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Started By
Message
re: Average interest rate on 30 year mortgage rises to 7.59%, highest since December 2000
Posted on 9/21/23 at 10:14 pm to tiggerthetooth
Posted on 9/21/23 at 10:14 pm to tiggerthetooth
The Saudis like money and they’ll do whatever they want regardless of president. Some of you lose credibility when you try and pin literally everything on Biden.
Saudi specifically cut production in 3 out of 4 years of Trump’s presidency.
Saudi specifically cut production in 3 out of 4 years of Trump’s presidency.
0
Posted on 9/21/23 at 10:19 pm to tiggerthetooth
quote:
How long does it take to charge those rates and what locations are those? Nyc?
I’m in Texas. These motherfrickers are raping people. Standard rate is $250/hr. Any gas line work and it is $400. They’re probably paying the helper/apprentice like $25-30.
I hired a 25 year old electrician to do a major job recently. Guy took over his fathers business after 5 years of training under him. Journeyman. $175/hr for him and his helper.
Posted on 9/21/23 at 10:23 pm to stout
Commercial is gonna be the real monster
Dont think residential values will implode like 08
We are on pace for another 7% apprecation. Any drop in rates and that will go up again
Dont think residential values will implode like 08
We are on pace for another 7% apprecation. Any drop in rates and that will go up again
Posted on 9/21/23 at 10:29 pm to Drop4Loss
quote:
Of these pendings, avg price is $340,000 so many of these are first timers, getting a mortgage
Who the hell is paying $340,000 for a starter home in Baton Rouge?
This post was edited on 9/21/23 at 10:30 pm
Posted on 9/21/23 at 10:29 pm to stout
Posted on 9/21/23 at 10:33 pm to slackster
quote:
OPEC cutting production multiple times is not exactly at the feet of Biden, for example.
The US president swings the biggest stick in the world. Biden and his merry band of fools are the most incompetent admin I’ve ever seen, specifically with foreign policy and relations. It’s a joke.
Posted on 9/21/23 at 10:36 pm to Yaboylsu63
They aren't buying homes.
Mines been on market in a highly desirable BR upper middle class neighborhood for 5 months. No offers. And I'm listed around 150k under appraised value from a year ago.
Mines been on market in a highly desirable BR upper middle class neighborhood for 5 months. No offers. And I'm listed around 150k under appraised value from a year ago.
Posted on 9/21/23 at 10:40 pm to topdollarbill
quote:
Mines been on market in a highly desirable BR upper middle class neighborhood for 5 months. No offers. And I'm listed around 150k under appraised value from a year ago.
Posted on 9/21/23 at 10:41 pm to topdollarbill
quote:
Mines been on market in a highly desirable BR upper middle class neighborhood for 5 months. No offers. And I'm listed around 150k under appraised value from a year ago.
That doesn't add up, honestly, even with using whatever current interest rate you want to cite. Or President. Or job market.
Not one offer? 150K under?
Posted on 9/21/23 at 10:53 pm to stout
Look at how different he looks since the beginning of his presidency.
Posted on 9/21/23 at 11:33 pm to slackster
quote:
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.
I deal you a down card and a 10 face up.
You say hit me.
So I give you another card. It is a 7.
I'm ready to move to the next player but you say Hit Me again.
You have Blackjack Bust mentality like a 3rd grader, chasing 21.
Posted on 9/21/23 at 11:50 pm to Screamin Jay
quote:
..but God damn it...the weak-minded, liberal shite stains don't have to be offended by mean tweets.
Would be funny if you really think Pedo Joe really got 81 million votes.
Posted on 9/22/23 at 4:54 am to stout
Still lower than when I first purchased my house in the early 90's. Although not by much. It was 8% at the time.
This post was edited on 9/22/23 at 5:08 am
Posted on 9/22/23 at 5:20 am to crash1211
Interest rates were as low as they ever were three years ago. Interest rates were steadily 5-6% the last 20 years or so. Sub 4% is the exception, not the rule.
I don’t know why people blame politicians for every slight they can conceive.
The housing market exploded when rates dropped to historic lows. Rates go up and the market slows because of demand and price. They will start dropping rates in a few years once they feel inflation is under control. Rates will go back down to 5-6%. Life goes on.
Posted on 9/22/23 at 5:27 am to SlowFlowPro
quote:exactly, he's just as much to blame.
Yes, the trillions printed by the Trump admin have had no effects on this inflation
Posted on 9/22/23 at 5:37 am to Heinrich H
quote:
Heinrich H
What a username
Posted on 9/22/23 at 5:47 am to stout
We built our first house in 2000 and I think our original interest rate was about 6.75%.
Posted on 9/22/23 at 6:00 am to crash1211
quote:
Still lower than when I first purchased my house in the early 90's. Although not by much. It was 8% at the time.
This argument is funny because what exactly was the price of the house you were purchasing? I get how younger people get angry at this statement. Oh back in the 80's and 90's my rate was at 10% but you also got to purchase a 2000 sq ft home for between 80k to 180k on avg. Today the rate is close to 8% on that 2000 sq ft house that will cost you between 300k to 400k.
Cost of living was cheaper back then and paychecks were smaller but you add in the cost of college degree was also affordable compared to today .These days everything is much more expensive Cars, college, houses etc... People in their 20's and early 30's that don't have rich parents are having it pretty tough these days trying to own a decent home. Boomers have truly screwed them so i get their anger.
Posted on 9/22/23 at 6:06 am to kywildcatfanone
quote:
We built our first house in 2000 and I think our original interest rate was about 6.75%.
Ours was around there too. Granted you probably couldn't buy a double wide now for what we paid for it
Posted on 9/22/23 at 6:08 am to fallguy_1978
So does anyone here think that the 2021-level rates were ever sustainable?
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