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cr
ParticipantThe FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
cr
ParticipantThe FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
cr
ParticipantThe FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
cr
ParticipantThe FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
cr
ParticipantPadreBrian – That’s funny.
CMcG – Your persective is the right one. Unless you’re planning to sell your home and become rich rich rich! who cares (within reason) what the value does. As long as you can afford it, so what?
I’ll have to check out the people threatening to sue, though I’m sure Zillow is protected from that.
My guess is their Algorithm now reflects sales in the area below Zestimates. Someone on hear a while back commented that when a house sold for more then theirs the value would go up, but if a house sold for less it wouldn’t. If that changed it would certainly be the dose of reality people have ignored in this housing crash.
cr
ParticipantPadreBrian – That’s funny.
CMcG – Your persective is the right one. Unless you’re planning to sell your home and become rich rich rich! who cares (within reason) what the value does. As long as you can afford it, so what?
I’ll have to check out the people threatening to sue, though I’m sure Zillow is protected from that.
My guess is their Algorithm now reflects sales in the area below Zestimates. Someone on hear a while back commented that when a house sold for more then theirs the value would go up, but if a house sold for less it wouldn’t. If that changed it would certainly be the dose of reality people have ignored in this housing crash.
cr
ParticipantPadreBrian – That’s funny.
CMcG – Your persective is the right one. Unless you’re planning to sell your home and become rich rich rich! who cares (within reason) what the value does. As long as you can afford it, so what?
I’ll have to check out the people threatening to sue, though I’m sure Zillow is protected from that.
My guess is their Algorithm now reflects sales in the area below Zestimates. Someone on hear a while back commented that when a house sold for more then theirs the value would go up, but if a house sold for less it wouldn’t. If that changed it would certainly be the dose of reality people have ignored in this housing crash.
cr
ParticipantPadreBrian – That’s funny.
CMcG – Your persective is the right one. Unless you’re planning to sell your home and become rich rich rich! who cares (within reason) what the value does. As long as you can afford it, so what?
I’ll have to check out the people threatening to sue, though I’m sure Zillow is protected from that.
My guess is their Algorithm now reflects sales in the area below Zestimates. Someone on hear a while back commented that when a house sold for more then theirs the value would go up, but if a house sold for less it wouldn’t. If that changed it would certainly be the dose of reality people have ignored in this housing crash.
cr
ParticipantPadreBrian – That’s funny.
CMcG – Your persective is the right one. Unless you’re planning to sell your home and become rich rich rich! who cares (within reason) what the value does. As long as you can afford it, so what?
I’ll have to check out the people threatening to sue, though I’m sure Zillow is protected from that.
My guess is their Algorithm now reflects sales in the area below Zestimates. Someone on hear a while back commented that when a house sold for more then theirs the value would go up, but if a house sold for less it wouldn’t. If that changed it would certainly be the dose of reality people have ignored in this housing crash.
cr
ParticipantAgreed dots. As news continues and worsens, people will be less likely to buy, inventories build, values drop.
As government, lenders, and potential buyers overreact to the dilemma it will deepen the correction.
I plan to buy when I know tells me it’s a bad idea. I think there are still some people who think a house will make you rich.
cr
ParticipantAgreed dots. As news continues and worsens, people will be less likely to buy, inventories build, values drop.
As government, lenders, and potential buyers overreact to the dilemma it will deepen the correction.
I plan to buy when I know tells me it’s a bad idea. I think there are still some people who think a house will make you rich.
cr
ParticipantAgreed dots. As news continues and worsens, people will be less likely to buy, inventories build, values drop.
As government, lenders, and potential buyers overreact to the dilemma it will deepen the correction.
I plan to buy when I know tells me it’s a bad idea. I think there are still some people who think a house will make you rich.
cr
ParticipantAgreed dots. As news continues and worsens, people will be less likely to buy, inventories build, values drop.
As government, lenders, and potential buyers overreact to the dilemma it will deepen the correction.
I plan to buy when I know tells me it’s a bad idea. I think there are still some people who think a house will make you rich.
cr
ParticipantAgreed dots. As news continues and worsens, people will be less likely to buy, inventories build, values drop.
As government, lenders, and potential buyers overreact to the dilemma it will deepen the correction.
I plan to buy when I know tells me it’s a bad idea. I think there are still some people who think a house will make you rich.
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