Money & Economics
- Thread starter bigredfish
- Start date
Gee, another fear inducing social media post leaving the reader to guess what's really happening. Even from crappy AP, this at least provides some explanation.
European postal services suspend shipment of packages to US over tariffs
" The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule."
Trump now has a majority on the Federal Reserve Board
Don't worry,. I'm sure the next Democrat President won't abuse this precedent...
Don't worry,. I'm sure the next Democrat President won't abuse this precedent...
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As expected, home prices continue to fall, and rates havent changed.
Home prices have never been about rates, its about Price. Simple supply and demand
The hoopla created by Trump over rates is not about lowering any costs for you, its about making his wealthy buddies more money. Lower rates allows big business and banks to borrow cheaper, selling to you at the same price and making more profit.
It also allows the .Gov to sell lower interest bonds to refi debt that was sold at higher rates.
If you're like me enjoying reasonable 4-5% interest on fixed income safe investments, we're about to be pushed into the stock market (at a time when its more over-valued/dangerous than ever before) because bond yields will come down and make it un-profitable to be in bonds.
www.zerohedge.com
Home prices have never been about rates, its about Price. Simple supply and demand
The hoopla created by Trump over rates is not about lowering any costs for you, its about making his wealthy buddies more money. Lower rates allows big business and banks to borrow cheaper, selling to you at the same price and making more profit.
It also allows the .Gov to sell lower interest bonds to refi debt that was sold at higher rates.
If you're like me enjoying reasonable 4-5% interest on fixed income safe investments, we're about to be pushed into the stock market (at a time when its more over-valued/dangerous than ever before) because bond yields will come down and make it un-profitable to be in bonds.
US Home Prices Plunge For 4th Straight Month In June
US Home Prices Plunge For 4th Straight Month In June | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Every time I see a post that housing prices are dropping I go back to our old neighborhood. At the end of summer prices drop, been doing this every year for as long as I can remember. From the last time i looked I see about $5k drop on most houses that did not have any price drops when I looked prior. So, yes prices are dropping as they always do at the end of summer. All Realtors know this, summer is the hottest market for selling houses. Brokers/Realtors/Sellers panic around this time of the year.
A gradual drop in prices is not anything to panic about and is sure no way anything like in 2008. Just my opinion...But I cannot speak for the rest of the country I can only speak for the last 3 years I watched weekly our neighborhood/area since we were knowingly going to and did sell our house. I do see Zillow's estimate dropped $6k on our old house...
A gradual drop in prices is not anything to panic about and is sure no way anything like in 2008. Just my opinion...But I cannot speak for the rest of the country I can only speak for the last 3 years I watched weekly our neighborhood/area since we were knowingly going to and did sell our house. I do see Zillow's estimate dropped $6k on our old house...
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I want to challenge this as possibly untrue and/or misleading. Possibly because I don't squat about the big picture. I do know that my local area is an exception. The first red flag I see is that the headline suggests the plunge is overall nation-wide, yet the data used is from "America's 20 largest cities". I live in the country near a smaller city, which to my chagrin is growing like crazy, the home prices are skyrocketing, and they're selling like "gangbusters". The crazy growth is mostly from people moving out of the big cities. So I ask, is projecting the data from the 20 biggest cities onto a nationwide trend valid, or is it grossly misleading?US Home Prices Plunge For 4th Straight Month In June
US Home Prices Plunge For 4th Straight Month In June | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The house next to us went onto the market 3 weeks ago at what we thought was a crazy high price that nobody in their right mind would pay. It's already listed as pending.
Trump now wants to "rebrand" his big, beautiful bill... he's preparing to hide from the inevitable backlash from those suckers who will eventually realize it's all bullshit...
Trump wants to rebrand Big Beautiful Bill, urges GOP to call it a ‘massive tax cut’ for middle class
Nationwide average is trending down and has been for months. Certainly is in Florida
Certainly like the housing crisis in 2008-2009 there are and will always be pockets that buck the trend
I don’t see where Bloomberg has any benefit to lie about it, but you could ask them.
Certainly like the housing crisis in 2008-2009 there are and will always be pockets that buck the trend
I don’t see where Bloomberg has any benefit to lie about it, but you could ask them.
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LOL agree. Next time I’ll post anonymously. But housing prices generally nationwide are coming down.
I didn’t say drastically, or that the sky was falling or compare to 2008, Just down. Bloomberg seems to agree
My point was about rates
YoY prices are up nationally on avg 1.2% but June, July, Aug sees them easing down.
Its common sense. Everyone and their brother (who falsely blames it on rates) is screaming about housing. Inventory is way up. Houses are taking longer to sell. Yes its cyclical.
So what happens? prices tend to come down when there's too much availability and houses arent moving.
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The BS just keeps getting thicker.
"The Social Security relief will come in the form of a refund."
He can't help himself
“I’m not going to use the term ‘great, big, beautiful’ — that was good for getting it approved, but it’s not good for explaining to people what it’s all about,” Mr. Trump said. “It’s a massive tax cut for the middle class. It’s a massive tax cut for jobs and no tax on tips, no tax on Social Security…and no tax on overtime.”
“I’m not going to use the term ‘great, big, beautiful’ — that was good for getting it approved, but it’s not good for explaining to people what it’s all about,” Mr. Trump said. “It’s a massive tax cut for the middle class. It’s a massive tax cut for jobs and no tax on tips, no tax on Social Security…and no tax on overtime.”