wealth gap widens between whites and minorities

[ProfJohn]

How did the last 10 years work out? How bout the stock market?

Sometimes, guess work (and history) is no predictor of future results.

By the way, I wouldn't mind if your prediction came true....I'm tired of sitting in the market lull that we're in now.

I don't know for sure, but I am guessing that if you paid $200,000 for a house 10 years ago it is still probably worth more than you paid for it.

The housing bubble didn't start until a little later than that, but I am not sure.

And we should keep in mind that it all depends on the value when you sell as opposed to the value on any given day. My house appraised at $240 before I bought it.

I would be lucky to get more than $220,000 in the current market (can build a new one for that price) but in a couple of years in a normal market with all the big discounts removed I might be able to get to that price.

 

[JockoJohnson]

What color are Jews?

The color of EVIL

(I will preemptively say that was sarcasm)

 

[Binarycow]

I got that far and realized that although there may be some truth to the article, it's based on bullshit statistics. Most people realize that the top .1% of the nation are getting wealthier and wealthier. The top .1% of the nation hold 50% of the wealth (or whatever the percentage is; that stat was given yesterday or the day before in some thread, but really, it's not important to the argument.)

So, if the uber-rich are getting richer faster and the gap is growing between them and the rest of the country, and ALL of the uber-rich in this country are white... Well, DUHHHH, if you average them in with all whites, then of course whites are getting richer faster than other races.

Agreed. To really give a real representative picture of the population they need to omit the top 5% household income bracket and possibly the bottom 5% also. Those can possibly be argued as outliers.