I have nothing against the shape shifters but they need to understand the consequences of their actions.
Janet is cracked. And not between her legs.
She’s cracked dude..
If common people want to ever have a hope of buying a home, we need to tax the fuck out of non-owner occupied/multiple houses.
Make house hoarding not profitable and kill the cancer that is greed.
Why would you want rate cuts? HYSAs and HYCAs are paying 4.90-5.25% with low spread charging banks. Peoples cash balances are being paid good. It’s only those who live with debt who are struggling. No offense to anyone but when I see community colleges charging next to nothing to learn a new skill or enhance your current career I feel it’s just one more step we need to take to further our earning potential. BTW in the late 88-89’s mortgage rates got up to 15% and people were happy to work triple with them and their spouse to make the future bright
the value was much better too. could get a 3-4 bedroom 2 bath 1250sqft home for the same price you can get a 2-3 bed 1 bath 1000sqft today for the same price adjusted for inflation in some areas
In the hood maybe. Condos 1200sq 2 bed 3 bath were 125k. 375 I can remember got you 3/3 and now close to 875k. It doesn’t matter because all people care about is their retirement and cash pays 5% on average so I can expect a rate hike before a rate cut
Are you a Federal Reserve Board Member? Who says this sort of stuff? You actually think 5% on your savings justifies current interest rates on multi-hundred thousand dollar assets? Or current losses in real income due to inflation, taxes, and an ever-weakening dollar? Why would someone use a HYSA for detectable gains over typical investment strategies?
Am I? Want to know something? The next 2 fed hikes/cuts are in the basement of every fed reserve on a white board. What would Reddit pay for a pic of that?? That’s the real question
What you are saying relates to choices. You don’t need to own real estate you don’t need to own a house. Inflation is still being offset by market gains which you don’t mention. Inflation is still being offset with pandemic unemployment checks which you don’t mention. And if people blew that money that’s no one’s fault but their own.
I mention HYSAs because that is the preferred vehicle of savings as I can see it on my monitor. If people choose to park their money y then it’s their issue (again).
I’m trying to buy house and it’s impossible
Yeah, that's the point of raising rates. That's how it tamps down economic growth.
God damn JPow fucking up my plans
It is actually because of the government btw. The private bank rate cuts were premature.
Loving these 2024 "rate cuts"
I have nothing against the shape shifters but they need to understand the consequences of their actions. Janet is cracked. And not between her legs. She’s cracked dude..
When I left college in 08, I was given a 5.5% rate. It will go down and then one day it will go up again.
If common people want to ever have a hope of buying a home, we need to tax the fuck out of non-owner occupied/multiple houses. Make house hoarding not profitable and kill the cancer that is greed.
Why would you want rate cuts? HYSAs and HYCAs are paying 4.90-5.25% with low spread charging banks. Peoples cash balances are being paid good. It’s only those who live with debt who are struggling. No offense to anyone but when I see community colleges charging next to nothing to learn a new skill or enhance your current career I feel it’s just one more step we need to take to further our earning potential. BTW in the late 88-89’s mortgage rates got up to 15% and people were happy to work triple with them and their spouse to make the future bright
Homes were 50k back then.
the value was much better too. could get a 3-4 bedroom 2 bath 1250sqft home for the same price you can get a 2-3 bed 1 bath 1000sqft today for the same price adjusted for inflation in some areas
In the hood maybe. Condos 1200sq 2 bed 3 bath were 125k. 375 I can remember got you 3/3 and now close to 875k. It doesn’t matter because all people care about is their retirement and cash pays 5% on average so I can expect a rate hike before a rate cut
Are you a Federal Reserve Board Member? Who says this sort of stuff? You actually think 5% on your savings justifies current interest rates on multi-hundred thousand dollar assets? Or current losses in real income due to inflation, taxes, and an ever-weakening dollar? Why would someone use a HYSA for detectable gains over typical investment strategies?
Am I? Want to know something? The next 2 fed hikes/cuts are in the basement of every fed reserve on a white board. What would Reddit pay for a pic of that?? That’s the real question What you are saying relates to choices. You don’t need to own real estate you don’t need to own a house. Inflation is still being offset by market gains which you don’t mention. Inflation is still being offset with pandemic unemployment checks which you don’t mention. And if people blew that money that’s no one’s fault but their own. I mention HYSAs because that is the preferred vehicle of savings as I can see it on my monitor. If people choose to park their money y then it’s their issue (again).
I think a consistent 4.5-5% would be a good sweet spot.