Oh, I’m doing fine. I’m no 1%er, but combined with my wife we broke the top 10% last year.
But here’s the thing… We bought a house and have a 3.25% interest rate, financially, that’s great for us… but we’re locked in now.
Anyone wanting to buy our house would be staring down 7%, which makes it harder for us to sell, and we would be faced with the same if we wanted to move or upgrade or downsize.
Everything is more expensive. People who banked savings during the pandemic are running out:
And as the economic crunch comes down, people start looking for someone to blame and that scapegoating causes a rise in fascism. There’s always some exploitable “other” out there looking to separate “you” from everything “you are owed”, and that’s how jack booted thugs gain power.
Oh, I’m doing fine. I’m no 1%er, but combined with my wife we broke the top 10% last year.
But here’s the thing… We bought a house and have a 3.25% interest rate, financially, that’s great for us… but we’re locked in now.
Anyone wanting to buy our house would be staring down 7%, which makes it harder for us to sell, and we would be faced with the same if we wanted to move or upgrade or downsize.
Everything is more expensive. People who banked savings during the pandemic are running out:
https://www.frbsf.org/our-district/about/sf-fed-blog/excess-no-more-dwindling-pandemic-savings/
And as the economic crunch comes down, people start looking for someone to blame and that scapegoating causes a rise in fascism. There’s always some exploitable “other” out there looking to separate “you” from everything “you are owed”, and that’s how jack booted thugs gain power.