Instead you saw a flier or heard about a gathering, showed up and listened to people speak, plan, and take action. You were accountable to a room of folks you wanted acceptance from. The ‘doing’ of things was more impactful. We’ve lost that. /2
January 21, 2025 at 3:21 PM
50 years ago digital communication wasn’t really there. Instead you saw a flier or heard about a gathering, showed up and listened to people speak, plan, and take action. You were accountable to a room of folks you wanted acceptance from. The ‘doing’ of things was more impactful. We’ve lost that. /2
I think social media has degraded our ability to perform collective actions. We get to make a post, create a video, leave a comment etc. that gives us the feeling of accomplishing something, making our voice heard, while actually doing very little. It’s a theater of sorts. Doesn’t move the needle.1/
January 21, 2025 at 3:17 PM
I think social media has degraded our ability to perform collective actions. We get to make a post, create a video, leave a comment etc. that gives us the feeling of accomplishing something, making our voice heard, while actually doing very little. It’s a theater of sorts. Doesn’t move the needle.1/
What would you do if you had an extra $1,000-1,500 in your bank account each month?
January 20, 2025 at 5:28 PM
What would you do if you had an extra $1,000-1,500 in your bank account each month?
The stock market is one of the biggest scams we perpetuate. It’s rigged so only the richest people see consistent benefit. For everyone else it’s pure gambling, and as we all know, the house always wins. Only in this case the ‘house’ is all the other rich folks hoping you ‘invest’ your life savings.
January 20, 2025 at 5:20 PM
The stock market is one of the biggest scams we perpetuate. It’s rigged so only the richest people see consistent benefit. For everyone else it’s pure gambling, and as we all know, the house always wins. Only in this case the ‘house’ is all the other rich folks hoping you ‘invest’ your life savings.
In the US we somehow allow for massive corporations to underpay their full time employees to the point that the employees have to seek out gov’t assistance. Walmart employees use over $6bn in annual assistance. Why doesn’t Walmart foot that bill? Taxpayers subsidize Walmart’s profits, and that’s ok?
January 20, 2025 at 4:53 PM
In the US we somehow allow for massive corporations to underpay their full time employees to the point that the employees have to seek out gov’t assistance. Walmart employees use over $6bn in annual assistance. Why doesn’t Walmart foot that bill? Taxpayers subsidize Walmart’s profits, and that’s ok?
In the US we have a woeful foster care and adoption system. Often times kids age out of the system without being adopted and are thrust into the street with few resources or support systems. Even more concerning since Roe Vs Wade was overturned. What can be done to improve or augment that system?
January 20, 2025 at 4:51 PM
In the US we have a woeful foster care and adoption system. Often times kids age out of the system without being adopted and are thrust into the street with few resources or support systems. Even more concerning since Roe Vs Wade was overturned. What can be done to improve or augment that system?