4% 30 Year Mortgage

[sdrealtor]

Lots of healthcare workers also. Physicians and PA’s abound! Research scientists, business owners too. Just not many defense guys

[an]

Dude, I can’t compete with all those peeps and their $$$! 2008 needs to happen again so that way everyone is miserable and has no job.

[Anonymous]

[quote=an]Dude, I can’t compete with all those peeps and their $$$! 2008 needs to happen again so that way everyone is miserable and has no job.[/quote]

Don’t worry, higher interest rates will pop the bubble just like they did in mid-2000s. Never in history has the economy been so dependent on near zero interest rates and Fed manipulating the markets (by literally printing money to purchase mortgage debt). If the Fed actually follows through on their words, it is game over. (Big If I know).

SDR doesn’t understand the mechanics of our Fed based economy, he’s too busy snooping on people’s linkedin profiles. Creepy MFer.

[gzz]

Interest rates are headed back down.

Already, real interest rates are -3% (7% inflation 4% mortgage).

Inflation is probably headed back down in a year or two. We’ll be back to 1.5-3% inflation and 2.5-3% rates.

But while inflation itself can be hard to predict, real interest rates are easier.

Rich people have more and more money they want to invest rather than purchase consumption items.

The pool of creditworthy borrowers, however, is in permanent demographic decline.

Places like Germany and Japan, where demographic decline is more advanced than the USA, have had deeply negative real rates for a long time.

[sdrealtor]

[quote=deadzone][quote=an]Dude, I can’t compete with all those peeps and their $$$! 2008 needs to happen again so that way everyone is miserable and has no job.[/quote]

Don’t worry, higher interest rates will pop the bubble just like they did in mid-2000s. Never in history has the economy been so dependent on near zero interest rates and Fed manipulating the markets (by literally printing money to purchase mortgage debt). If the Fed actually follows through on their words, it is game over. (Big If I know).

SDR doesn’t understand the mechanics of our Fed based economy, he’s too busy snooping on people’s linkedin profiles. Creepy MFer.[/quote]

You’ll still never get one here.

[an]

[quote=deadzone][quote=an]Dude, I can’t compete with all those peeps and their $$$! 2008 needs to happen again so that way everyone is miserable and has no job.[/quote]

Don’t worry, higher interest rates will pop the bubble just like they did in mid-2000s. Never in history has the economy been so dependent on near zero interest rates and Fed manipulating the markets (by literally printing money to purchase mortgage debt). If the Fed actually follows through on their words, it is game over. (Big If I know).

SDR doesn’t understand the mechanics of our Fed based economy, he’s too busy snooping on people’s linkedin profiles. Creepy MFer.[/quote]I’m not worried. I would much rather we repeat the 70s and housing goes up 5-10x and savings rate goes up to 10%.

[Anonymous]

[quote=an][quote=deadzone][quote=an]Dude, I can’t compete with all those peeps and their $$$! 2008 needs to happen again so that way everyone is miserable and has no job.[/quote]

Don’t worry, higher interest rates will pop the bubble just like they did in mid-2000s. Never in history has the economy been so dependent on near zero interest rates and Fed manipulating the markets (by literally printing money to purchase mortgage debt). If the Fed actually follows through on their words, it is game over. (Big If I know).

SDR doesn’t understand the mechanics of our Fed based economy, he’s too busy snooping on people’s linkedin profiles. Creepy MFer.[/quote]I’m not worried. I would much rather we repeat the 70s and housing goes up 5-10x and savings rate goes up to 10%.[/quote]

Man what’s your fascination with the 70s dude? That level of inflation would decimate the finances of the majority of the population.

[sdrealtor]

As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle

[Anonymous]

[quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]

Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win

[Anonymous]

Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.

[sdrealtor]

[quote=deadzone][quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]

Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win[/quote]

Uhhhh…..no and you are cheering for full on crash. Hypocrite

[sdrealtor]

[quote=deadzone]Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.[/quote]

Uhhhh….no. Having coffee with lender friend 30 years experience over 10,000 loans. He’s at 4.25% no points right now. But he’s doing 10/1’s now anyway

[Anonymous]

[quote=sdrealtor][quote=deadzone][quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]

Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win[/quote]

Uhhhh…..no and you are cheering for full on crash. Hypocrite[/quote]

What’s a full on crash in your book? Yes lower prices in general are better for everyone except the investor class. What are you cheering for?
You are obviously a fan boy for the expansion of the wealth divide. Basically an elitist prick who masquerades as a liberal democrat.

[Anonymous]

[quote=sdrealtor][quote=deadzone]Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.[/quote]

Uhhhh….no. Having coffee with lender friend 30 years experience over 10,000 loans. He’s at 4.25% no points right now. But he’s doing 10/1’s now anyway[/quote]

I call BS on that. You and your imaginary friends.

[sdrealtor]

[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]

Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win[/quote]

Uhhhh…..no and you are cheering for full on crash. Hypocrite[/quote]

What’s a full on crash in your book? Yes lower prices in general are better for everyone except the investor class. What are you cheering for?
You are obviously a fan boy for the expansion of the wealth divide. Basically an elitist prick who masquerades as a liberal democrat.[/quote]

Now that’s funny! I would love lower prices and more affordability in my hood. Love seeing young happy positive families move in around me. I’m not cheering for anything. I just deliver reports on what I see with a side of misery for you lol

[Author]

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