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Posted on 7/30/25 at 3:58 pm to SlowFlowPro
quote:37 trillion has already been spent. During the pandemic yellen could have locked in under 1% rates in some cases for 10 or even 30 years. Instead she chose mostly 2 years and under. This has cost taxpayers hundreds of billions since 2022.
We need to cut spending.
Posted on 7/30/25 at 4:03 pm to AuburnTigers
quote:Money doesn't care.
so people just have to suffer in your book. frick em. Suffer until you take less money?
The problem is amplified though in instances of leverage as is the case with most home purchases. Folks scrimp and save for years to get a 20% DP on a home. When they lose that entire amount d/t 20% devaluation, it's a life changing devastation.
I'm afraid we're on that kind of cusp. Certainly, at these levels, I'd not be a home buyer unless I was dead certain I'd be in the home ~10yrs. Better to rent and invest elsewhere IMO. I say that as someone who bought last year with similar inclinations.
Posted on 7/30/25 at 4:05 pm to KiwiHead
quote:Blackstone?
Blackrock is buying them all up
Posted on 7/30/25 at 4:10 pm to LSURussian
quote:Interesting link. Especially juxtaposed with price.
LINK
Thanks.
Posted on 7/30/25 at 4:14 pm to NC_Tigah
Blackstone....Blackwell......Blackmon.....Blackrock.....Axe Capital
Posted on 7/30/25 at 4:15 pm to TigerAxeOK
quote:
Now imagine yourself as a newly married 23 year old with a kid on the way looking to buy their first home.
I am looking out for them by not letting home prices inflate further
Posted on 7/30/25 at 4:16 pm to AuburnTigers
quote:
so people just have to suffer in your book. frick em. Suffer until you take less money?
Are you a communist or something? This is how markets work.
There are plenty of people suffering because housing is artificially high. That's the ying and yang of the market, supply and demand, etc.
quote:
you are actively hoping for a housing market crash.
No. I want a correction. We've needed once since the post Great Recession government policy enacted to specifically inflate housing.
Posted on 7/30/25 at 4:17 pm to Bunk Moreland
quote:
Are housing prices just supposed to increase until the end of time?
Within 4 posts, this genius argued that I want suffering by forcing housing prices to be lowered AND that people facing inflated housing prices are suffering.
Posted on 7/30/25 at 4:24 pm to SlowFlowPro
quote:keep telling yourself that sweetheart
I am looking out for them by not letting home prices inflate further
Posted on 7/30/25 at 4:26 pm to SlowFlowPro
quote:this idiot actually is advocating for a housing market crash.
SlowFlowPro
Posted on 7/30/25 at 4:28 pm to AuburnTigers
Here’s what’s so funny about all this. Trump appointed Powell. Told us how great he was when he appointed him. Now, Powell is an idiot. We’ve all seen this movie before. If some of the MAGA Trumpers on here have so much faith that Trump will ‘fix’ things, Powell is gone in 8 months or so? Buy a house and hope your lord and savior can fix things and rates plummet and you can refi. Put your money where your mouth is.
Posted on 7/30/25 at 4:28 pm to SlowFlowPro
quote:You're right of course.
That's solved if prices fall enough, which they need to.
But that does set the field for another millennial "woe is me" tsunami.
Boomers and GenX are much less likely to be subjected to an elective or forced move over the next decade. Those (e.g., Gens Y & Z) who are still mobile or unsettled are the ones a housing devaluation would kill.
Posted on 7/30/25 at 4:30 pm to AuburnTigers
quote:
this idiot actually is advocating for a housing market crash.
If prices are too high and people are suffering as a result, what's the issue with a price decline?
Do you just believe that housing shouldn't be subject to market forces and government should step in to manipulate the market to ensure they never lose value? Did you miss the whole 2008 crash?
Posted on 7/30/25 at 4:33 pm to SlowFlowPro
quote:people are suffering as a result
If prices are too high and people are suffering as a result, what's the issue with a price decline?
Posted on 7/30/25 at 4:33 pm to ronricks
quote:amazing how time and experience can change someones opinion. Its almost as if there is a body of work Trump can judge him by.
Here’s what’s so funny about all this. Trump appointed Powell. Told us how great he was when he appointed him. Now, Powell is an idiot.
Posted on 7/30/25 at 4:36 pm to NC_Tigah
quote:
Those (e.g., Gens Y & Z) who are still mobile or unsettled are the ones a housing devaluation would kill.
It used to be common sense that people like this would rent unless they knew they would be somewhere for a few years minimum. But I guess this was before people expected double-digit annual returns on a house as their primary savings vehicle.
Posted on 7/30/25 at 4:36 pm to SlowFlowPro
quote:So you pose a question, pretend its my belief, then ask if i missed the crash in 08? Nice try weirdo
Do you just believe that housing shouldn't be subject to market forces and government should step in to manipulate the market to ensure they never lose value?
quote:so yes, you are in favor of a housing market crash for America.
If prices are too high and people are suffering as a result, what's the issue with a price decline?
You truly are a pos
Posted on 7/30/25 at 4:37 pm to AuburnTigers
quote:I'm not adamantly opposed to it. The houses in my neighborhood that are actually put up for sale last about 2 hours and my property taxes are stupid high
this idiot actually is advocating for a housing market crash
Posted on 7/30/25 at 4:37 pm to Trevaylin
quote:you know what else would save the fed govt 350 billion dollars a year?
It was said yesterday that a 1% reduction in rates would save the fed govt 350 billion dollars a year.
CUTTING FED SPENDING BY 350 BILLION DOLLARS
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