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1
clambo
2022 Jun 16, 7:53am
How does raising interest rates make “mortgage rates low again”?
Is he going to pick up a hammer and start building houses for all of the illegals now?
Is he going to pick up a hammer and start building houses for all of the illegals now?
2
Hircus
2022 Jun 16, 8:19am
Hircus
2022 Jun 16, 8:19am
He also mentioned he thinks we may see some places where prices come down, and also some where prices keep going up due to a tight market being more influential than the rising rates. To me it kinda sounds like he may want to bring prices down (i.e. "reset") but may settle for just making prices go sideways.
Not good news for those looking for appreciation, but it does sound good for the next generation.
clambo says
My guess:
suppress economy via high rates > rob middle class wealth via inflation = reduced housing demand > then lower rates now that demand is low.
I'm conveniently ignoring all the new illegals that now need housing tho lol.
Not good news for those looking for appreciation, but it does sound good for the next generation.
clambo says
How does raising interest rates make “mortgage rates low again”?
My guess:
suppress economy via high rates > rob middle class wealth via inflation = reduced housing demand > then lower rates now that demand is low.
I'm conveniently ignoring all the new illegals that now need housing tho lol.
3
Tenpoundbass
2022 Jun 16, 8:36am
Tenpoundbass
2022 Jun 16, 8:36am
America is missing about 10 new boomtowns that should have happened over the last 20 years. But rather than actually growing and expanding. Our domestic economic policy has been for cities to condense and squeeze a 500% over priced market out of existing inventory. As a result most every major market area is built up and out to the max, and there is no inventory to be had. The median home price today would be $175K had they built new areas to keep up with demand.
I'm just amazed everyone keeps looking at the over built Towns and Cities and keep scratching their heads, that there isn't any more room to build, and keep trying to justify the run away RE Market. When in the US 97% of the total area is undeveloped.
The Democrats want the population condensed into their control centers, who here remembers Liberal Patnetters deriding me over my Snowglobe rant, and how much they despised the flyover state people for not living in an loft over a Starbucks in a crowded City?
I'm just amazed everyone keeps looking at the over built Towns and Cities and keep scratching their heads, that there isn't any more room to build, and keep trying to justify the run away RE Market. When in the US 97% of the total area is undeveloped.
The Democrats want the population condensed into their control centers, who here remembers Liberal Patnetters deriding me over my Snowglobe rant, and how much they despised the flyover state people for not living in an loft over a Starbucks in a crowded City?
"I'd say if you are homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset. We need to get to back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again.
This will be a process were by ideally, we do our work in a way were the housing market settles in a new place.
https://www.calculatedriskblog.com/2022/06/fed-chair-powell-homebuyers-need-bit-of.html