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Started By
Message
re: Is this bad? I was told no one was unemployed and the RE market was fine
Posted on 4/9/24 at 7:33 am to YipSkiddlyDooo
Posted on 4/9/24 at 7:33 am to YipSkiddlyDooo
quote:
This is the least affordable economic climate in my lifetime
Sorry to hear you are poor.
4
Posted on 4/9/24 at 7:34 am to stout
I was in the mortgage business 2 years ago and was pink slipped. A year plus later the entire company closed. It was a national mortgage company with hundreds of employees if not several thousand. A lot of us were home based so knowing how many worked for them is an unknown.
I never filed for benefits as I considered myself retired. My layoff never would have been counted in the unemployment numbers.
I never filed for benefits as I considered myself retired. My layoff never would have been counted in the unemployment numbers.
Posted on 4/9/24 at 7:36 am to LRB1967
quote:
Democrats lie. The mainstream media spreads the lies. Only the naive and stupid believe them.
Posted on 4/9/24 at 7:36 am to stout
quote:
Oh you mean like this report showing that we are already way above pre CV levels and trending up monthly? Loss of income is the biggest reason given hence the chart in my OP. Your point is stupid though as that point alone has led to a significant increase in the 90-day late trend. This chart is FHA only FYI. No conventional loans are counted in it which is also trending up.
All of the data from 2020 is junk and should be thrown out. You have to compare to 2019 and prior to see the real trend. From about 2009 until 2019 foreclosures, 90 days later, etc were trending down yearly. That changed at the end of 2022
What's interesting is the amount of no contact has more than doubled. People aren't answering calls or the door when the bank sends a "mortgage inspector" out to try to make contact. The bank is trying to get these people into a loan modification program instead of foreclosing but people can't/won't even do that
C'mon stout...Tboy provided CFPB data. You can't beat that.
Posted on 4/9/24 at 7:37 am to Motownsix
quote:
This is the least affordable economic climate in my lifetime
Sorry to hear you are poor.
Such a vapid, retarded response.
Youre just too stupid to realize how much money you left on the table in 2020-2022 due to central planning.
This post was edited on 4/9/24 at 7:39 am
Posted on 4/9/24 at 7:38 am to udtiger
quote:
C'mon stout...Tboy provided CFPB data. You can't beat that.
Yea that trumps my report straight from HUD.gov
Posted on 4/9/24 at 7:47 am to stout
quote:
C'mon stout...Tboy provided CFPB data. You can't beat that.
Yea that trumps my report straight from HUD.gov
The CFPB headed by Elizabeth (Eagle Feather) Warren. We can surely trust everything she signs to be as factually correct as her employment applications.
Posted on 4/9/24 at 7:48 am to TBoy
quote:
This is actually another sign of a very strong and healthy economy. Certainly better than the last administration.
Total horseshite.
Posted on 4/9/24 at 7:49 am to Motownsix
quote:
They should get the word out to the millions of Americans living their best lives these days.
This is how dumb and gullible leftists are.
This post was edited on 4/9/24 at 8:59 am
Posted on 4/9/24 at 7:51 am to dnm3305
quote:
What happened during 2016-2020 to make that rate plummet?
Oh, that’s right. Competency in office.
That's why they had to get rid of the Bad Orange Man.
Well, that and mean tweets.
Posted on 4/9/24 at 7:52 am to Motownsix
quote:
This is the least affordable economic climate in my lifetime
Sorry to hear you are poor.
Living in the least affordable economic climate has nothing to do with being rich or poor idiot. You are still living in the least affordable economic climate since the Carter Admin.. That is one hell of a accomplishment that the Obiden admin. can toot their horn about.
Posted on 4/9/24 at 7:53 am to Motownsix
quote:
They should get the word out to the millions of Americans living their best lives these days.
Ah, it makes sense now. Youre female.
Posted on 4/9/24 at 7:57 am to RogerTheShrubber
quote:
They should get the word out to the millions of Americans living their best lives these days.
Ah, it makes sense now. Youre female.
So Motown is literally a bitch. Shocked I tell you.
Posted on 4/9/24 at 8:01 am to TBoy
No, it is not better.
Why do ignorant, cowardly, loser jackass Dem men believe their own BS and lies? Dems have the IQ of a mollusk and the integrity of a weasel.
Why do ignorant, cowardly, loser jackass Dem men believe their own BS and lies? Dems have the IQ of a mollusk and the integrity of a weasel.
Posted on 4/9/24 at 10:43 am to chili pup
quote:
We are in a recession. The government will not say it because they are funding credit to many to save their asses in government.
They figured that out under Obama during 2008-2009.
If Trump wins the next day the media will say we are in a recession because of OMB.
Posted on 4/9/24 at 10:46 am to TBoy
Low T
MONEYWATCH
Half of Americans struggling to afford housing, survey finds
moneywatch
By Khristopher J. Brooks
Edited By Alain Sherter
April 8, 2024 / 6:06 PM EDT / CBS News
Many Americans are struggling to keep a roof over their head amid the high cost of housing in the U.S.
About half of homeowners and renters said they have periodically struggled this year to afford their mortgage payment or rent, according to a recent survey from online real estate broker Redfin. To keep up with their housing payments, some homeowners and renters report selling their belongings, picking up overtime shifts, canceling vacations, working a second job and even skipping meals.
The cost of housing in today's market means "some families can no longer afford other essentials, including food and medical care, and have been forced to make major sacrifices," Chen Zhao, economics research lead at Redfin, said in a statement.
Redfin based its findings on a survey of roughly 3,000 homeowners and renters in February.
A 2023 survey from Clever Real Estate found that 62% of homeowners sometimes struggled to make their mortgage payment on time. LINK
MONEYWATCH
Half of Americans struggling to afford housing, survey finds
moneywatch
By Khristopher J. Brooks
Edited By Alain Sherter
April 8, 2024 / 6:06 PM EDT / CBS News
Many Americans are struggling to keep a roof over their head amid the high cost of housing in the U.S.
About half of homeowners and renters said they have periodically struggled this year to afford their mortgage payment or rent, according to a recent survey from online real estate broker Redfin. To keep up with their housing payments, some homeowners and renters report selling their belongings, picking up overtime shifts, canceling vacations, working a second job and even skipping meals.
The cost of housing in today's market means "some families can no longer afford other essentials, including food and medical care, and have been forced to make major sacrifices," Chen Zhao, economics research lead at Redfin, said in a statement.
Redfin based its findings on a survey of roughly 3,000 homeowners and renters in February.
A 2023 survey from Clever Real Estate found that 62% of homeowners sometimes struggled to make their mortgage payment on time. LINK
Posted on 4/9/24 at 10:48 am to Warboo
quote:
So Motown is literally a bitch. Shocked I tell you.
This is a dead giveaway.
quote:
living their best lives these days.
Posted on 4/9/24 at 2:36 pm to stout
quote:
Oh you mean like this report showing that we are already way above pre CV levels and trending up monthly?
THAT table shows delinquencies high and trending up. It also shows, when you take out the pandemic years that you say should be ignored, that the percentage due to reduction in income is no higher than it was in 2018/19. In other words, it substantiates what I posted: that the previous graph was a shite graph for the conclusions that the OP drew.
The table in this post is different. It supplies the very information I said was missing. You chastise me, but you substantiate my post.
This post was edited on 4/9/24 at 2:37 pm
Posted on 4/9/24 at 2:50 pm to loogaroo
quote:
Everything from this administration is a lie. I mean literally everything from every bureau.
It truly is.
Posted on 4/9/24 at 2:50 pm to Motownsix
Who are those Americans?
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