The Stock Market Is Not The Economy Thread II

[Tomiko]

I like how the Stock Market thread became the food thread and unpop opinion thread all in one.

They just keep egging each other on.

[6souls]

They just keep egging each other on.

[archibaldcrane]

https://twitter.com/PplPolicyProj/st...888015872?s=19

[kuronosan]

So what you're saying is if we pay people more money the economy actually grows?

[TsingTao]

Pick obviously different colors you fucks. You don't need to save the other, clearly dissimilar ones for the lines not on this graph.

[archibaldcrane]

The whole thing really suggests that we have serious onboarding issues, we're running low on good reasons why job growth shouldn't be faster.

[6souls]

https://twitter.com/USDOL/status/1441017009001619458

[synistar]

I guess the gamestonk thread is closed.

So it's like the stocks recovered from the China thing on Monday.

So who is ready for the debt ceiling debates and how that will fuck up the markets?

[Melena]

Didn't even notice they closed it. I'll get around to creating a new one if there's interest.

[Sepukku]

So who is ready for the debt ceiling debates and how that will fuck up the markets?

We're going to 2008 level issues, at a bare minimum, if the US defaults on its debt.

[6souls]

https://twitter.com/USDOL/status/1443553725847687173

[6souls]

https://twitter.com/AP_Oddities/stat...56115559129088

[Kaslo]

It's almost like lay people don't understand you are buying the land, not the house.

[6souls]

https://twitter.com/AP/status/1445201125783789574?s=20

[TsingTao]

Last time this happened we got bullshit reality TV. I'm afraid.

[zoobernut]

It's almost like lay people don't understand you are buying the land, not the house.

Land rarely has nearly as much value as the house on the land. The price difference between land and land that is developed is huge. Also if there is no habitable house on a property then you can't get a regular mortgage. So while you do have a point to an extent it is ignoring a whole bunch of other stuff and the fact that blank land is selling for that much is astounding.

[Kaslo]

Land rarely has nearly as much value as the house on the land. The price difference between land and land that is developed is huge. Also if there is no habitable house on a property then you can't get a regular mortgage. So while you do have a point to an extent it is ignoring a whole bunch of other stuff and the fact that blank land is selling for that much is astounding.

But the house is only treated as an improvement on the house. You never buy the "house," you buy the land. And where the land is located is a bigger determination of price than the house on it.

[zoobernut]

But the house is only treated as an improvement on the house. You never buy the "house," you buy the land. And where the land is located is a bigger determination of price than the house on it.

When you are trying to get a mortgage all they care about is how improved the land is. Also that isn't necessarily true you can buy a house but not the land under it. Think of it this way. The bank will give you a mortgage on a house without land but not on land without a house. (well you can get a mortgage on land with no house but it is a construction loan requires about 50% down payment and has a huge premium on interest rates and requires you to finish building a house and refinance in a certain period of time.)

The ultimate point is that it is accurate for them to be amazed that a property with no habitable house is selling at such a premium. To be fair if the house was there and burnt down that usually means other improvements are already there that can cost a lot and are valuable like utility hookups and permits.

[Kaslo]

you can buy a house but not the land under it.

Not really.

[archibaldcrane]

I mean, like a condo sure