Hit the road Jack
Comments
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Nice working link as always
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Poof
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no warning, just gone
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He’s been warned but not gone.
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I wanted to believe
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I’m okay with him holding interest rates for the record. The rates aren’t what is keeping bond rates high, which is the spending.
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Anyone out there wanting to buy a home, especially a first-time home, wants those rates down
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Rates down or prices down. Prices have remained up owing to the massive shortage of supply in many parts of this country. Starting to see some drops here and there, but nothing dramatic.
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Mortgage and consumer debt is tied to bond rates, not fed rates. Just lowering Fed rates doesn’t automatically lower bond rates. Issuing less bonds issues the only way to get the rates lower over the long term.
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It will be interesting in a year or so if we clean out illegals getting public money for rent to see prices drop
You had Blackrock et al buying housing stock in the teens and the government subsidizing rent for illegals ever since
Not by accident
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Yes. There are bigger systemic things out there besides the fed rate. Rent being subsidized for 10+m people has propped up housing prices even with high interest rates. Basically the government has broken many markets and just lowering the rates isn’t going to reverse what they broke.
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Also, with the Oregon required super tight urban growth boundary there are very limited lots available to build on. West Linn, Lake Oswego, Tualatin, Tigard, Sherwood, Wilsonville are pretty much built out. Lots are expensive and the demand for a relatively safe environment for families puts home prices at a premium. When my kids were at Stafford Elementary there were two kindergarten classes of about 23 kids each. Today, one class with 18 kids.
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Rand reads this board (sometimes).
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Look at the Palace the Fed is building
That is grounds for about 100 firings
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End the fed!
It's a ponzi scheme that lines the pockets of the billionaire elites and the cabal.
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Biden that dumbfuck
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No but it sends a strong directional signal
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Potentially true. But if bond prices don’t come down too (could go either way), then banks are just gonna buy bonds with even bigger spreads instead of competing with each other for mortgages.
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They, do that, first, and then come back through with zoning changes that eliminate SF zones to create 15 minute cities and cram everyone together in urban areas.
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Then complain about the price of housing. Just like our Senator Wyden votes to mandate expensive, dirty, non-reliable solar and wind energy and associated transmission costs and then blames public utilities for the huge increase in electricity prices. Same with gas prices. Tax and regulate the shit out of it and then blame the oil companies.
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CCP party members also smuggling money out of China at increasing rates.
I think something crazy like 15% of California sales are to Chinese nationals.
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The exact same thing happens with real estate development. Forget that permits cost ten's of thousands of dollars and take many months (or years) to get. Blame the Developers.
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The owner is touring the Fed jobsite. Always a big event in construction
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I would too
