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re: Will the anticipated 3 rate cuts jump-start residential home sales this year?
Posted on 3/22/24 at 12:56 pm to tenderfoot tigah
Posted on 3/22/24 at 12:56 pm to tenderfoot tigah
Rates need to go up. Bleed out the excess of the last 15 years when the ridiculous zero percent interest rates were allowed to occur. Prices adjust accordingly, and if people have too much leverage that has to be worked out of the system. The Fed cannot continue penalizing savers and encouraging endless exponential increases in debt. Inflation is the ultimate silent tax and that's clearly going to be the choice from the government as a tool to monetize debt instead of right sizing spending.
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