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Started By
Message
re: Too Late Screwed Us Again!
Posted on 7/30/25 at 2:33 pm to AuburnTigers
Posted on 7/30/25 at 2:33 pm to AuburnTigers
quote:
because of inflation with higher interest rates
Wait, you think inflation was due to higher rates?
1
Posted on 7/30/25 at 2:34 pm to Arkaea79
quote:
Try to sell your house lately?
This depends on where you live. Houses in major metros with high paying jobs are selling.
Posted on 7/30/25 at 2:34 pm to Lynxrufus2012
quote:
So this is what it took for you to admit that?
I bet that hurt for you to say it.
Posted on 7/30/25 at 2:34 pm to DrrTiger
quote:its not just home prices. Its the national debt that we have to pay interest on. Lowering the interest rates by 1 point will reduce the interest on the debt by billions dollars
The hilarity here is that the evil boomers have massively inflated home values and these dummies don’t want to allow them to come down.
You say our national debt is a crisis situation, yet you want the high fricking rates on that debt to stay the same???? Are you dumb?
Posted on 7/30/25 at 2:34 pm to SlowFlowPro
quote:
Housing prices haven't fallen enough. This forcing prices down is a good thing, IMHO.
according to Zillow my home's value is the highest it has ever been. I bought it for $145k in 2014 and it is currently estimated at $334k and I have made zero improvements.
I know it's anecdotal, but home prices are out of control and lowering rates will just reinforce it by allowing people to afford homes that are prices way out of their value, like mine.
Like you said, the economy isn't screaming for lower rates. The only real justification for lowering rates would be to artificially manipulate public debt refinancing, and at that point, why bother? frick it, let's just lower rates to 0% for the single quarter we need to refinance and then the next quarter just raise them back to current levels.
Posted on 7/30/25 at 2:35 pm to SlowFlowPro
quote:like i said, you are stupid
Wait, you think inflation was due to higher rates?
try reading the post again. Sound out the words slowly so you can comprehend
Posted on 7/30/25 at 2:36 pm to TigerFanatic99
quote:
according to Zillow my home's value is the highest it has ever been. I bought it for $145k in 2014 and it is currently estimated at $334k and I have made zero improvements.
I know it's anecdotal, but home prices are out of control and lowering rates will just reinforce it by allowing people to afford homes that are prices way out of their value, like mine.
Correct.
quote:
The only real justification for lowering rates would be to artificially manipulate public debt refinancing, and at that point, why bother? frick it, let's just lower rates to 0% for the single quarter we need to refinance and then the next quarter just raise them back to current levels.
Now that is thinking.
Posted on 7/30/25 at 2:38 pm to scrooster
quote:What housing market crisis?? There is no housing market crisis.
helps settle the housing market crisis
Posted on 7/30/25 at 2:39 pm to TigerFanatic99
quote:
lowering rates will
Lower mortgage rates will make demand and prices go even higher. Right now you can take your time and bid on a house when rates lower you will be bidding against three to five people. You don't want that I can assure you.
Posted on 7/30/25 at 2:39 pm to AuburnTigers
quote:
like i said, you are stupid
No.
OK so the problem (inflation + high interest rates) is that prices are too high, as I've said before. We need housing prices to crash.
Then we would have lower prices + high interest rates, which is fine.
Posted on 7/30/25 at 2:40 pm to SDVTiger
quote:
Normal ppl want the economy to be more than fine. We like winning
SFPanican's TDS is so extreme that he would rather see the economy repressed than Trump getting credit for it flourishing.
Posted on 7/30/25 at 2:40 pm to AuburnTigers
quote:
You say our national debt is a crisis situation
Tell our elected officials to stop spending money. We have a spending problem not a 'rate' problem.
Posted on 7/30/25 at 2:41 pm to LSURussian
quote:
What housing market crisis??
The crisis appears to be for those who have champagne taste and a beer budget.
Posted on 7/30/25 at 2:41 pm to ronricks
quote:no doubt. its better to keep them high so only a select few can afford to buy them
Lower mortgage rates will make demand and prices go even higher. Right now you can take your time and bid on a house when rates lower you will be bidding against three to five people. You don't want that I can assure you.
Do you hear yourself Mr Elitist?
Posted on 7/30/25 at 2:41 pm to KCT
quote:
SFPanican's TDS is so extreme that he would rather see the economy repressed than Trump getting credit for it flourishing.
Creating an inflationary environment and calling it a booming economy isn't making a better economy.
How have y'all not learned this simple lesson? This has been the gameplan since the 2009 Crisis, and look at where our public debt is, currently.
Posted on 7/30/25 at 2:41 pm to MajorityWhip
quote:He can't just because he doesn't like him.
Wish Trump would have fired him.
Posted on 7/30/25 at 2:42 pm to ronricks
quote:spending is only going to increase. How many decades of proof will it take for you to accept it?
Tell our elected officials to stop spending money. We have a spending problem not a 'rate' problem.
Posted on 7/30/25 at 2:42 pm to KCT
quote:
SFPanican's TDS is so extreme that he would rather see the economy repressed than Trump getting credit for it flourishing.
Exactly. Dems are scared that this economy will sky rocket to mars and they are toast forever
Posted on 7/30/25 at 2:42 pm to AuburnTigers
quote:It's not the Fed's job to manipulate congress' overspending.
Its the national debt that we have to pay interest on. Lowering the interest rates by 1 point will reduce the interest on the debt by billions dollars
In fact, if the Fed tried to do that the FOMC members could be impeached for violating the Fed's legal mandate.
Posted on 7/30/25 at 2:43 pm to LSURussian
quote:
It's not the Fed's job to manipulate congress' overspending.
Thank you
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