Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
Combined with prices that are still at 2.5% levels because no one is willing to sell and trade into a 7.5% mortgage, it's a huge problem.
you'll never run short of economic problems
some of us never pretended that any economic condition is permanent or that who's in the White House has a lot to do with it
I thought you WANTED to take credit for this? Why the back peddle?
Happy infrastructure week!
Are you stupid or something? (Rhetorical)
politicians take credit for stuff
not a dime's worth of difference between the parties on this
I love that since you failed at saying this was a good thing now here's the pivot. "Inflation isn't anyone's fault!"
C'mon H, isn't the current inflation rate a GOOD THING??? Please do go on with that line.
I gave Biden credit for falling inflation?
link?*
*also rhetorical
But the inflation rate is so good right now!
Why wouldn't you want him to take credit???
We just need 9% mortgage rates now to get inflation to 2%.
Ftr I don't really disagree with what the fed is doing re: rates. They are doing the responsible thing that the "modern monetary theory" party forced them into doing.
Largest regressive transfer of wealth in history brought to you by the party seeking "equity".
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
Combined with prices that are still at 2.5% levels because no one is willing to sell and trade into a 7.5% mortgage, it's a huge problem.
you'll never run short of economic problems
some of us never pretended that any economic condition is permanent or that who's in the White House has a lot to do with it
I thought you WANTED to take credit for this? Why the back peddle?
Happy infrastructure week!
Are you stupid or something? (Rhetorical)
politicians take credit for stuff
not a dime's worth of difference between the parties on this
I love that since you failed at saying this was a good thing now here's the pivot. "Inflation isn't anyone's fault!"
C'mon H, isn't the current inflation rate a GOOD THING??? Please do go on with that line.
I gave Biden credit for falling inflation?
link?*
*also rhetorical
But the inflation rate is so good right now!
Why wouldn't you want him to take credit???
We just need 9% mortgage rates now to get inflation to 2%.
Ftr I don't really disagree with what the fed is doing re: rates. They are doing the responsible thing that the "modern monetary theory" party forced them into doing.
Largest regressive transfer of wealth in history brought to you by the party seeking "equity".
Agreed, it's their only fix. But don't forget that they all pretended that inflation was transitory for like 8 months, so they started doing it too late. Which leaves some residual permanent price increase that wouldn't be there had they admitted to it all sooner.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
Combined with prices that are still at 2.5% levels because no one is willing to sell and trade into a 7.5% mortgage, it's a huge problem.
you'll never run short of economic problems
some of us never pretended that any economic condition is permanent or that who's in the White House has a lot to do with it
I thought you WANTED to take credit for this? Why the back peddle?
Happy infrastructure week!
Are you stupid or something? (Rhetorical)
politicians take credit for stuff
not a dime's worth of difference between the parties on this
I love that since you failed at saying this was a good thing now here's the pivot. "Inflation isn't anyone's fault!"
C'mon H, isn't the current inflation rate a GOOD THING??? Please do go on with that line.
I gave Biden credit for falling inflation?
link?*
*also rhetorical
But the inflation rate is so good right now!
Why wouldn't you want him to take credit???
We just need 9% mortgage rates now to get inflation to 2%.
Ftr I don't really disagree with what the fed is doing re: rates. They are doing the responsible thing that the "modern monetary theory" party forced them into doing.
Largest regressive transfer of wealth in history brought to you by the party seeking "equity".
Agreed, it's their only fix. But don't forget that they all pretended that inflation was transitory for like 8 months, so they started doing it too late. Which leaves some residual permanent price increase that wouldn't be there had they admitted to it all sooner.
All good points and yeah, they have their own share of guilt.
Remember that they had factions that wanted to continue pretending it was transitory though as well.
Hopefully MMT and the neo-keynesians can be put back into the woodshed for at least another decade after this.
I wonder what they will do in the coming recession. No way is this going to be a soft landing with so many price distortions in the market.
We are going to run a $2 trillion deficit without a recession in what the dems describe as a great economy. Dem solution is another trillion of student debt relief and millions of more illegals to put on welfare.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
Combined with prices that are still at 2.5% levels because no one is willing to sell and trade into a 7.5% mortgage, it's a huge problem.
you'll never run short of economic problems
some of us never pretended that any economic condition is permanent or that who's in the White House has a lot to do with it
I thought you WANTED to take credit for this? Why the back peddle?
Happy infrastructure week!
Are you stupid or something? (Rhetorical)
politicians take credit for stuff
not a dime's worth of difference between the parties on this
I love that since you failed at saying this was a good thing now here's the pivot. "Inflation isn't anyone's fault!"
C'mon H, isn't the current inflation rate a GOOD THING??? Please do go on with that line.
I gave Biden credit for falling inflation?
link?*
*also rhetorical
But the inflation rate is so good right now!
Why wouldn't you want him to take credit???
We just need 9% mortgage rates now to get inflation to 2%.
you girls should get a room
We have an admitted to 17.5% cumulative inflation effect since Jan 2021. Median home prices are now about $400k, vs $300k in Jan 2021. So to buy that same $300k house today, your monthly payment would need to more than double with the higher rates.
Comments
Why wouldn't you want him to take credit???
Largest regressive transfer of wealth in history brought to you by the party seeking "equity".
Remember that they had factions that wanted to continue pretending it was transitory though as well.
Hopefully MMT and the neo-keynesians can be put back into the woodshed for at least another decade after this.
I wonder what they will do in the coming recession. No way is this going to be a soft landing with so many price distortions in the market.
Talk about winning and a great economy...
If there is it's transitory
Inflation is good for Americans
It's not Biden's fault
From the party that called the Trump economy the worst since the depression before covid
imagine my surprise
Can't read?
Again: From the party that called the Trump economy the worst since the depression before covid
I'm right and you know it. Your deflections are a tell
Back on point
The Biden economy sucks. Worst since Carter even with the post covid employment bump as people who lost jobs went back to work