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spdrun
ParticipantProblem is that a bunch of authoritarians running the show for at least two years has the potential to do a lot of damage. Other problem is that Trump has proven to be an authoritarian — he’ll likely intervene in ways that reduce civil liberties in the US.
OK, OK, there might be national concealed carry, but I consider 2A to be a very small part of personal liberty.
ParticipantInflation-adjusted values were basically flat through the 60s. Also, “suburban flight” through the 60s and 70s was a big deal. Median may have gone up, but there were plenty of opportunities, like apartment buildings in NYC that couldn’t practically be given away.
Remember that NYC was basically bankrupt through the late 70s.
ParticipantNo, I’m saying that there were factors at the beginning of the decade that depressed housing prices that were fading away by the end.
ParticipantWhat late 70s rates will do to housing won’t be pretty. Core inflation doesn’t predict what housing will do.
Housing went up in the 70s, but only in context. Late 60s, early 70s = riots, malaise, and war, which had a depressing effect on prices.
Be careful of what you wish for.
ParticipantYou mean you want 10%+ interest rates on 30-year mortgages? LOL.
Remember that housing prices aren’t included in core inflation.
ParticipantNote that marrying well doesn’t mean marrying someone who you think might please your family. Ignore race and class, go with someone who you love, are compatible with, and is a decent human being.
ParticipantAlso, Yellen might hate the Orange Haired Gorilla enough to torpedo him. Here’s to another quarter percent hike next week 🙂
Economy historically has done better under D than R, though causation is unclear…
ParticipantGood times have rolled since 2009 or so. Rates have nowhere to go but up :))))))
ParticipantI’m saying I hope to ride the natural economic cycle (which tends to reset every 8-10 years). But if Trump turns this country into a literal police state, I’m out.
ParticipantIf mass deportations and arrests start happening, this won’t be the sort of country I wish to live in. I stand by what I said.
I would take advantage of a natural economic cycle. Profiting from arrests and deportation is a bit too close to Nazi gold to me.
ParticipantRecessions happen every few years. We’re getting overdue for one.
Goal during the next one is to purchase enough rental housing so I can bow out of the race for the rest of my life and do whatever the hell I want to.
Fifty-sixty grand a year or so, adjusted for inflation, should allow me to rock back on my heels and enjoy life. Maybe take some Federal loans and go to graduate school. Public university, which in NYC is dirt cheap.
Since I’m cheap as hell, I don’t actually need more. I have no interest in running to keep up with people whom I dislike. I have no interest in most material things other than income-producing housing.
I buy computers and phones for under $200 an item. I’ve never spent more than $3000 for a car. No real hobbies other than travel, and I tend to travel like a student, on the cheap. I’m a born repairman with a third-world scrounger, scrooge mentality, and I’m proud of this.
ParticipantGood thing is that rates are going up … personally, I hope that Yellen is under orders to sabotage the Trump economy till her term expires in 2018.
10 year is at 2.47%, WOOOOHOOOOO! Should be good for 30-year rates staying above 4%. Hope we hit 5+% soon 🙂
BTW, left to their own devices, banks tend to be more conservative about lending. If the GOP succeeds in gutting FNMA/FHFA, that would be a lovely thing for housing prices. If you’re a buyer.
ParticipantThe other thought process is that, now that the dow is approaching 20,000….People “feel” more wealthy……
The last time a similar rally happened was 1999, and we know how that ended LOL. I suspect after the hopey-changey Trumpey effect wears off, the party will end. High rates and a deflating stock bubble should be fun to watch.
ParticipantHaha. Casting is great if you like display lag. Pretend you’re using a 1990s-era LCD panel where the pointer disappeared if you moved it too fast.
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