The ghetto ass car lot at Western and Kent is back open!!!!!!!

5/12/2013 5:29:00 PM

OH WE BACK

5/12/2013 5:48:36 PM

lol it's been over for like 4 years

just the recovery hasn't been good

5/12/2013 6:23:05 PM

5/12/2013 11:01:25 PM

New and Improved!!!!!!! The office that looks like a storage building now has handicap parking spaces a ramp!

5/13/2013 1:12:09 AM

There's no way people actually buy those old ass cars.

5/13/2013 6:56:49 AM

5/13/2013 8:37:01 AM

Quote :

"The ghetto ass car lot at Western and Kent is back open!!!!!!!"

LMAO

Quote :

"lol it's been over for like 4 years just the recovery hasn't been good"

I'm pretty sure the average joe on the street doesn't feel like the recession ever ended, regardless of economic metrics. I sure don't feel like it ever ended. Just because the gov't and MSM preach it constantly doesn't mean its true.

5/13/2013 9:12:07 AM

That car lot was like the first thing to go when the economy crashed, all the cars got picked up by tow trucks and I guess re-po'd.

5/13/2013 9:31:43 AM

Quote :

"I'm pretty sure the average joe on the street doesn't feel like the recession ever ended, regardless of economic metrics. I sure don't feel like it ever ended. Just because the gov't and MSM preach it constantly doesn't mean its true."

You realize that "recession" is a word with a specific definition, right? I'm not saying the economy isn't fucked--it is--but that doesn't mean we're in a recession.

5/13/2013 9:35:29 AM

That's where I bought my first car

5/13/2013 9:35:31 AM

average joe on the street doesn't know what a recession is.

5/13/2013 9:42:51 AM

I don't always buy a used car, but when I do its at a lot with a dirt floor.

5/13/2013 9:43:43 AM

This was 14 years ago

5/13/2013 9:54:55 AM

They said the recession would have a permanent impact on the way we live. I've come to view the recent past as an anomaly, especially coming from an economically booming area with a low cost of living. Everybody had jobs and plenty of money. Working class families could buy a house and still have money left over to go on vacations and have the kids do gymnastics or whatever. It was awesome, and I thought it was normal.

Do you remember what crappy service you used to get from teenagers at fast food restaurants and grocery stores? Now it's like 40 year-olds.

5/13/2013 10:07:58 AM

I do not really know anyone around Raleigh that is struggling to survive, losing things to repossession, etc. That is not to say people are not underpaid and overqualified for their jobs, but its a lot better here than other places.

I got slammed really hard in 2009, had to cut my losses on a lot of shit, kind of start over. I have bought two properties in the last year, business is back going, paid cash for my wedding. I definitely learned a lot from that period of time. I am glad I learned those lessons in my early 20s and hopefully those same mistakes are not made later in life when there is more to lose.

5/13/2013 10:18:05 AM

http://finance.fortune.cnn.com/2013/08/12/credit-crunch-over/?iid=obnetwork

8/19/2013 5:48:05 PM

WOOT WOOT!

CRACK PARTY!

8/19/2013 5:49:57 PM

I went into one of those cash for gold places and they gave me a gold nugget just for showing up during business hours.

8/19/2013 5:52:02 PM

Quote :

"Want to buy a new or used vehicle but worried about all the financing and negotiating that goes along with it? We can help. Capital One® has streamlined vehicle buying with a Blank Check. It only takes about 10 minutes to apply! Your auto loan and payments will be calculated for you, and you’ll learn the amount you can spend on your next vehicle. "

This is back too.......

5/6/2014 2:50:42 PM

^? is there an issue with capital one auto financing?

5/6/2014 3:43:17 PM

i sure haven't seen a pay raise in the past 6 years.

5/6/2014 3:59:49 PM

I have seen a substantial pay raise each year for the last 6 years. *knocks on wood* recession over???

5/6/2014 4:51:40 PM

^^The electorate lacks the political will to adequately fund education, sry

5/6/2014 5:24:25 PM

credit standards are loosening

still no one is making more money

is that sustainable?

1/22/2015 11:43:00 PM

^ brought to you by Obamacare ®

Sustainable healthcare/auto/education/cell-phone/communitycollege/taxcredits

promising you a stable future for your nationalized and state-controlled markets™

1/23/2015 12:23:34 AM

the jax sports grill building was demolised, thanks obama

1/24/2015 2:12:37 PM

By current trends the world's wealthiest 1% will own more wealth than the other 99% combined by the end of this year.
Just think of all the trickling down that's about to happen.

[Edited on January 24, 2015 at 4:48 PM. Reason : s]

1/24/2015 4:47:43 PM

1% = 72.9 million people

1/25/2015 1:53:49 PM

I bet most of us are in the world's richest 1% of people, or very close to it.

[Edited on January 25, 2015 at 2:15 PM. Reason : yep, looks like about $67k puts you there in terms of income. Not sure about net worth.]

[Edited on January 25, 2015 at 2:19 PM. Reason : or about $32,500 by another calculator.]

1/25/2015 2:13:44 PM

if you look at net worth and not income, it's unlikely that this website has many 1% and probably very foew in the top 10%

1/25/2015 2:58:50 PM

probably not many 1% in net worth, just because we're all relatively young. I bet there are plenty in the top 10%, though. World, not U.S.

Shit, if you have $20, you're probably in the top 20% in terms of net worth.

1/25/2015 3:20:33 PM

It's not that 50% is some magic indicator that our economy is in trouble. The number itself is debatable and I did not mean for that statement to be taken literally. It's just a milestone that some groups are predicting will occur within the next year. The actual number is less important than the trend it represents. The economy is doing a great job of generating wealth, but that wealth is increasingly going into the hands of a smaller circle of people. Trickle down is bullshit.

[Edited on January 25, 2015 at 3:23 PM. Reason : l]

1/25/2015 3:21:30 PM

We need to change our tax structure so that you can't dodge taxes (above a certain amount) by getting paid in stock or making most of your money in capital gains/dividends. It's not that the tax rates are too high; it doesn't matter how high or low they are if your income isn't subject to them.


That said, it's not a zero-sum game. The rich can get richer, and the poor can get richer or stay the same. Also, I wonder if the rich tend to benefit early from recovery, with the benefits for everyone else tending to have more lag.

1/25/2015 3:27:09 PM

Quote :

" I bet there are plenty in the top 10%, though. World, not U.S."

i think that's around $100k net worth, so probably just a few on this site

1/25/2015 3:28:08 PM

more like $85k, according to http://www.globalrichlist.com

Regardless...$85k, $100k net worth? There have got to be more than "just a few". I would hope it would be at least a few dozen.

1/25/2015 4:01:33 PM

i doubt that, a lot of people on this site don't even own a home

1/25/2015 4:02:20 PM

^^ that's kind of what I was thinking but maybe I'm way off.

1/25/2015 4:05:21 PM

I agree that it doesn't have to be a zero sum game, however the people at the bottom of the totem pole have no say in the matter and those at the top have heavy incentives to choose the zero sum option.

Stop harping on the 1% number. You're too focused on the handful of folks who happened to make the list because they own a car and have a little bit of equity in their home. There's clearly a divide when you and I have to pay into the $6.2B/year in welfare subsidies to Wal-Mart employees while four of the ten wealthiest Americans have the last name "Walton" and their net worth seems immune to the supposed economic hiccups that plague the rest of society. Again, the number itself is less important than the trend it represents.

[Edited on January 25, 2015 at 4:13 PM. Reason : l]

1/25/2015 4:09:42 PM

What I mean by "not zero sum" is that the widening of the wealth gap doesn't necessarily (and probably doesn't) mean anyone is losing. The rich getting richer doesn't necessarily hurt anyone else. It just doesn't necessarily help anyone else. Not unless the trickling down happens more going forward as a lagging effect (not terribly far-fetched, though I won't say I expect it).

1/25/2015 5:23:37 PM

Quote :

"You’re in the top 0.11% richest people in the world by income. That makes you the 6,482,894th richest person on earth by income. "

This made me feel good about myself.

1/26/2015 4:23:01 PM

You guys should watch 'Inequality for All' on Netflix. That documentary opened my eyes. It is available on Instant Watch.

1/26/2015 6:09:02 PM

^^Nice humblebrag.

Now everyone can approximate your income.

1/27/2015 12:20:23 AM

Quote :

"What I mean by "not zero sum" is that the widening of the wealth gap doesn't necessarily (and probably doesn't) mean anyone is losing. The rich getting richer doesn't necessarily hurt anyone else. It just doesn't necessarily help anyone else. Not unless the trickling down happens more going forward as a lagging effect (not terribly far-fetched, though I won't say I expect it)."

Well, if you are poor and you live next to a rich person, it most certainly hurts you because the price of everything around you will go up and you will become priced out of your location. You'll then have to move elsewhere, lengthening your commute or forcing you to get a job in a less lucrative area.

1/27/2015 12:52:55 AM

^^not like it actually matters what my income is. I work for what I have and try not to spend much of what I get. #MiddleClassLife

1/28/2015 2:31:41 PM

It has been about 6 yrs.

1/30/2015 11:39:03 AM

Quote :

"not like it actually matters what my income is"

dat 0.11% privilege boosta

I'm Krallum and I approved this message.

1/30/2015 11:43:50 AM

aww yeah...I'm buying a yacht!!!!

1/30/2015 12:07:06 PM

0.05%, but that's only like 94th percentile in the US

1/30/2015 12:39:56 PM

I think this is the study that is being referenced:

http://policy-practice.oxfam.org.uk/publications/wealth-having-it-all-and-wanting-more-338125

85 people make up the world's wealthiest 1%.

1/30/2015 1:46:39 PM