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re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Posted on 9/21/23 at 9:42 pm to deeprig9
Posted on 9/21/23 at 9:42 pm to deeprig9
quote:
OPEC wouldn't cut production if USA increased production to fill the gap. OPEC only does that to raise the ppb. If USA filled the gap, that extra money comes to us. This isn't Econ 8937. This is basic shite. OPEC knew they could cut production to make more money because they knew Biden wouldn't allow extra production. Some of yall are so fricking stupid it's like playing cards with my 5 year old niece.
We are producing more than ever this year
0
Posted on 9/21/23 at 9:42 pm to stout
Posted on 9/21/23 at 9:42 pm to stout
delete
This post was edited on 9/21/23 at 9:44 pm
Posted on 9/21/23 at 9:43 pm to stout
delete
This post was edited on 9/21/23 at 9:44 pm
Posted on 9/21/23 at 9:43 pm to deeprig9
quote:
OPEC wouldn't cut production if USA increased production to fill the gap. OPEC only does that to raise the ppb. If USA filled the gap, that extra money comes to us. This isn't Econ 8937. This is basic shite. OPEC knew they could cut production to make more money because they knew Biden wouldn't allow extra production. Some of yall are so fricking stupid it's like playing cards with my 5 year old niece.
You seem to be under the impression that US oil companies aren’t loving every minute of this. Being able to blame Biden for higher prices is a Goldilocks scenario for them, and I don’t blame them. They’ve gotten smarter with their capital deployment and they won’t return to drill baby drill regardless of the president. They’re slowly increasing production by the month.
This post was edited on 9/21/23 at 9:50 pm
Posted on 9/21/23 at 9:44 pm to Yaboylsu63
quote:
I genuinely have no idea how people are buying homes right now.
I did 3 months ago, it is a bitch. Problem is, I don't see how it gets better.
Posted on 9/21/23 at 9:46 pm to stout
If I had to guess they are buying into co-investments that own single family housing.
Posted on 9/21/23 at 9:48 pm to Jcorye1
quote:
If I had to guess they are buying into co-investments that own single family housing.
I could see a scenario where they’re not buying SFH at all because of the problems with scale. When you have the assets under care that they have, SFHs just don’t scale up quickly enough.
Posted on 9/21/23 at 9:53 pm to slackster
quote:
SFHs just don’t scale up quickly enough.
You would have to buy whole neighborhoods to make it feasible. Having the maintenance crews in one area makes sense in that scenario. Having maintenance crews that have to drive to different parts of town every day would be cost-prohibitive.
They admit they are still investing in multi-family probably for the very reason I mentioned. Scaling that is much more feasible.
Posted on 9/21/23 at 9:55 pm to slackster
quote:
I could see a scenario where they’re not buying SFH at all because of the problems with scale. When you have the assets under care that they have, SFHs just don’t scale up quickly enough.
I mean someone owns it and has figured it out. Just look at most of the burbs lately and one out of every 10 homes or so are rented out.
Posted on 9/21/23 at 9:56 pm to SlowFlowPro
quote:
but God damn it...the weak-minded, liberal shite stains don't have to be offended by mean tweets.
quote:Trump must be an evil genius.
Yes, the trillions printed by the Trump admin have had no effects on this inflation
He cleverly sabotaged Biden by not having the runaway inflation start until after Biden's policies started kicking in.
Posted on 9/21/23 at 9:56 pm to TDTOM
quote:
Thanks Obama
Who could have guessed that BHO’s third term could be worse than the first two??
Posted on 9/21/23 at 9:56 pm to Jcorye1
quote:
I mean someone owns it and has figured it out. Just look at most of the burbs lately and one out of every 10 homes or so are rented out
It makes sense for smaller firms. His point is when you have $9.5 trillion to manage/invest like BR does the scale becomes so lopsided that SFHs just don't fit.
This post was edited on 9/21/23 at 9:58 pm
Posted on 9/21/23 at 9:59 pm to WaydownSouth
quote:
American dream is dead unless you have rich parents
Plumbers in urban areas are charging $250-400/hr for a plumber and a helper. Electricians and carpenters making bank too. Huge labor shortages there. I’d say the dream is alive and well for those willing to grind.
The era of high rates will pass eventually.
Posted on 9/21/23 at 10:00 pm to stout
I get it, I'm assuming they are indirectly or directly investing into those smaller companies that are doing it. There's borderline zero chance they have no SFH investments.
Posted on 9/21/23 at 10:01 pm to The Third Leg
quote:
Plumbers in urban areas are charging $250-400/hr for a plumber and a helper. Electricians and carpenters making bank too. Huge labor shortages there. I’d say the dream is alive and well for those willing to grind.
The era of high rates will pass eventually.
How long does it take to charge those rates and what locations are those? Nyc?
Posted on 9/21/23 at 10:02 pm to The Third Leg
quote:
Plumbers in urban areas are charging $250-400/hr
I have told a lot of people to skip college and become a plumber in the past ten years. I wasn't joking but none of them listened. Nonunion plumbers that strike out on their own are making bank from the jump. You don't even have to wrangle turds. You could strictly be a new construction plumber and kill it.
Posted on 9/21/23 at 10:05 pm to slackster
quote:
OPEC cutting production multiple times is not exactly at the feet of Biden, for example.
No, but Biden still deserves 100% of the blame for over regulating the entire industry.
Posted on 9/21/23 at 10:08 pm to slackster
quote:
OPEC cutting production multiple times is not exactly at the feet of Biden, for example.
Actually it is considering Biden and the left does everything they can to piss off the Saudis by kowtowing to Iran. Make no mistake, the Saudis have no intention of helping the pro-Iran Valerie Jarret cabal by pumping more oil to lower prices.
This post was edited on 9/21/23 at 10:09 pm
Posted on 9/21/23 at 10:11 pm to Jcorye1
quote:
I did 3 months ago, it is a bitch. Problem is, I don't see how it gets better.
Same here. Closed at the end of March. Those sweet rates two years ago would have got us another $200k in house at my current mortgage payment. Praying in a few years we’ll see at least the 4% range again
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