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Billionaire: "Now is the best time to buy a house"
11-19-2023, 12:51 PM
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#61
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Originally Posted By Anachron⏩
It’s SO STRESSFUL bro lol :]I chuckled when I read the bolded.
Yup, rentard LARPing as a homeowner confirmed.
Yup, rentard LARPing as a homeowner confirmed.

11-19-2023, 12:51 PM
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#62
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Originally Posted By BigDeeps01⏩
That's only a half truth. They own a ton of stock in companies that absolutely do.Blackrock definitely is not trying to buy up all single family houses. In fact total hedge fund house buying accounted for less than 1% of all single family houses sold this year
11-19-2023, 12:51 PM
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#63
Originally Posted By Godfrd824⏩
yes, 2008 was a massive housing crash, home values went way down. google it for a quick easy chart.Did it? Because if we look at any house in any desirable area, it looks like things have just gone up and up.
My ALT is elevated. 75.
11-19-2023, 12:53 PM
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#64
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She’s right that there is pent up demand and as long as houses remain unaffordable demand will continue to increase.
Her statement about interest rates and prices is nonsense though.
There are massive inflationary and deflationary forces at work. Where interest rates will be in the future is such a complex question even the most informed folks are just making educated guesses.
A decoupling of globalization and war time spending will lead to persistently high interest rates. Technology, an attack on private property, and a return to globalization will lead to reduced interest rates.
Place your bets accordingly.
Her statement about interest rates and prices is nonsense though.
There are massive inflationary and deflationary forces at work. Where interest rates will be in the future is such a complex question even the most informed folks are just making educated guesses.
A decoupling of globalization and war time spending will lead to persistently high interest rates. Technology, an attack on private property, and a return to globalization will lead to reduced interest rates.
Place your bets accordingly.
11-19-2023, 12:53 PM
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#65
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Originally Posted By bsrkoacar2⏩
No, it’s a full truth. The majority of single family home buying by investors is by mom and pop investors. That less than 1% figure includes companies owned by Blackrock because that would fall into the “hedge fund” categoryThat's only a half truth. They own a ton of stock in companies that absolutely do
You guys should definitely do your research before parroting dumb chit you hear on social media
11-19-2023, 12:54 PM
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#66
Originally Posted By bsrkoacar2⏩
I've got deeps on ignore from some other thread. you're talking to a mental midget. He wouldn't understand things like that or that 1% could be high RELATIVELY, even though it's not in aggregate.That's only a half truth. They own a ton of stock in companies that absolutely do
My ALT is elevated. 75.
11-19-2023, 12:55 PM
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#67
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Originally Posted By BigDeeps01⏩
They own 11% share in KB home and their stock surged like 50% this year. I guess they dont technically buy family homes but they build them. Similar thoughNo, it’s a full truth. The majority of single family home buying by investors is by mom and pop investors. That less than 1% figure includes companies owned by Blackrock because that would fall into the “hedge fund” category
You guys should definitely do your research before parroting dumb chit you hear on social media
You guys should definitely do your research before parroting dumb chit you hear on social media
11-19-2023, 12:56 PM
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#68
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Originally Posted By bsrkoacar2⏩
That doesn’t change what I said in the slightestThey own 11% share in KB home and their stock surged like 50% this year. I guess they do technically buy family homes but they build them. Similar though
Anyone in the industry can tell you hedge fund buying is way down
Sorry bud :]
11-19-2023, 12:57 PM
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#69
Originally Posted By Masterchieffer⏩
the pent up demand as long as housing is unaffordable is interesting - what if the prices go down from a harsh economic recession, wouldn't demand evaporate?She’s right that there is pent up demand and as long as houses remain unaffordable demand will continue to increase.
Her statement about interest rates and prices is nonsense though.
There are massive inflationary and deflationary forces at work. Where interest rates will be in the future is such a complex question even the most informed folks are just making educated guesses.
A decoupling of globalization and war time spending will lead to persistently high interest rates. Technology, an attack on private property, and a return to globalization will lead to reduced interest rates.
Place your bets accordingly.
Her statement about interest rates and prices is nonsense though.
There are massive inflationary and deflationary forces at work. Where interest rates will be in the future is such a complex question even the most informed folks are just making educated guesses.
A decoupling of globalization and war time spending will lead to persistently high interest rates. Technology, an attack on private property, and a return to globalization will lead to reduced interest rates.
Place your bets accordingly.
I get that there is demand there but it seems like it could evaporate quickly?
My ALT is elevated. 75.
11-19-2023, 01:00 PM
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#70
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Originally Posted By BigDeeps01⏩
Does that change their long term plan? I don't think soThat doesn’t change what I said in the slightest
Anyone in the industry can tell you hedge fund buying is way down
Sorry bud :]
Anyone in the industry can tell you hedge fund buying is way down
Sorry bud :]
11-19-2023, 01:01 PM
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#71
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Originally Posted By Anachron⏩
WhatI think this is what he meant by "stress", getting bodied by people who actually know what they are talking about, to the point where he was forced to "ignore".

11-19-2023, 01:03 PM
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#72
11-19-2023, 01:05 PM
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#73
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Originally Posted By bsrkoacar2⏩
I mean it certainly changes the common complaints like the ones made ITTDoes that change their long term plan? I don't think so
Getting mad at Blackrock for “buying up all the houses” when they clearly are not
In fact, their investment into companies that are BUILDING single family houses is actually helping alleviate the issue by providing desperately needed housing supply
11-19-2023, 01:06 PM
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#74
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Originally Posted By Zere0wn⏩
My father bought a house in 2003 for $168k, that house sold in 2021 for $489k. We lived in that house, he rented part of that house, he retired off that one house. Had he put up the $6k he had to buy that house with in index funds, he would still be working his $12/h job.yes, 2008 was a massive housing crash, home values went way down. google it for a quick easy chart.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
11-19-2023, 01:11 PM
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#75
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Originally Posted By Godfrd824⏩
Based fatherMy father bought a house in 2003 for $168k, that house sold in 2021 for $489k. We lived in that house, he rented part of that house, he retired off that one house. Had he put up the $6k he had to buy that house with in index funds, he would still be working his $12/h job.
Can’t believe he didn’t just rent and invest the difference smh
11-19-2023, 01:14 PM
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#76
We had a “mini recession” not too long ago. The only reason why we haven’t seen a definite crash yet is because the Fed is continuing to push it off as long as possible. The crash is inevitable, and the longer the Fed pushes it off, the bigger it will be.
You have to understand first that the “business cycle”, or boom-burst, is created by government interference. Most mainstream economists won’t tell you this, because most of them are socialists who don’t want you to be convinced that the government should stop trying to manipulate the economy. Socialism is central planning, and the Federal Reserve is in the business of central planning.
The rates follow the consumer, the consumer doesn’t follow the rates. The fed is literally backwards from how the economy naturally works. So now they are going to have to lower interest rates, probably by the beginning of 2024, and that’s when we will see the crash.
This could be planned though. Most people don’t understand economics, including the mainstream economists. If a republican gets elected, you can bet your arse that the economy will crash, and they will blame the republican president or congress.
A simple way to see if house buying is worth it is to look at rentals. If rent is lower than a mortgage, don’t buy. If a mortgage is similar or lower than renting, buy. Currently rent is lower, although it is going up because people are resorting to renting. This is one of the reasons they will have to lower interest rates.
You have to understand first that the “business cycle”, or boom-burst, is created by government interference. Most mainstream economists won’t tell you this, because most of them are socialists who don’t want you to be convinced that the government should stop trying to manipulate the economy. Socialism is central planning, and the Federal Reserve is in the business of central planning.
The rates follow the consumer, the consumer doesn’t follow the rates. The fed is literally backwards from how the economy naturally works. So now they are going to have to lower interest rates, probably by the beginning of 2024, and that’s when we will see the crash.
This could be planned though. Most people don’t understand economics, including the mainstream economists. If a republican gets elected, you can bet your arse that the economy will crash, and they will blame the republican president or congress.
A simple way to see if house buying is worth it is to look at rentals. If rent is lower than a mortgage, don’t buy. If a mortgage is similar or lower than renting, buy. Currently rent is lower, although it is going up because people are resorting to renting. This is one of the reasons they will have to lower interest rates.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
11-19-2023, 01:18 PM
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#77
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Originally Posted By Kraken⏩
I agree with your entire post, other than when rates will drop.We had a “mini recession” not too long ago. The only reason why we haven’t seen a definite crash yet is because the Fed is continuing to push it off as long as possible. The crash is inevitable, and the longer the Fed pushes it off, the bigger it will be.
You have to understand first that the “business cycle”, or boom-burst, is created by government interference. Most mainstream economists won’t tell you this, because most of them are socialists who don’t want you to be convinced that the government should stop trying to manipulate the economy. Socialism is central planning, and the Federal Reserve is in the business of central planning.
Rates need to be low when people are Saving, and high when they are spending. The Fed is currently trying to get people to save while rates are high. It’s literally backwards from how the economy naturally works. So now they are going to have to lower interest rates, probably by the beginning of 2024, and that’s when we will see the crash.
This could be planned though. Most people don’t understand economics, including the mainstream economists. If a republican gets elected, you can bet your arse that the economy will crash, and they will blame the republican president or congress.
A simple way to see if house buying is worth it is to look at rentals. If rent is lower than a mortgage, don’t buy. If a mortgage is similar or lower than renting, buy. Currently rent is lower, although it is going up because people are resorting to renting. This is one of the reasons they will have to lower interest rates.
You have to understand first that the “business cycle”, or boom-burst, is created by government interference. Most mainstream economists won’t tell you this, because most of them are socialists who don’t want you to be convinced that the government should stop trying to manipulate the economy. Socialism is central planning, and the Federal Reserve is in the business of central planning.
Rates need to be low when people are Saving, and high when they are spending. The Fed is currently trying to get people to save while rates are high. It’s literally backwards from how the economy naturally works. So now they are going to have to lower interest rates, probably by the beginning of 2024, and that’s when we will see the crash.
This could be planned though. Most people don’t understand economics, including the mainstream economists. If a republican gets elected, you can bet your arse that the economy will crash, and they will blame the republican president or congress.
A simple way to see if house buying is worth it is to look at rentals. If rent is lower than a mortgage, don’t buy. If a mortgage is similar or lower than renting, buy. Currently rent is lower, although it is going up because people are resorting to renting. This is one of the reasons they will have to lower interest rates.
I'm quite confident that rates will stay near current levels until at least Q3 2024, and then they're going to drop very slowly over the course of a couple years. We're in for a couple more years of mortgage rates being abobe 5%.
This is going to be a slog, and it's going to be tough to find better returns than Treasuries. That is, until things begin to break.
11-19-2023, 01:20 PM
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#78
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Don't listen to that boomer. It's about to be a buyers' market.
11-19-2023, 01:27 PM
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#79
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Originally Posted By squantcher⏩
Low supplyDon't listen to that boomer. It's about to be a buyers' market.
Rates about to go down
Yes, the signs are pointing to a buyers market for sure!!
11-19-2023, 01:29 PM
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#80
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Originally Posted By BigDeeps01⏩
Mortgage rates aren't going down in a meaningful way for 18 months. By then the housing market will be much lower than it is now.Low supply
Rates about to go down
Yes, the signs are pointing to a buyers market for sure!!
Rates about to go down
Yes, the signs are pointing to a buyers market for sure!!
11-19-2023, 01:34 PM
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#81
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Originally Posted By OliverHeldens⏩
I disagree, I think we will see the first dip early next yearMortgage rates aren't going down in a meaningful way for 18 months. By then the housing market will be much lower than it is now.
And the market is already holding right now with the rates as high as they are. Any small dip will lead to a slow increase
If what you’re saying is correct we would be seeing the market plummeting again right now. It isn’t
11-19-2023, 01:42 PM
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#82
Originally Posted By OliverHeldens⏩
The Fed is in big trouble right now. As I mentioned in another thread, the current Fed Chairman, Powell, said that his policies won’t be determined by fiscal policy. That critical error has already been realized; The deficit is so big, and the rates so high, that the government is at a very high risk of default. The interest payments on the deficit is currently higher than total military spending. They recently tried to auction off the debt and it failed miserably. The US is stuck with the interest payments at high interest rates and it’s about to break the entire system. The failure to consider fiscal policy and the deficit created these high interest payments, which I think are at or close to $1 Trillion.I agree with your entire post, other than when rates will drop.
I'm quite confident that rates will stay near current levels until at least Q3 2024, and then they're going to drop very slowly over the course of a couple years. We're in for a couple more years of mortgage rates being abobe 5%.
I'm quite confident that rates will stay near current levels until at least Q3 2024, and then they're going to drop very slowly over the course of a couple years. We're in for a couple more years of mortgage rates being abobe 5%.
This is why I think the Fed will lower interest rates. The government over spent, over printed, and when it pushed interest rates up, it made the payments HUGE. It allowed the Fed to overspend and made a critical error balancing all of these things. If rates don’t come down soon, the Fed will default and possibly even collapse. It will be a huge “correction” for all of the bad decisions by the congress, president, and reserve.
We could possibly be headed for a depression, honestly. With the interest rates being so low for too long, massive overspending and debt…the correction is going to be nothing our generations have seen before. Bringing down the interest rates will, unfortunately, be the fix just so the Fed can pay it’s debts.
The final comment I’ll make is that it’s extremely frustrating that basic economics isn’t taught, because the average voter has lost any consideration of the federal debt at the polls. They think that the deficit is just some irrelevant number, and their lack of education is going to be our downfall.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
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11-19-2023, 01:43 PM
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#83
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Originally Posted By BigDeeps01⏩
Rates actually did drop in a somewhat meaningful way during the last couple weeks. They went from 8.5% to about 7.5%. The Federal Reserve has a long way to go before returning inflation to the 2% target though. Employment markets are just beginning to show their first signs of stress righth now, and inflation will not really be under control until many more people lose their jobs.I disagree, I think we will see the first dip early next year
And the market is already holding right now with the rates as high as they are. Any small dip will lead to a slow increase
If what you’re saying is correct we would be seeing the market plummeting again right now. It isn’t
And the market is already holding right now with the rates as high as they are. Any small dip will lead to a slow increase
If what you’re saying is correct we would be seeing the market plummeting again right now. It isn’t
11-19-2023, 01:46 PM
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#84
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Originally Posted By OliverHeldens⏩
That may be true but none of what you just said equals the housing market plummeting next year. It’s going to hold, if not slightly go back upRates actually did drop in a somewhat meaningful way during the last couple weeks. They went from 8.5% to about 7.5%. The Federal Reserve has a long way to go before returning inflation to the 2% target though. Employment markets are just beginning to show their first signs of stress righth now, and inflation will not really be under control until many more people lose their jobs.
People who are in a good position to buy and who want to buy should looking for deals now. Sellers are giving concessions towards rate buy down and are also willing to do a lot more in repairs than they’ll be willing to do once the market picks up again next year
11-19-2023, 01:49 PM
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#85
Originally Posted By OliverHeldens⏩
I don’t think the Fed has any intentions of lowering inflation to the normal 2% anymore. The fed has realized that raising inflation for revenue is easier than raising taxes, and this is the new tactic. Most folks don’t understand that inflation is taxation without representation, and with multiple wars to fight, they don’t want the cash flow to stop.Rates actually did drop in a somewhat meaningful way during the last couple weeks. They went from 8.5% to about 7.5%. The Federal Reserve has a long way to go before returning inflation to the 2% target though. Employment markets are just beginning to show their first signs of stress righth now, and inflation will not really be under control until many more people lose their jobs.
Mises and Rothbard both wrote extensively on this subject. That governments would try to inflate the currency as a “tax alternative” to fund wars. Looks like they nailed it. That’s exactly what the Biden regime is doing.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
11-19-2023, 01:50 PM
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#86
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Originally Posted By Kraken⏩
Powell said that because he knows he has no control over Congress. The best he can do is react to the situations he's given.The Fed is in big trouble right now. As I mentioned in another thread, the current Fed Chairman, Powell, said that his policies won’t be determined by fiscal policy. That critical error has already been realized; The deficit is so big, and the rates so high, that the government is at a very high risk of default. The interest payments on the deficit is currently higher than total military spending. They recently tried to auction off the debt and it failed miserably. The US is stuck with the interest payments at high interest rates and it’s about to break the entire system. The failure to consider fiscal policy and the deficit created these high interest payments, which I think are at or close to $1 Trillion.
This is why I think the Fed will lower interest rates. The government over spent, over printed, and when it pushed interest rates up, it made the payments HUGE. It allowed the Fed to overspend and made a critical error balancing all of these things. If rates don’t come down soon, the Fed will default and possibly even collapse. It will be a huge “correction” for all of the bad decisions by the congress, president, and reserve.
We could possibly be headed for a depression, honestly. With the interest rates being so low for too long, massive overspending and debt…the correction is going to be nothing our generations have seen before. Bringing down the interest rates will, unfortunately, be the fix just so the Fed can pay it’s debts.
The final comment I’ll make is that it’s extremely frustrating that basic economics isn’t taught, because the average voter has lost any consideration of the federal debt at the polls. They think that the deficit is just some irrelevant number, and their lack of education is going to be our downfall.
This is why I think the Fed will lower interest rates. The government over spent, over printed, and when it pushed interest rates up, it made the payments HUGE. It allowed the Fed to overspend and made a critical error balancing all of these things. If rates don’t come down soon, the Fed will default and possibly even collapse. It will be a huge “correction” for all of the bad decisions by the congress, president, and reserve.
We could possibly be headed for a depression, honestly. With the interest rates being so low for too long, massive overspending and debt…the correction is going to be nothing our generations have seen before. Bringing down the interest rates will, unfortunately, be the fix just so the Fed can pay it’s debts.
The final comment I’ll make is that it’s extremely frustrating that basic economics isn’t taught, because the average voter has lost any consideration of the federal debt at the polls. They think that the deficit is just some irrelevant number, and their lack of education is going to be our downfall.
My guess is that Congress will finally pass a big deficit reduction bill during Q1 2024, and this is when both stocks and housing will begin to steadily lose value in a significant way. But this still doesn't mean rates are going below 6% anytime soon. After the elections obviously political pressure could force a change, but that's still 14 months before a potential new president could be in place.
11-19-2023, 01:50 PM
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#87
Originally Posted By BigDeeps01⏩
Can you explain how you know now is a good time to buy? Because my research concludes the opposite.People who are in a good position to buy and who want to buy should looking for deals now.
One party system; Most Republicans are Democrats, but no Democrats are Republicans.
Hayek and Mises were right; they're all socialists.
"To Call something fair or unfair is a subjective value judgment and not liable to any verification" Ludwig Von Mises
11-19-2023, 01:51 PM
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#88
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Originally Posted By Kraken⏩
My issue is why doesn't anyone do something about it? It's obvious to anyone who is paying attention. Where are the regulators that step in and say wealth is shifting by coercion?I don’t think the Fed has any intentions of lowering inflation to the normal 2% anymore. The fed has realized that raising inflation for revenue is easier than raising taxes, and this is the new tactic. Most folks don’t understand that inflation is taxation without representation, and with multiple wars to fight, they don’t want the cash flow to stop.
Mises and Rothbard both wrote extensively on this subject. That governments would try to inflate the currency as a “tax alternative” to fund wars. Looks like they nailed it. That’s exactly what the Biden regime is doing.
Mises and Rothbard both wrote extensively on this subject. That governments would try to inflate the currency as a “tax alternative” to fund wars. Looks like they nailed it. That’s exactly what the Biden regime is doing.
Boycott foodservice industry crew
11-19-2023, 01:53 PM
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#89
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Originally Posted By Kraken⏩
I don't think they'll lower it to 2% necessarily, but they clearly are going to keep policy restrictive until a point where they're no longer worried about inflation flare ups. We are far from this point still. Poor people no longer have excess savings, but wealthy people are still flush with cash, and a lot more will need to be siphoned out.I don’t think the Fed has any intentions of lowering inflation to the normal 2% anymore. The fed has realized that raising inflation for revenue is easier than raising taxes, and this is the new tactic. Most folks don’t understand that inflation is taxation without representation, and with multiple wars to fight, they don’t want the cash flow to stop.
Mises and Rothbard both wrote extensively on this subject. That governments would try to inflate the currency as a “tax alternative” to fund wars. Looks like they nailed it. That’s exactly what the Biden regime is doing.
Mises and Rothbard both wrote extensively on this subject. That governments would try to inflate the currency as a “tax alternative” to fund wars. Looks like they nailed it. That’s exactly what the Biden regime is doing.
11-19-2023, 01:56 PM
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#90
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Originally Posted By Kraken⏩
SureCan you explain how you know now is a good time to buy? Because my research concludes the opposite.
Rates will go down next year
Many buyers that are sitting on the sidelines will bite the bullet and buy
Housing supply is still low
Prices will be steady until rates start to come down, and will then creep back up
As I’ve already said, buyers now can take advantage of sellers giving concessions as well as being more willing to do repairs
Next year, when I believe the market will pick up, sellers will be less willing to do this because there will be more available buyers
I’m a broker and I see hundreds of transactions a year
I’m very surprised how prices have still held even with rates as high as they are, but they have. It highlights how bad the supply issue really is
Right now I’ve been able to find and get others incredible deals that will not be available as often next year
Hope that helps!
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