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Started By
Message
re: If your life depends on the Fed rates, perhaps you should ask mommy for more allowance
Posted on 7/30/25 at 5:07 pm to trinidadtiger
Posted on 7/30/25 at 5:07 pm to trinidadtiger
quote:
One friggin point is not gonna change your life, and if it is, perhaps you should re-evaluate your life. The interest rates and quantitative tightening reduced double digit inflation....ya want that back?????? A few months off the crack pipe and you want right back on it??? The BBB is about to drop trillions back in the economy, along with trillions of offshore investment. Perhaps it might be prudent to hold the course before we pick up the pipe......
I don’t need anymore money and 1 point won’t do shite. I’m just used to my old 2.6% interest rate and 6.35% sucks balls. I’m paying 43k a year in just interest and I would like for that to be less.
0
Posted on 7/30/25 at 5:11 pm to trinidadtiger
quote:I am no Fed expert but have they ever gone a full point at one time?
One friggin point is not gonna change your life, and if it is, perhaps you should re-evaluate your life.
Posted on 7/30/25 at 5:11 pm to DrrTiger
quote:
My first mortgage was at 8%. The current 6.5% would have been a gift.
And, between when you bought a house and now, housing prices have exponentially increased far beyond inflation rates. That house you bought at 8% was far more affordable than anything you can buy now at 7%.
Posted on 7/30/25 at 5:15 pm to Sweep Da Leg
quote:
No one is buying more of our debt by lowering rates. Inflation will increase because of this and the things you mentioned.
Housing is so inflated
Lowering the rate 1% may not be have as much impact as you would like to see, but combined with the tariffs, the trillions of committed foreign investments, an increase of domestic business expansion due to deregulation all together dors have an impressive impact.
Along with spending cuts.
I believe we'll see bigger spending cuts in the future once the above mentioned factors begin to take hold.
Posted on 7/30/25 at 5:16 pm to trinidadtiger
quote:
One friggin point is not gonna change your life, and if it is, perhaps you should re-evaluate your life.
Wrong. I’m in the investment business. This delay is literally costing me 100s of thousands of dollars.
I don’t need more allowance I need to either see the fed fulfill its duties in a non-political way or be abolished.
At this point, abolishment seems the direction to go.
Posted on 7/30/25 at 5:17 pm to MMauler
quote:
And, between when you bought a house and now, housing prices have exponentially increased far beyond inflation rates.
Excellent point. Which is why I would like to see interest rates remain stabilized at normal historical levels and have inflated asset prices adjust to something more sustainable.
Posted on 7/30/25 at 5:58 pm to DrrTiger
quote:My first was 11.5 %- 2 under prime for bond money for first time home buyers.
My first mortgage was at 8%. The current 6.5% would have been a gift.
Posted on 7/30/25 at 6:01 pm to trinidadtiger
quote:
The interest rates and quantitative tightening reduced double digit inflation
Wrong although your premise is correct
Posted on 7/30/25 at 6:02 pm to trinidadtiger
Is there anyway for those of you that don’t understand rates and associated impact of a point with respect to cost of money, capital investments, etc…. To get together in a single thread of dumbassery??
Would be easier for the rest of us to keep an eye on you guys.
Would be easier for the rest of us to keep an eye on you guys.
Posted on 7/30/25 at 6:08 pm to MMauler
quote:
And, between when you bought a house and now, housing prices have exponentially increased far beyond inflation rates. That house you bought at 8% was far more affordable than anything you can buy now at 7%.
The house was far more affordable back then because, in part, it was substantially smaller and had few of the features in comparison to the home you're looking to buy now. It's hard to find, and when found you question the quality of the work, but go look at an analysis of real home prices over the last 50 years where they the home and dollar are held constant. Things aren't nearly as different today as most think.
Posted on 7/30/25 at 6:09 pm to DrrTiger
quote:oh yeah, what size home and what was the price you paid?
My first mortgage was at 8%. The current 6.5% would have been a gift.
Posted on 7/30/25 at 6:09 pm to Diamondawg
quote:way back when homes cost 80k
My first was 11.5 %- 2 under prime for bond money for first time home buyers.
Posted on 7/30/25 at 6:09 pm to DrrTiger
quote:
Which is why I would like to see interest rates remain stabilized at normal historical levels and have inflated asset prices adjust to something more sustainable.
So basically, you’re fine without almost an entire generation being unable to afford a house until things level off?
It’s okay if you are, but perhaps we should think about all the ramifications of that before we just decide to do it.
For instance, how long will this last? What effect will it have on the middle class? What will be the overall effect on the economy? What about the rental market and resale market?
it could be a matter of these people having to wait until they’re in their 50s or 60s to inherit their parents homes until they can have a home of their own.
Also, will many current homeowners be underwater on their homes as they’re paying them off while the market “corrects" itself.
I don’t know the answer. However, it would seem that a far simpler solution would be to at least get the rates somewhere between 4-5% over the next year or so before we take such drastic actions as taking a number of years to let the market "correct itself." However, I would think that letting the interest rates go back down to the 2–3% range would completely destroy any correction that you are envisioning.
Right now, I just think Powell is either a TDS-infected democrat or politicized RINO who believes that lowering their interest rate will help Trump and the “Trump economy.“ Obviously unless we can get some emails or other evidence, there’s no actual or direct "proof” of this. However, the fact that this deep state actor is spending $2.5-3 billion to renovate an already existing building stinks to high fricking heaven and tells me that something is extremely wrong (and political) with the way Powell is running the Fed.
Posted on 7/30/25 at 6:10 pm to trinidadtiger
quote:
One friggin point is not gonna change your life, and if it is, perhaps you should re-evaluate your life.
The interest rates and quantitative tightening reduced double digit inflation....ya want that back??????
A few months off the crack pipe and you want right back on it???
The BBB is about to drop trillions back in the economy, along with trillions of offshore investment. Perhaps it might be prudent to hold the course before we pick up the pipe......
You're absolutely right cuck. Inflation is transitory so we only cut rates when we see an uptick...
Posted on 7/30/25 at 6:11 pm to MMauler
quote:Near-zero interest rates caused that!!!! Lowering rates just re-inflates the historic bubble even higher. Housing prices need to drop 30-50% and the only way that happens is for HIGH interest rates to choke the lending market. If nobody can get $400k loans for $200k houses any more the price will have to fall back down to a level banks will loan for.
Tell that to the millions of young couples who can’t afford to buy a fricking home, a-hole!
I hate it for the people who believe they are rich because of a dumb imaginary number they put on their house but it's been obvious for 15 years that this day would eventually come.
This post was edited on 7/30/25 at 6:14 pm
Posted on 7/30/25 at 6:11 pm to GumboPot
quote:
But a $100k 30 mortgage at 7% interest rate: $665.30 per month. $100k 30 mortgage at 6% interest rate: $599.55 per month. 5% interest rate: $536.82 per month 4% interest rate: $477.42 per month 3% interest rate: $421.60 per month
Who is getting a 100k mortgage? Median home is around 420k.
420k mortgage:
7% is $2,794
6% is $2,518
5% is $2,255
4% is $2,005
3% is $1,771
2% is $1,552
Tremendous difference. Don’t pretend that the low mortgage rates weren’t a massive fricking handout, at the expense of the middle class and younger generations.
I think the there should be a highly restricted, ultra low interest loan for people who don’t own real property and meet certain income requirements.
Posted on 7/30/25 at 6:16 pm to Buryl
quote:that just a bad take my guy. The middle class and younger generations also took advantage of those low interest rates.
Tremendous difference. Don’t pretend that the low mortgage rates weren’t a massive fricking handout, at the expense of the middle class and younger generations.
Low interest rates were great for everyone.
Posted on 7/30/25 at 6:18 pm to MMauler
quote:
So basically, you’re fine without almost an entire generation being unable to afford a house until things level off?
I don’t know the answer. However, it would seem that a far simpler solution would be to at least get the rates somewhere between 4-5% over the next year or so before we take such drastic actions as taking a number of years to let the market "correct itself."
Could part of the answer to help this generation that's finding it difficult to buy their first house be to build 1300 sq ft homes with a carport, linoleum flooring, and no bells/whistles? That would definitely help with the challenge of first time home buying affordability.
Posted on 7/30/25 at 6:20 pm to AuburnTigers
quote:Only the economic illiterate. .
Low interest rates were great for everyone.
Posted on 7/30/25 at 6:23 pm to trinidadtiger
I sell those crowns in the back of those impalas.
I need folks to buy more crowns.
Lower the rate.
I need folks to buy more crowns.
Lower the rate.
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