[The-Shoveler]

LOL Make sure all your parameters meet the AI’s approval parameters.

I do think it will not be too long before all these trade issues etc.. will get resolved between US and China and both will benefit greatly.

[The-Shoveler]

Mortgage rates were not over 5% in January.

So what you are saying is we need a recession, people need to lose jobs etc…?

[The-Shoveler]

I think there is a small chance the fed will walk back their aggressive rate remarks and slow down or even pause maybe.

The Markets do matter (housing and stocks).

pensions and household wealth do matter to the economy and the fed does need to pay attention.

Anyway there is one thing for sure IMO, they keep hiking rates it will crash the economy at some point (IMO we are almost there with 5% mortgages and car loans etc..)

[The-Shoveler]

Check your IM,

I would talk to a few realtors (maybe other owners) unless you don’t mind it sitting there several months.

[The-Shoveler]

Maybe your condo is not so low end, anyway I can tell you almost nothing is moving on the low end condos (under 300K).

It is almost completely a dead market.

[The-Shoveler]

Good luck.

High end in SD is for High moneyed people LOL.

They have money, the low moneyed people are a lot more on the margin.

To high moneyed people home prices are no big deal (well mostly).

[The-Shoveler]

Don’t fight the Fed is pretty basic LOL.

Mortgages rates above 5% now, the low end condo market is almost completely shut down. one more hike and I think the rest of the housing market may follow.

[The-Shoveler]

Cramer summed it up fairly well

“Don’t fight the Fed”

https://www.cnbc.com/2018/10/10/cramers-sell-off-handbook-4-things-must-happen-for-stocks-to-recover.html

[The-Shoveler]

Whatever LOL,

Anyway IMO if the FED raised Rates one more time I think we will have yet another FED induced recession.

[The-Shoveler]

If the FED announced they were going to lower rates next meeting there would be a bull run on bonds LOL.

It is just the opposite, if the market thinks the rates will be lower in the future they buy more, if higher they buy less.

[The-Shoveler]

“Higher rates might be necessary to fund our Federal deficit.”

IMO no they are not.

[The-Shoveler]

IMO one more FED rate hike and it’s all over.

[The-Shoveler]

IMO one more FED rate hike and it’s all over.

[The-Shoveler]

” If trains can be driverless, you can have one or two-car “capsules” running and stopping much more frequently than current trains.”

That’s a good example, I was thinking more along the lines of fully automated vertical takeoff/landing air craft.

[The-Shoveler]

IMO Current high speed rail Tech will be obsolete in 15 years.

But something resembling current metro Rail and Freight Rail will be in high demand.

[Author]

Posts