General Discussion

pnwmom

(110,233 posts)

91. I think the points addressed in the first article would apply to Berkeley as well.

Sat Sep 20, 2014, 12:58 PM

Sep 2014

And I'm guessing there are more international buyers there, too, just as there are more international students. And all the owners have an interest in keeping supply low, because that raises the value of their own properties.

I know. It sucks, unless you happened to be one of those owners.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

100 replies

= new reply since forum marked as read

Highlight:

Did Janet Yellen say "Let them Eat Cake"? [View all] daredtowork Sep 2014 OP

My comment yesterday was let her work for $9/hr and see how much she saves. hobbit709 Sep 2014 #1

The first comment I saw was "Let her eat savings" daredtowork Sep 2014 #3

You're right, and it gets worse daily. ACA was the only positive in recent history. NYC_SKP Sep 2014 #2

^^^^^^^^^^^^^^^ Peacetrain Sep 2014 #5

Most of us would love to see something give. Whether it needs to give is merrily Sep 2014 #6

I always thought she was the good one daredtowork Sep 2014 #15

IRAs daredtowork Sep 2014 #9

most of our politicians and the people they appoint noiretextatique Sep 2014 #22

So much for our "representatives" daredtowork Sep 2014 #26

I hear the same. LiberalAndProud Sep 2014 #4

See, I think she knows the reality very, very well, even if she's never merrily Sep 2014 #7

Who is she talking to? daredtowork Sep 2014 #11

? Did you read the OP and click on the links? merrily Sep 2014 #14

I just saw the CFED one daredtowork Sep 2014 #18

Look again. merrily Sep 2014 #19

Which article? nt daredtowork Sep 2014 #23

+1000 noiretextatique Sep 2014 #24

True. SammyWinstonJack Sep 2014 #77

I live near San Francisco daredtowork Sep 2014 #10

What makes you think she doesn't know? merrily Sep 2014 #21

Let's not try to jump over the moon here. Thinkingabout Sep 2014 #8

Very few jobs offer pensions any more daredtowork Sep 2014 #12

I quiet realize there are not many places which offer pensions, we need unions. Thinkingabout Sep 2014 #63

well, part of the problem of saving bbgrunt Sep 2014 #80

Yes the interest rate is lower but the need for savings in retirement is greater than the need to Thinkingabout Sep 2014 #83

They're starting to beg for the tumbrels, hifiguy Sep 2014 #13

Marie Antoinette had, what, the palace guard maybe? merrily Sep 2014 #16

Memes of Pepper Spray Cop daredtowork Sep 2014 #20

Bulletproof tents? Occupy was a peaceful movement. merrily Sep 2014 #25

Flying tents are funny-shaped drones, basically daredtowork Sep 2014 #27

Don't forget Blackwater.... awoke_in_2003 Sep 2014 #69

Yes, and other mercenaries. And the Reserve. Plus, I bet if they felt like it, they could merrily Sep 2014 #70

+ a brazilian. hifiguy Sep 2014 #81

Yes, it's falling on the 99%. merrily Sep 2014 #99

No she was pointing out that many people geek tragedy Sep 2014 #17

No, she did not. And she did not say "people need to save more". Nye Bevan Sep 2014 #28

Accumulate more assets isn't saving? nt daredtowork Sep 2014 #35

She didn't even say "people need to accumulate more assets" (nt) Nye Bevan Sep 2014 #40

DUH YES they do.....she is stating the Obvious....while pointing out how difficult that is now... VanillaRhapsody Sep 2014 #60

economics is like everything else. Adam051188 Sep 2014 #29

I said that yesterday and got jumped on Warpy Sep 2014 #30

I would have to agree with you Nobel_Twaddle_III Sep 2014 #41

That's what I thought "we don't have anything to save, who else but the 2% does?" Dont call me Shirley Sep 2014 #31

They wouldn't get it because daredtowork Sep 2014 #33

.. Dont call me Shirley Sep 2014 #37

Janet Yellen expressed support for Supply Side Economics. Enthusiast Sep 2014 #32

I think the tone was set daredtowork Sep 2014 #34

Okay ... 1StrongBlackMan Sep 2014 #49

I watched a short clip on TV, little more than a sound bite, Enthusiast Sep 2014 #82

Of course you did ... 1StrongBlackMan Sep 2014 #87

But...but...THIS ADMINISTRATION IS JUST LIKE FDR's!!!11!1!11! woo me with science Sep 2014 #36

FDR would roll in his grave if he knew how Americans have become AZ Progressive Sep 2014 #50

Forgive me but I do not understand "enough work credits for minimal social security" Nobel_Twaddle_III Sep 2014 #38

Yes daredtowork Sep 2014 #42

Thank You! for explaning that to me. Nobel_Twaddle_III Sep 2014 #43

I was hoping that it would be unnecessary daredtowork Sep 2014 #47

It is implied that she was talking about people with enough income to choose to save Taitertots Sep 2014 #39

I usually get paywalled by NYT daredtowork Sep 2014 #44

Use the "incognito" mode of your web browser to go to the NYT. jeff47 Sep 2014 #58

Ooh thanks! daredtowork Sep 2014 #66

The other day I was in the car Boreal Sep 2014 #45

I think you mis-heard ... 1StrongBlackMan Sep 2014 #52

No, I didn't mis-hear Boreal Sep 2014 #55

You didn't miss-hear what the idiots said. jeff47 Sep 2014 #61

Yellen doesn't want wages and salaries to rise? ... 1StrongBlackMan Sep 2014 #85

I'd keep applying daredtowork Sep 2014 #54

Call Bender and Bender BobbyBoring Sep 2014 #93

One of my favorite topics.. marlene.elyse Sep 2014 #46

Good description of how the system works to transfer middle class assets to the 1 percent. AdHocSolver Sep 2014 #76

Austerity for you peons JEB Sep 2014 #48

It seems the only citizens expected to live in austerity FlatStanley Sep 2014 #51

She is a banker. OneCrazyDiamond Sep 2014 #53

"The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, WinkyDink Sep 2014 #56

Except in Berkeley daredtowork Sep 2014 #57

Ah. Well, playing poor has always gone over better than being poor. WinkyDink Sep 2014 #89

Context is eveything. Turbineguy Sep 2014 #59

Except she didn't say that. pnwmom Sep 2014 #62

In the AP article daredtowork Sep 2014 #64

What is wrong with fixing the economy so that people can accumulate more savings? pnwmom Sep 2014 #65

That's not how it looks daredtowork Sep 2014 #67

Wall Street expected her to this time, but she didn't raise the rates. pnwmom Sep 2014 #68

But has QE been creating jobs? daredtowork Sep 2014 #71

We have millions more jobs since the Bush crash -- but that's not enough. pnwmom Sep 2014 #72

I'm not blaming Yellen (yet) on QE daredtowork Sep 2014 #73

I don't know where you live, but I doubt the QE is largely responsible for the massive property pnwmom Sep 2014 #74

I think QE has to converge with "desirable" property daredtowork Sep 2014 #75

What's going on there is not the convergence of the QE and desirable property. pnwmom Sep 2014 #78

I do read Krugman daredtowork Sep 2014 #79

The tech industry has been increasing steadily, but that's not the whole picture. pnwmom Sep 2014 #84

Thanks for all the resources! daredtowork Sep 2014 #86

Just tell him that association is not causation. Surely he's smart enough to understand that. pnwmom Sep 2014 #88

We live in Berkeley daredtowork Sep 2014 #90

I think the points addressed in the first article would apply to Berkeley as well. pnwmom Sep 2014 #91

Rich parents also buy property as investments daredtowork Sep 2014 #92

If low-income Americans would adopt the kind of lifestyles and living arrangements cheapdate Sep 2014 #94

You mean daredtowork Sep 2014 #95

I assumed that the satire in my post was fairly obvious. cheapdate Sep 2014 #97

yep, sorry the satire went right past me daredtowork Sep 2014 #98

I'm not sure I see a lot of GOP concern for structures that "shelter the weak." cheapdate Sep 2014 #100

she never said "let them save" hfojvt Sep 2014 #96