Domain: tiger-web1.srvr.media3.us Too Late Screwed Us Again! | Page 5 | Political Talk
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re: Too Late Screwed Us Again!

Posted on 7/30/25 at 2:57 pm to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
470977 posts
Posted on 7/30/25 at 2:57 pm to
quote:

Yes. So are high rates.


That's solved if prices fall enough, which they need to.
Posted by FLTech
Member since Sep 2017
26448 posts
Posted on 7/30/25 at 2:58 pm to
Why?! Because nobody is buying houses right now. Why would someone get out of a mortgage where they are locked in at a low interest rate only to get locked in with a very high and shitty interest rate?
Posted by ronricks
Member since Mar 2021
11430 posts
Posted on 7/30/25 at 2:58 pm to
quote:

Due to Dems releasing Covid




Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 2:59 pm to
quote:

That's solved if prices fall enough, which they need to.
And just how are you going to force people to lower their prices. Enlighten us
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
470977 posts
Posted on 7/30/25 at 2:59 pm to
quote:

So you think the historically normal interest rate is what’s hurting buyers and not the massively inflated market prices themselves?


That's where this circle's back to every time. Lower interest rates in order to inflate the value of housing.

Now there is this new NPC talking point about the federal debt, but we all know where that's coming from and again, that's a spending issue that needs to be resolved with spending less and fixing our debt issues that way
Posted by Mandtgr47
Member since Aug 2024
7918 posts
Posted on 7/30/25 at 2:59 pm to
You are such a pathetic person....let me guess, biden led the biggest economic turnaround in history after the country was shut down.

How does it feel being a pathetic, gay, beta. You know good and damn well why covid was started as it was the only way to keep trump out in 2020...by mail in cheating.
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:00 pm to
quote:

ronricks
cant see the forest for the trees.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
470977 posts
Posted on 7/30/25 at 3:00 pm to
quote:

Because nobody is buying houses right now.

Good. Hopefully this pushed more pressure on the market dramatically lowering the prices of homes. Houses aren't being sold because the total cost of Price Plus interest is too high. Interest can remain where it is and total cost are lowered by dramatically decreasing the value and selling prices of homes.
Posted by Mandtgr47
Member since Aug 2024
7918 posts
Posted on 7/30/25 at 3:00 pm to
Laugh all you want you pos
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
470977 posts
Posted on 7/30/25 at 3:00 pm to
quote:

And just how are you going to force people to lower their prices.

Well everyone says that people can't afford their houses. So eventually there's going to be market pressure, terminations, and other market forces that are going to cause people to have to take some losses on real estate and then this will start the market losing confidence in the value of housing prices, which is going to really escalate the slashing of these overrated home values
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298305 posts
Posted on 7/30/25 at 3:01 pm to
quote:

Because nobody is buying houses right now


Because they cost too much.

Increase demand and guess what happens?
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
36618 posts
Posted on 7/30/25 at 3:01 pm to
quote:

Why do we need to lower rates?

The economy seems to be doing fine, and unemployment is low

Now imagine yourself as a newly married 23 year old with a kid on the way looking to buy their first home.
Posted by Mandtgr47
Member since Aug 2024
7918 posts
Posted on 7/30/25 at 3:01 pm to
My god just when I think you couldn't be more pathetic, now you are acting like you are an economists. I wish to god there was a block button on here.
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:02 pm to
so people just have to suffer in your book. frick em. Suffer until you take less money?

you are actively hoping for a housing market crash.


Like i said, you are stupid
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298305 posts
Posted on 7/30/25 at 3:03 pm to
quote:

so people just have to suffer in your book


Who is suffering?
Posted by DrrTiger
Gulf of America
Member since Nov 2023
2474 posts
Posted on 7/30/25 at 3:03 pm to
quote:

And just how are you going to force people to lower their prices. Enlighten us


See, that’s the neato thing about economics. When the demand for something drops at a certain price, the seller has to adjust or else they get to keep it.
Posted by AuburnTigers
9x National Champion
Member since Aug 2013
17432 posts
Posted on 7/30/25 at 3:04 pm to
quote:

Who is suffering?
people priced out of the housing market and are flushing their money down the drain on overly priced rentals.

Posted by LSURussian
Member since Feb 2005
134137 posts
Posted on 7/30/25 at 3:04 pm to
quote:

The far more salient question is, why shouldn't we lower them.
Because there's no compelling reason to lower rates.

Rates are a means to an end, not the end itself.

The Fed's Congressional Mandate: 1) Full employment with, 2) price stability.

Notice the mandate does not say, "Help congress reduce its spending on the national debt."

Nor does it say, "Because the incumbent President wants lower rates."
Posted by Bunk Moreland
Member since Dec 2010
66986 posts
Posted on 7/30/25 at 3:04 pm to
Are housing prices just supposed to increase until the end of time?
Posted by scrooster
Resident Ethicist
Member since Jul 2012
42546 posts
Posted on 7/30/25 at 3:05 pm to
Existing home inventory is way down ... even with asking prices dropping dramatically. Older homeowners are less inclined to sell our mortgage free homes.

Additionally, new home builders have cut way back because of less demand .... which is the result of higher rates.

New home cash buyers, retiring and moving South .... are dropping because they cannot sell their existing homes in rhe Northeast and Midwest.

Yes, there is a market crisis.

Furthermore, municipal and county governments have slowed infrastructure upgrades and expansion because of high rates. Thus forcing them to limit building permits in fear of overloading existing infrastructure. Water, sewage, roads, etc.
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