3 ms·
> People emboldened by market and housing gains have to been spending ridiculous amounts of money like there is no tomorrow what are you basing this claim on?
by Solvency 2y ago
> People emboldened by market and housing gains have to been spending ridiculous amounts of money like there is no tomorrow
what are you basing this claim on? the fact that airbnb bookings are up for a rare celestial event?
here is where all of my ridiculous amounts of money is going towards: $6/gal gas in california, ever-increasing property taxes, ever-increasing insurance premiums, $399 "surgery" charges at an ENT simply because they looked up my nose for half a second, insanely expensive annual car registration charges, etc.
- dfxm12 2y agoSeriously. For all we know, these are relatively local people who had to settle for this cheap "vacation" instead of a more expensive/longer trip further away... Relatively few people own stocks & home ownership has tapered off & isn't back to its pre pandemic highs... Maybe these things show the people that were doing well are still doing well, but we knew that already.
- nickpp 2y ago> Relatively few people own stocks 61% of Americans, says Gallup [1]. Not sure if this includes those indirectly owning stocks, through pension funds. [1] https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx https://news.gallup.com/poll/266807/percentage-americans-own...