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Started By
Message
re: Too Late Screwed Us Again!
Posted on 7/30/25 at 3:21 pm to AuburnTigers
Posted on 7/30/25 at 3:21 pm to AuburnTigers
Powell is a Deep State operative. He must be dealt with.
1
Posted on 7/30/25 at 3:23 pm to AuburnTigers
quote:You and the other numbnuts poster can't have it both ways.
So high interest rates are causing the highest inventory levels in 5 years.
"Interest rates are causing low housing inventory!"
"Nuh-uh, interest rates are causing high housing inventory!!!"
How about: The cost of housing is near an all time high which is making it difficult for young buyers to buy a house now. Lowering interest rates will push housing prices higher because house buying demand will increase making it even more difficult for young buyers to afford a house.
Posted on 7/30/25 at 3:24 pm to AuburnTigers
quote:
So high interest rates are causing the highest inventory levels in 5 years.
AAlso within those 5 years..
quote:
2020: The median home price was approximately $350,000.
1
2025: The median home price has risen to around $416,900.
1
Posted on 7/30/25 at 3:25 pm to RogerTheShrubber
Price of vehicles as well. Homeowners will put themselves into straight jackets not only on their first but they will then start taking out HELOCs in greater # s that will strip equity as they access the line.
Posted on 7/30/25 at 3:29 pm to LSURussian
The interest rates aren’t even that bad compared to the history of mortgages. I paid over 8% in the late 90s. Problem is that houses went up too fast when they lowered the rates to something that we will probably never be seen again and houses haven’t come back down from when rates were low.
I have a friend who has had a house in the market for six months with zero interest and he blames it on the rates for why it doesn’t move, but yet he will not lower the price.
I have a friend who has had a house in the market for six months with zero interest and he blames it on the rates for why it doesn’t move, but yet he will not lower the price.
Posted on 7/30/25 at 3:29 pm to Goforit
quote:
Powell is a Deep State operative. He must be dealt with.
Posted on 7/30/25 at 3:31 pm to LSURussian
quote:We all agree on that.
The cost of housing is near an all time high which is making it difficult for young buyers to buy a house now
quote:So its better to pay high interest rates on a high mortgage, than lower interest rates on a high mortgage?
Lowering interest rates will push housing prices higher
Costs arent going to crash like that idiot SFP is hoping. Theyre not. So its either frick the young home buyer with high interest rates or try to open the market for them by lower the rates.
Also, the interest on the national debt has to factor in here. frick paying these high arse interest rates on that debt. Cut the rate and save billions.
Posted on 7/30/25 at 3:35 pm to RedHawk
quote:homes also cost a lot less and the value of the dollar wasnt diluted.
I paid over 8% in the late 90s.
8 percent on a 110k home in the 90s doesnt compare to 6.7 percent on a 330k home in 2025. It just doesnt
Posted on 7/30/25 at 3:35 pm to AuburnTigers
.....or entice fools to borrow more along with the idiots in Washington.
Posted on 7/30/25 at 3:37 pm to KiwiHead
quote:
Price of vehicles as well. Homeowners will put themselves into straight jackets not only on their first but they will then start taking out HELOCs in greater # s that will strip equity as they access the line.
Yep, the notes people will carry on a vehicle scare the hell out of me. Some folks are probably underwater on vehicle notes most of their lives.
Posted on 7/30/25 at 3:38 pm to SlowFlowPro
quote:huh?
Housing prices haven't fallen enough. This forcing prices down is a good thing, IMHO.
Posted on 7/30/25 at 3:42 pm to RogerTheShrubber
.....or they have enough room on their HELOC and then attach the car to their house. Then they delude themselves about lack of car debt and a low rate stretched over 15 years
Posted on 7/30/25 at 3:43 pm to ninthward
They haven’t fallen at all, he doesn’t have a clue. They rose again last month
Posted on 7/30/25 at 3:45 pm to MajorityWhip
Besides the cowardly RINOS not backing him, why can't Trump just fire him?
Posted on 7/30/25 at 3:48 pm to Cosmo
quote:
Lower the price
Low interest rates are a big part of why housing prices jumped after covid
If low rates cause housing prices to rise and high rates help lower the price, then wouldn't it be better to have lower rates? Why would you want more value in the house going to the bank instead of the homeowner?
High prices for the house benefits the homeowner through increased equity and the community through higher property taxes. Higher interest only benefits the bankers.
If the market works as you say, then there is no reason to prefer lower price and higher interest over higher price and lower interest.
Posted on 7/30/25 at 3:49 pm to AuburnTigers
quote:
So its better to pay high interest rates on a high mortgage, than lower interest rates on a high mortgage?
If they lower the rates, the prices will more than likely go up even higher.
Posted on 7/30/25 at 3:50 pm to TenWheelsForJesus
The point is housing prices aren’t dropping and rates aren’t either making the housing market largely unaffordable for most buyers especially young ones. The only one of those factors the government can address is interest rates and I don’t mean 2% interest but a reduction to around 5% would greatly help a lot of buyers enter the market
Posted on 7/30/25 at 3:53 pm to CR4090
quote:Because it's against the law??
why can't Trump just fire him?
Posted on 7/30/25 at 3:54 pm to SlowFlowPro
quote:
IMHO.
There's not a humble molecule in your body. "I'm high IQ and gifted" is the daily drivel seeping from your slack mouth. Actual high IQ and gifted folks, on the other hand, are almost always humble. Quite the opposite of you.
"Contrarian extraordinaire" would be a more appropriate epithet.
Posted on 7/30/25 at 3:56 pm to SlowFlowPro
Open mouth put foot in it
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