Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Oh the humanity!

145791012

Comments

  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,587 Founders Club
    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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???
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,322 Founders Club

    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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%.
  • HHusky
    HHusky Member Posts: 24,418

    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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???
    . . . and Bot scurried away . . .
  • HHusky
    HHusky Member Posts: 24,418
    Bob_C said:

    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,587 Founders Club
    Bob_C said:

    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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".
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,587 Founders Club
    HHusky said:

    HHusky said:

    Holy fuck. 3.7% is high, stacked atop ludicrously high. Bloody hell.

    Grab your wheelbarrows and your Deutsche marks girls! It's time to pretend we've never seen inflation before!

    Keep pretending you didn't already trumpet this as some accomplishment because you can't math.

    A declining rate guysm!
    What part of slowing inflation confuses you the most?
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,322 Founders Club

    Bob_C said:

    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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.
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,587 Founders Club
    Bob_C said:

    Bob_C said:

    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,322 Founders Club
    HHusky said:

    Bob_C said:

    HHusky said:

    HHusky said:

    HHusky said:

    Bob_C said:

    HHusky said:

    Bob_C said:

    HHusky said:

    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.

    Talk about winning and a great economy...