Started By
Message

re: 30-year fixed-rate mortgages reach 7.15%

Posted on 11/10/22 at 8:35 am to
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29713 posts
Posted on 11/10/22 at 8:35 am to
9%-10% by end of January.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97824 posts
Posted on 11/10/22 at 8:37 am to
quote:

9%-10% by end of January.



You think mortgage rates will go up another 4% from where they are currently?
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9763 posts
Posted on 11/10/22 at 8:40 am to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11958 posts
Posted on 11/10/22 at 8:41 am to
quote:

Tomatocantender



Holy frick how did I miss this monstrosity of a failed post
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97824 posts
Posted on 11/10/22 at 8:42 am to
I dont get that meme

Must have been a lefty who made it

Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29713 posts
Posted on 11/10/22 at 8:44 am to
Absolutely will hit that level.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97824 posts
Posted on 11/10/22 at 8:45 am to
Ok
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9763 posts
Posted on 11/10/22 at 8:48 am to
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11958 posts
Posted on 11/10/22 at 8:48 am to
He works for an aggregator I’m guessing he has access to proprietary MBS models and rate sheets
Posted by beerJeep
Louisiana
Member since Nov 2016
38430 posts
Posted on 11/10/22 at 8:49 am to
quote:

Purchase volume is still in the trillions which is record highs


Okay. Who is buying the homes? Is it single families?

No? Oh. Weird. Who is it then?

Black rock? Who is that? Why would some ambiguous Company that owns trillions in assets across the globe be the single largest single-family home owner in the USA who is consistently buying new homes above market price?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97824 posts
Posted on 11/10/22 at 8:49 am to
Thats just as awful

quote:

He works for an aggregator I’m guessing he has access to proprietary MBS models and rate sheets



He probably needs to find a new job then
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97824 posts
Posted on 11/10/22 at 8:50 am to
quote:

Okay. Who is buying the homes? Is it single families?



Yes plenty of normal ppl are buying
Good grief
Posted by beerJeep
Louisiana
Member since Nov 2016
38430 posts
Posted on 11/10/22 at 8:54 am to
quote:

Yes plenty of normal ppl are buying Good grief


And plenty more firms (blackrock) buying homes at above market price to rent out.

The largest single family home owner is blackrock. It’s okay AIDStiger. Your retard is showing
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97824 posts
Posted on 11/10/22 at 8:58 am to
quote:

And plenty more firms (blackrock) buying homes at above market price to rent out.



This is incredible
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11958 posts
Posted on 11/10/22 at 9:06 am to
Meanwhile in the real world investor purchase volume has completely dried up for obvious reasons
Posted by beerJeep
Louisiana
Member since Nov 2016
38430 posts
Posted on 11/10/22 at 9:06 am to
quote:

This is incredible


So are you saying black rock isn’t the single largest single-family home owner… he homes of which they own, they rent out…..

And you are likewise saying that there aren’t plenty of other firms like black rock (black rock is simply the largest and richest) that are buying up single family homes above market price in order to rent out?

These are your positions AIDstiger?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97824 posts
Posted on 11/10/22 at 9:12 am to
quote:

These are your positions AIDstiger?


AIDstiger?
My position is you have to be one of the bigger morons on here
Posted by beerJeep
Louisiana
Member since Nov 2016
38430 posts
Posted on 11/10/22 at 9:14 am to
quote:

My position is you have to be one of the bigger morons on here




Mr. “It isn’t even 7.15%”



You’re a joke, AIDStiger
Posted by idlewatcher
Planet Arium
Member since Jan 2012
96810 posts
Posted on 11/10/22 at 9:17 am to
quote:

And plenty more firms (blackrock) buying homes at above market price to rent out.


This is true. BRock bought up pretty much a whole neighborhood north of me and they have rented out several of them. Never any for sale signs in that neighborhood.
Posted by theronswanson
House built with my hands
Member since Feb 2012
3256 posts
Posted on 11/10/22 at 9:22 am to
quote:

Every piece of legislature from this administration that has anything to do with economics is intentionally designed to reduce the purchasing power of likely Republican voters.


The Trump administration passed a bill that dramatically capped SALT deductions, which overwhelmingly affected voters in urban Democratic areas. That sword cuts both ways.
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