They can wait for interest rates to drop, but if they do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home prices will skyrocket:How is this different than any other time, Sunshine?
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home prices will skyrocket:How is this different than any other time, Sunshine?
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
What do you think?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home prices will skyrocket:How is this different than any other time, Sunshine?
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
What do you think?Sorry.
Answer my question before you ask one.
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in
TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:prices will skyrocket: >>> https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-hou sing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI ?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10 >> How is
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
this different than any other time, Sunshine?
What do you think?Sorry.
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in
TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENTYou've failed to answer the question.
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote: >>>> On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENTYou've failed to answer the question.
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in
TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.
On Friday, October 6, 2023 at 7:53:40 PM UTC-7, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote: >>>>>>> On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in
TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
I will have to add this one to your LONG LIST of LIES!!!
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote: >>>> On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENTYou've failed to answer the question.
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.
On Friday, October 6, 2023 at 10:53:40 PM UTC-4, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote: >>>> On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home >>>>> prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT in just THREE YEARS!! This is a rate of housing inflation that is atYou've failed to answer the question.
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.Really depends on one’s time horizon perspective: despite their recent increase off
of 5,000 year lows (as per BoA), current rates are still lower (eg, “had dropped”) than
in the past …
“Think interest rates are high now? The Romans had it worse, a Bank of America chart shows.”
< https://www.businessinsider.com/roman-empire-bank-of-america-federal-reserve-interest-rates-2023-10>
-hh
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote: >>>>>> On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home >>>>>>> prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in
TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT >>> in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.I was pointing out a relationship that has always existed.
When interest rates go up, house sales decline and prices decline or at least flatten out.
When interest rates come down, housing sales increase and prices go up.
This is not new.
On Saturday, October 7, 2023 at 12:32:42 AM UTC-7, -hh wrote:
On Friday, October 6, 2023 at 10:53:40 PM UTC-4, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote: >>>> On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home >>>>> prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENTYou've failed to answer the question.
in just THREE YEARS!! This is a rate of housing inflation that is at a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.Really depends on one’s time horizon perspective: despite their recent increase off
of 5,000 year lows (as per BoA), current rates are still lower (eg, “had dropped”) than
in the past …
“Think interest rates are high now? The Romans had it worse, a Bank of America chart shows.”
< https://www.businessinsider.com/roman-empire-bank-of-america-federal-reserve-interest-rates-2023-10>
And home prices were MUCH lower back then, too.
The total cost of home ownership, which includes the price and total interest paid, has now pushed the average home cost up to a MILLION DOLLARS!
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan
wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they
do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
I was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level
in TWENTY-THREE YEARS! Add to that that home prices are up
FORTY PERCENT in just THREE YEARS!! This is a rate of housing
inflation that is at a historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go
up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts (https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in increased prices for those homes and fewer new homeowners.
On Saturday, October 7, 2023 at 12:22:07 PM UTC-4, Tommy wrote:
On Saturday, October 7, 2023 at 12:32:42 AM UTC-7, -hh wrote:
On Friday, October 6, 2023 at 10:53:40 PM UTC-4, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home >>>>> prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENTYou've failed to answer the question.
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.Really depends on one’s time horizon perspective: despite their recent increase off
of 5,000 year lows (as per BoA), current rates are still lower (eg, “had dropped”) than
in the past …
“Think interest rates are high now? The Romans had it worse, a Bank of America chart shows.”
< https://www.businessinsider.com/roman-empire-bank-of-america-federal-reserve-interest-rates-2023-10>
And home prices were MUCH lower back then, too.So was income too: in 1984, the US median household income was $26,430/yr. That’s roughly 1/3rd of today’s $74,580/yr today…
The total cost of home ownership, which includes the price and total interestAnd per BLS, $1M in 2023 is equivalent to $342,000 from forty years ago. Which scales out to be roughly the same 1/3rd of today again:
paid, has now pushed the average home cost up to a MILLION DOLLARS!
$1M/$74,580 = 13.4
$342K/$26,430 = 12.9
Less than a 5% difference.
-hh
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan
wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they
do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
I was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level
in TWENTY-THREE YEARS! Add to that that home prices are up
FORTY PERCENT in just THREE YEARS!! This is a rate of housing
inflation that is at a historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go
up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts (https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in increased prices for those homes and fewer new homeowners.
Except I never said that this (the subject YOU brought up: "They can
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates drop was something special to this era.
It's not, Sunshine.
Sorry.
On Saturday, October 7, 2023 at 10:09:38 AM UTC-7, -hh wrote:
On Saturday, October 7, 2023 at 12:22:07 PM UTC-4, Tommy wrote:
On Saturday, October 7, 2023 at 12:32:42 AM UTC-7, -hh wrote:
On Friday, October 6, 2023 at 10:53:40 PM UTC-4, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level in TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENTYou've failed to answer the question.
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.
Really depends on one’s time horizon perspective: despite their recent increase off
of 5,000 year lows (as per BoA), current rates are still lower (eg, “had dropped”) than
in the past …
“Think interest rates are high now? The Romans had it worse, a Bank of America chart shows.”
< https://www.businessinsider.com/roman-empire-bank-of-america-federal-reserve-interest-rates-2023-10>
And home prices were MUCH lower back then, too.
So was income too: in 1984, the US median household income was $26,430/yr. That’s roughly 1/3rd of today’s $74,580/yr today…
The total cost of home ownership, which includes the price and total interestAnd per BLS, $1M in 2023 is equivalent to $342,000 from forty years ago. Which scales out to be roughly the same 1/3rd of today again:
paid, has now pushed the average home cost up to a MILLION DOLLARS!
$1M/$74,580 = 13.4
$342K/$26,430 = 12.9
Less than a 5% difference.
Nobody cares what homes cost 40 years ago (after all, first time home buyers weren't even born yet!),
Lyin' Asshole: what they care about is how much they have RISEN under the senile pervert.
On Monday, October 9, 2023 at 8:23:56 PM UTC-4, Tommy wrote:
On Saturday, October 7, 2023 at 10:09:38 AM UTC-7, -hh wrote:
On Saturday, October 7, 2023 at 12:22:07 PM UTC-4, Tommy wrote:
On Saturday, October 7, 2023 at 12:32:42 AM UTC-7, -hh wrote:
On Friday, October 6, 2023 at 10:53:40 PM UTC-4, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level inYou've failed to answer the question.
TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.
Really depends on one’s time horizon perspective: despite their recent increase off
of 5,000 year lows (as per BoA), current rates are still lower (eg, “had dropped”) than
in the past …
“Think interest rates are high now? The Romans had it worse, a Bank of America chart shows.”
< https://www.businessinsider.com/roman-empire-bank-of-america-federal-reserve-interest-rates-2023-10>
And home prices were MUCH lower back then, too.
So was income too: in 1984, the US median household income was $26,430/yr.
That’s roughly 1/3rd of today’s $74,580/yr today…
The total cost of home ownership, which includes the price and total interestAnd per BLS, $1M in 2023 is equivalent to $342,000 from forty years ago. Which scales out to be roughly the same 1/3rd of today again:
paid, has now pushed the average home cost up to a MILLION DOLLARS!
$1M/$74,580 = 13.4
$342K/$26,430 = 12.9
Less than a 5% difference.
Nobody cares what homes cost 40 years ago (after all, first time home buyers weren't even born yet!),"mortgage rates are at their highest level in TWENTY-THREE YEARS!" - Tommy "And home prices were MUCH lower back then, too." - Tommy
You were saying?
Lyin' Asshole: what they care about is how much they have RISEN under the senile pervert.Nope, because what you're trying to avoid is that even as home prices have increased over the
past 23 years, so too have wages. As such, your "it's horrible!" rant lacks the perspective of the
time-value of money factor of "then vs now". That's why I took a simple (costs/income) ratio to
illustrate that the affordability needle hasn't really moved much.
Of course, a _real_ multimillionaire is financially savvy enough to know this truth ahead of time,
so as to not embarrass themselves by saying stupid stuff, because as noted above, the recent
history is simply one of a period of phenomenally low interest rates. Seems that you were under
the incorrect belief that things like "Reversion to the Mean" don't apply anymore: Oopsie!
-hh
On Monday, October 9, 2023 at 6:27:41 PM UTC-7, -hh wrote:
On Monday, October 9, 2023 at 8:23:56 PM UTC-4, Tommy wrote:
On Saturday, October 7, 2023 at 10:09:38 AM UTC-7, -hh wrote:
On Saturday, October 7, 2023 at 12:22:07 PM UTC-4, Tommy wrote:
On Saturday, October 7, 2023 at 12:32:42 AM UTC-7, -hh wrote:
On Friday, October 6, 2023 at 10:53:40 PM UTC-4, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they do home
prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level inYou've failed to answer the question.
TWENTY-THREE YEARS! Add to that that home prices are up FORTY PERCENT
in just THREE YEARS!! This is a rate of housing inflation that is at
a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT dropped, Fool, they are on their way to TRIPLING.
Really depends on one’s time horizon perspective: despite their recent increase off
of 5,000 year lows (as per BoA), current rates are still lower (eg, “had dropped”) than
in the past …
“Think interest rates are high now? The Romans had it worse, a Bank of America chart shows.”
< https://www.businessinsider.com/roman-empire-bank-of-america-federal-reserve-interest-rates-2023-10>
And home prices were MUCH lower back then, too.
So was income too: in 1984, the US median household income was $26,430/yr.
That’s roughly 1/3rd of today’s $74,580/yr today…
The total cost of home ownership, which includes the price and total interestAnd per BLS, $1M in 2023 is equivalent to $342,000 from forty years ago.
paid, has now pushed the average home cost up to a MILLION DOLLARS!
Which scales out to be roughly the same 1/3rd of today again:
$1M/$74,580 = 13.4
$342K/$26,430 = 12.9
Less than a 5% difference.
Nobody cares what homes cost 40 years ago (after all, first time home buyers weren't even born yet!),"mortgage rates are at their highest level in TWENTY-THREE YEARS!" - Tommy "And home prices were MUCH lower back then, too." - Tommy
You were saying?
Lyin' Asshole: what they care about is how much they have RISEN under the senile pervert.Nope, because what you're trying to avoid is that even as home prices have increased over the
past 23 years, so too have wages. As such, your "it's horrible!" rant lacks the perspective of the
time-value of money factor of "then vs now". That's why I took a simple (costs/income) ratio to
illustrate that the affordability needle hasn't really moved much.
Of course, a _real_ multimillionaire is financially savvy enough to know this truth ahead of time,
so as to not embarrass themselves by saying stupid stuff, because as noted above, the recent
history is simply one of a period of phenomenally low interest rates. Seems that you were under
the incorrect belief that things like "Reversion to the Mean" don't apply anymore: Oopsie!
You have the mental capacity of a ROCK! You are the one that has a monopoly on STUPID, you idiot!
WTF do you think that SEVENTY-FIVE PERCENT of the people give that senile pervert an F on the economy?
It is because they are getting FUCKING SCREWED BY THE ASSHOLE, asshole!!!
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote: >>>>>>>> On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan >>>>>>>>> wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they >>>>>>>>>>> do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level >>>>>>> in TWENTY-THREE YEARS! Add to that that home prices are up
FORTY PERCENT in just THREE YEARS!! This is a rate of housing >>>>>>> inflation that is at a historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go >>>> up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in
increased prices for those homes and fewer new homeowners.
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates >> drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
Oh, look: wrong again, because you didn't bother to check the facts
before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan
wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they
do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level
in TWENTY-THREE YEARS! Add to that that home prices are up
FORTY PERCENT in just THREE YEARS!! This is a rate of housing
inflation that is at a historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go
up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in
increased prices for those homes and fewer new homeowners.
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates
drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote: >>>>>>>> On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan >>>>>>>>> wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they >>>>>>>>>>> do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level >>>>>>> in TWENTY-THREE YEARS! Add to that that home prices are up
FORTY PERCENT in just THREE YEARS!! This is a rate of housing >>>>>>> inflation that is at a historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go >>>> up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in
increased prices for those homes and fewer new homeowners.
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates >> drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.Oh, look: wrong again, because you didn't bother to check the facts
before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%
On Tuesday, October 10, 2023 at 9:08:18 AM UTC-7, -hh wrote:
On Tuesday, October 10, 2023 at 12:02:28 PM UTC-4, Alan wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote: >>>>>> On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote: >>>>>>>> On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan >>>>>>>>> wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they >>>>>>>>>>> do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They can >> wait for interest rates to drop, but if they do home prices willI was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level >>>>>>> in TWENTY-THREE YEARS! Add to that that home prices are up >>>>>>> FORTY PERCENT in just THREE YEARS!! This is a rate of housing >>>>>>> inflation that is at a historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline >>>> or at least flatten out.
When interest rates come down, housing sales increase and prices go >>>> up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and >>> the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing >>> units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market. >>> This limited supply, particularly for starter homes, could result in >>> increased prices for those homes and fewer new homeowners.
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates
drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
Oh, look: wrong again, because you didn't bother to check the facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%Tommy’s just not good with financial information.
Case in point, US homeownership is 66%, with 38% of these being mortgage-free,
which means just (.66*(1-.38)) = 41% of households have a home mortgage, not 75%.
-hhLOL! That 75% is the percentage of the public that give Lyin' Biden an F on the ECONOMY,
you idiot, NOT those with a home mortgage as you said.
Unaffordability of housing is a MAJOR reason why Americans are FED UP with the senile pervert:
https://www.bankrate.com/homeownership/home-ownership-statistics/
"High inflation is the No. 1 reason that Americans across regions, age, race and income
aren’t feeling financially secure, according to Bankrate’s Financial Freedom Survey.
Housing is a key component in inflation. The shelter category, which includes housing costs,
consistently has been the largest contributor to the Consumer Price Index’s monthly all-items
increase for the past several months."
On Tuesday, October 10, 2023 at 12:02:28 PM UTC-4, Alan wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote: >>>>>> On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote: >>>>>>>> On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan >>>>>>>>> wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they >>>>>>>>>>> do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level >>>>>>> in TWENTY-THREE YEARS! Add to that that home prices are up
FORTY PERCENT in just THREE YEARS!! This is a rate of housing >>>>>>> inflation that is at a historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline >>>> or at least flatten out.
When interest rates come down, housing sales increase and prices go >>>> up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and >>> the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing >>> units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market. >>> This limited supply, particularly for starter homes, could result in >>> increased prices for those homes and fewer new homeowners.
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates
drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
Oh, look: wrong again, because you didn't bother to check the facts
before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%Tommy’s just not good with financial information.
Case in point, US homeownership is 66%, with 38% of these being mortgage-free,
which means just (.66*(1-.38)) = 41% of households have a home mortgage, not 75%.
-hh
On Sunday, October 22, 2023 at 11:14:55 AM UTC-7, -hh wrote:
On Sunday, October 22, 2023 at 1:21:32 PM UTC-4, Tommy wrote:
On Tuesday, October 10, 2023 at 9:08:18 AM UTC-7, -hh wrote:
On Tuesday, October 10, 2023 at 12:02:28 PM UTC-4, Alan wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote: >>>> On 2023-10-06 19:53, Tommy wrote:How is this different than any other time, Sunshine?
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote: >>>>>> On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan
wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they >>>>>>>>>>> do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level
in TWENTY-THREE YEARS! Add to that that home prices are up >>>>>>> FORTY PERCENT in just THREE YEARS!! This is a rate of housing
inflation that is at a historical high. Thank you, Lyin' >>>>>>> Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT >>>>> dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go
up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts >>> (https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a >>> trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in
increased prices for those homes and fewer new homeowners.
wait for interest rates to drop, but if they do home prices will >> skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates
drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
Oh, look: wrong again, because you didn't bother to check the facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%Tommy’s just not good with financial information.
Case in point, US homeownership is 66%, with 38% of these being mortgage-free,
which means just (.66*(1-.38)) = 41% of households have a home mortgage, not 75%.
-hhLOL! That 75% is the percentage of the public that give Lyin' Biden an F on the ECONOMY,
you idiot, NOT those with a home mortgage as you said.
First, your " SEVENTY-FIVE PERCENT" that you've claimed is utterly unsubstantiated.
LOL! This is COMMON KNOWLEDGE, Lyin' Asshole - the senile pervert has his WORST NUMBERS for handling of the economy, and YOU KNOW IT!!!!
Unaffordability of housing is a MAJOR reason why Americans are FED UP with the senile pervert:
https://www.bankrate.com/homeownership/home-ownership-statistics/
Which states that "... homeownership...peaked in 2005 when well over two-thirds of
American housing units were “owner-occupied”....This homeownership rate then began
to sink, down to 63.1 percent in 2020 — its lowest level in five decades."
The start of the decline from the 2005 peak happened under Bush (Republican). And the
bottom in 2020 was Trump (Republican, again), despite his claims of a 'roaring' economy.
Again, you IDIOT, the situation is now UNBEARABLE for most prospective new home buyers
they simply CAN'T AFFORD they 20% down payment PLUS the EIGHT PERCENT mortgage payment.
"High inflation is the No. 1 reason that Americans across regions, age, race and income
aren’t feeling financially secure, according to Bankrate’s Financial Freedom Survey.
Housing is a key component in inflation. The shelter category, which includes housing costs,
consistently has been the largest contributor to the Consumer Price Index’s monthly all-items
increase for the past several months."
Except if if one actually goes to that cited survey, one finds that it says:
"About 2 in 5 each blamed insufficient retirement funds (41 percent) and emergency funds
(42 percent) as factors keeping them from feeling financially secure. More than 1 in 4 blamed
high or revolving debt (26 percent) and renting instead of owning or housing affordability (25 percent)."
In other words, that survey's respondents put housing costs down at 4th place.
In your WET DREAMS, idiot. Housing is something you need NOW, not in 40 years.
Just because housing may have _traditionally_ been a major contributor in the past does not
constitute proof that it currently was this time too. Case in point, continuing on that referenced cite:
"Items among those with the most rapid price growth in 2022 included food at elementary
and secondary schools (prices jumped 305%), eggs (59.9%), margarine (43.8%), fuel oil (41.5%)
and airline fares (28.5%). Some of these prices ballooned for reasons beyond broad pandemic-era
inflationary factors such as snarled supply chains, pent-up consumer demand, household cash
infusions, labor shortages and war in Ukraine."
<https://www.cnbc.com/2023/01/12/heres-the-inflation-breakdown-for-december-2022-in-one-chart.html#>
Are you REALLY this STUPID, you IDIOT? Lyin' Biden gets BLAMED for EVERYTHING in your list, as he SHOULD!!!!!
BTW, I don't think that the average consumer puts the price of EGGS or MARGARINE above the cost of housing.
On Sunday, October 22, 2023 at 1:21:32 PM UTC-4, Tommy wrote:
On Tuesday, October 10, 2023 at 9:08:18 AM UTC-7, -hh wrote:
On Tuesday, October 10, 2023 at 12:02:28 PM UTC-4, Alan wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote: >>>>>> On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote: >>>>>>>> On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan >>>>>>>>> wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they >>>>>>>>>>> do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level >>>>>>> in TWENTY-THREE YEARS! Add to that that home prices are up >>>>>>> FORTY PERCENT in just THREE YEARS!! This is a rate of housing >>>>>>> inflation that is at a historical high. Thank you, Lyin' >>>>>>> Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT >>>>> dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline >>>> or at least flatten out.
When interest rates come down, housing sales increase and prices go
up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a >>> trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in
increased prices for those homes and fewer new homeowners.
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates
drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
Oh, look: wrong again, because you didn't bother to check the facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%Tommy’s just not good with financial information.
Case in point, US homeownership is 66%, with 38% of these being mortgage-free,
which means just (.66*(1-.38)) = 41% of households have a home mortgage, not 75%.
First, your " SEVENTY-FIVE PERCENT" that you've claimed is utterly unsubstantiated.-hhLOL! That 75% is the percentage of the public that give Lyin' Biden an F on the ECONOMY,
you idiot, NOT those with a home mortgage as you said.
Unaffordability of housing is a MAJOR reason why Americans are FED UP with the senile pervert:Which states that "... homeownership...peaked in 2005 when well over two-thirds of
https://www.bankrate.com/homeownership/home-ownership-statistics/
American housing units were “owner-occupied”....This homeownership rate then began
to sink, down to 63.1 percent in 2020 — its lowest level in five decades."
The start of the decline from the 2005 peak happened under Bush (Republican). And the
bottom in 2020 was Trump (Republican, again), despite his claims of a 'roaring' economy.
"High inflation is the No. 1 reason that Americans across regions, age, race and incomeExcept if if one actually goes to that cited survey, one finds that it says:
aren’t feeling financially secure, according to Bankrate’s Financial Freedom Survey.
Housing is a key component in inflation. The shelter category, which includes housing costs,
consistently has been the largest contributor to the Consumer Price Index’s monthly all-items
increase for the past several months."
"About 2 in 5 each blamed insufficient retirement funds (41 percent) and emergency funds
(42 percent) as factors keeping them from feeling financially secure. More than 1 in 4 blamed
high or revolving debt (26 percent) and renting instead of owning or housing affordability (25 percent)."
In other words, that survey's respondents put housing costs down at 4th place.
Just because housing may have _traditionally_ been a major contributor in the past does not
constitute proof that it currently was this time too. Case in point, continuing on that referenced cite:
"Items among those with the most rapid price growth in 2022 included food at elementary
and secondary schools (prices jumped 305%), eggs (59.9%), margarine (43.8%), fuel oil (41.5%)
and airline fares (28.5%). Some of these prices ballooned for reasons beyond broad pandemic-era
inflationary factors such as snarled supply chains, pent-up consumer demand, household cash
infusions, labor shortages and war in Ukraine."
<https://www.cnbc.com/2023/01/12/heres-the-inflation-breakdown-for-december-2022-in-one-chart.html#>
TL;DR: housing costs aren't even mentioned in the source's "highlights reel."
-hh
On Sunday, October 22, 2023 at 10:00:37 PM UTC-4, Tommy wrote:
On Sunday, October 22, 2023 at 11:14:55 AM UTC-7, -hh wrote:
On Sunday, October 22, 2023 at 1:21:32 PM UTC-4, Tommy wrote:
On Tuesday, October 10, 2023 at 9:08:18 AM UTC-7, -hh wrote:
On Tuesday, October 10, 2023 at 12:02:28 PM UTC-4, Alan wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote: >>>> On 2023-10-06 19:53, Tommy wrote:How is this different than any other time, Sunshine?
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan
wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they >>>>>>>>>>> do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed. >>>>You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level
in TWENTY-THREE YEARS! Add to that that home prices are up >>>>>>> FORTY PERCENT in just THREE YEARS!! This is a rate of housing
inflation that is at a historical high. Thank you, Lyin' >>>>>>> Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT >>>>> dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go
up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts >>> (https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large
single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in
increased prices for those homes and fewer new homeowners.
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates
drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
Oh, look: wrong again, because you didn't bother to check the facts
before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%Tommy’s just not good with financial information.
Case in point, US homeownership is 66%, with 38% of these being mortgage-free,
which means just (.66*(1-.38)) = 41% of households have a home mortgage, not 75%.
-hhLOL! That 75% is the percentage of the public that give Lyin' Biden an F on the ECONOMY,
you idiot, NOT those with a home mortgage as you said.
First, your " SEVENTY-FIVE PERCENT" that you've claimed is utterly unsubstantiated.
LOL! This is COMMON KNOWLEDGE, Lyin' Asshole - the senile pervert has his WORST NUMBERS for handling of the economy, and YOU KNOW IT!!!!Still unsubstantiated… cry harder!
Unaffordability of housing is a MAJOR reason why Americans are FED UP with the senile pervert:
https://www.bankrate.com/homeownership/home-ownership-statistics/
Which states that "... homeownership...peaked in 2005 when well over two-thirds of
American housing units were “owner-occupied”....This homeownership rate then began
to sink, down to 63.1 percent in 2020 — its lowest level in five decades."
The start of the decline from the 2005 peak happened under Bush (Republican). And the
bottom in 2020 was Trump (Republican, again), despite his claims of a 'roaring' economy.
Again, you IDIOT, the situation is now UNBEARABLE for most prospective new home buyersAs has been already noted, average new home buyer only puts down 7%.
they simply CAN'T AFFORD they 20% down payment PLUS the EIGHT PERCENT mortgage payment.
And repeat buyers aren’t at 20% either: their average is just 17% down.
As such, you’re protesting an objectively non-majority hypothetical scenario.
"High inflation is the No. 1 reason that Americans across regions, age, race and income
aren’t feeling financially secure, according to Bankrate’s Financial Freedom Survey.
Housing is a key component in inflation. The shelter category, which includes housing costs,
consistently has been the largest contributor to the Consumer Price Index’s monthly all-items
increase for the past several months."
Except if if one actually goes to that cited survey, one finds that it says:
"About 2 in 5 each blamed insufficient retirement funds (41 percent) and emergency funds
(42 percent) as factors keeping them from feeling financially secure. More than 1 in 4 blamed
high or revolving debt (26 percent) and renting instead of owning or housing affordability (25 percent)."
In other words, that survey's respondents put housing costs down at 4th place.
In your WET DREAMS, idiot. Housing is something you need NOW, not in 40 years.Sorry, but it’s derived from *your own choice of citation* that is disagreeing with you.
Just because housing may have _traditionally_ been a major contributor in the past does not
constitute proof that it currently was this time too. Case in point, continuing on that referenced cite:
"Items among those with the most rapid price growth in 2022 included food at elementary
and secondary schools (prices jumped 305%), eggs (59.9%), margarine (43.8%), fuel oil (41.5%)
and airline fares (28.5%). Some of these prices ballooned for reasons beyond broad pandemic-era
inflationary factors such as snarled supply chains, pent-up consumer demand, household cash
infusions, labor shortages and war in Ukraine."
<https://www.cnbc.com/2023/01/12/heres-the-inflation-breakdown-for-december-2022-in-one-chart.html#>
Are you REALLY this STUPID, you IDIOT? Lyin' Biden gets BLAMED for EVERYTHING in your list, as he SHOULD!!!!!Despite the fact that the majority of the stimulus money which caused the post-pandemic
inflation was signed off by none other than your bully boy, Trump.
BTW, I don't think that the average consumer puts the price of EGGS or MARGARINE above the cost of housing.Doesn’t matter, because that’s what your own choice of citation says. Maybe you should learn more about a topic before flapping your lips.
-hh
On Tuesday, October 10, 2023 at 9:08:18 AM UTC-7, -hh wrote:How is this different than any other time, Sunshine?
On Tuesday, October 10, 2023 at 12:02:28 PM UTC-4, Alan wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan
wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan
wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7,
Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM
UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop,
but if they do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Several factors could be driving the decoupling of house prices andI was pointing out a relationship that has alwaysYou've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their
highest level in TWENTY-THREE YEARS! Add to that
that home prices are up FORTY PERCENT in just THREE
YEARS!! This is a rate of housing inflation that is
at a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates
HAVE NOT dropped, Fool, they are on their way to
TRIPLING.
existed.
When interest rates go up, house sales decline and prices
decline or at least flatten out.
When interest rates come down, housing sales increase and
prices go up.
This is not new.
Your overly simplistic reasoning is not borne out by the
facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Tommy’s just not good with financial information.the homeownership rate. From the housing supply side, thereExcept I never said that this (the subject YOU brought up:
is a trend toward decreased construction of starter and
mid-size housing units. Developers have increased the
construction of large single-family homes at the expense of
other segments in the market. This limited supply,
particularly for starter homes, could result in increased
prices for those homes and fewer new homeowners.
"They can wait for interest rates to drop, but if they do
home prices will skyrocket") was the only factor.
You tried to make it seem like housing prices rising when
interest rates drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep
rising.
Oh, look: wrong again, because you didn't bother to check the
facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at
$479,500...
...and since then (Q2 2023), the median price has dropped to
$416,100...
...a decline of a little more than 13%
Case in point, US homeownership is 66%, with 38% of these being
mortgage-free, which means just (.66*(1-.38)) = 41% of households
have a home mortgage, not 75%.
-hh
LOL! That 75% is the percentage of the public that give Lyin' Biden
an F on the ECONOMY, you idiot, NOT those with a home mortgage as you
said. Unaffordability of housing is a MAJOR reason why Americans are
FED UP with the senile pervert: https://www.bankrate.com/homeownership/home-ownership-statistics/
"High inflation is the No. 1 reason that Americans across regions,
age, race and income aren’t feeling financially secure, according to Bankrate’s Financial Freedom Survey. Housing is a key component in inflation. The shelter category, which includes housing costs,
consistently has been the largest contributor to the Consumer Price
Index’s monthly all-items increase for the past several months."
On Sunday, October 22, 2023 at 7:11:01 PM UTC-7, -hh wrote:
On Sunday, October 22, 2023 at 10:00:37 PM UTC-4, Tommy wrote:
On Sunday, October 22, 2023 at 11:14:55 AM UTC-7, -hh wrote:
On Sunday, October 22, 2023 at 1:21:32 PM UTC-4, Tommy wrote:
On Tuesday, October 10, 2023 at 9:08:18 AM UTC-7, -hh wrote:
On Tuesday, October 10, 2023 at 12:02:28 PM UTC-4, Alan wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:How is this different than any other time, Sunshine? >>>>>>>>>
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM UTC-7, Alan
wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but if they
do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Except I never said that this (the subject YOU brought up: "They canI was pointing out a relationship that has always existed. >>>>You've failed to answer the question.What do you think?Sorry.
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their highest level
in TWENTY-THREE YEARS! Add to that that home prices are up
FORTY PERCENT in just THREE YEARS!! This is a rate of housing
inflation that is at a historical high. Thank you, Lyin' >>>>>>> Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE NOT
dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices decline
or at least flatten out.
When interest rates come down, housing sales increase and prices go
up.
This is not new.
Your overly simplistic reasoning is not borne out by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices and
the homeownership rate. From the housing supply side, there is a
trend toward decreased construction of starter and mid-size housing
units. Developers have increased the construction of large >>> single-family homes at the expense of other segments in the market.
This limited supply, particularly for starter homes, could result in
increased prices for those homes and fewer new homeowners. >>>
wait for interest rates to drop, but if they do home prices will
skyrocket") was the only factor.
You tried to make it seem like housing prices rising when interest rates
drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep rising.
Oh, look: wrong again, because you didn't bother to check the facts
before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to $416,100...
...a decline of a little more than 13%
Tommy’s just not good with financial information.
Case in point, US homeownership is 66%, with 38% of these being mortgage-free,
which means just (.66*(1-.38)) = 41% of households have a home mortgage, not 75%.
LOL! That 75% is the percentage of the public that give Lyin' Biden an F on the ECONOMY,
you idiot, NOT those with a home mortgage as you said.
First, your " SEVENTY-FIVE PERCENT" that you've claimed is utterly unsubstantiated.
LOL! This is COMMON KNOWLEDGE, Lyin' Asshole - the senile pervert has his
WORST NUMBERS for handling of the economy, and YOU KNOW IT!!!!
Still unsubstantiated… cry harder!
Unaffordability of housing is a MAJOR reason why Americans are FED UP with the senile pervert:
https://www.bankrate.com/homeownership/home-ownership-statistics/
Which states that "... homeownership...peaked in 2005 when well over two-thirds of
American housing units were “owner-occupied”....This homeownership rate then began
to sink, down to 63.1 percent in 2020 — its lowest level in five decades."
The start of the decline from the 2005 peak happened under Bush (Republican). And the
bottom in 2020 was Trump (Republican, again), despite his claims of a 'roaring' economy.
Again, you IDIOT, the situation is now UNBEARABLE for most prospective new home buyers
they simply CAN'T AFFORD they 20% down payment PLUS the EIGHT PERCENT mortgage payment.
As has been already noted, average new home buyer only puts down 7%.
And repeat buyers aren’t at 20% either: their average is just 17% down.
As such, you’re protesting an objectively non-majority hypothetical scenario.
"High inflation is the No. 1 reason that Americans across regions, age, race and income
aren’t feeling financially secure, according to Bankrate’s Financial Freedom Survey.
Housing is a key component in inflation. The shelter category, which includes housing costs,
consistently has been the largest contributor to the Consumer Price Index’s monthly all-items
increase for the past several months."
Except if if one actually goes to that cited survey, one finds that it says:
"About 2 in 5 each blamed insufficient retirement funds (41 percent) and emergency funds
(42 percent) as factors keeping them from feeling financially secure. More than 1 in 4 blamed
high or revolving debt (26 percent) and renting instead of owning or housing affordability (25 percent)."
In other words, that survey's respondents put housing costs down at 4th place.
In your WET DREAMS, idiot. Housing is something you need NOW, not in 40 years.
Sorry, but it’s derived from *your own choice of citation* that is disagreeing with you.
Just because housing may have _traditionally_ been a major contributor in the past does not
constitute proof that it currently was this time too. Case in point, continuing on that referenced cite:
"Items among those with the most rapid price growth in 2022 included food at elementary
and secondary schools (prices jumped 305%), eggs (59.9%), margarine (43.8%), fuel oil (41.5%)
and airline fares (28.5%). Some of these prices ballooned for reasons beyond broad pandemic-era
inflationary factors such as snarled supply chains, pent-up consumer demand, household cash
infusions, labor shortages and war in Ukraine."
<https://www.cnbc.com/2023/01/12/heres-the-inflation-breakdown-for-december-2022-in-one-chart.html#>
Are you REALLY this STUPID, you IDIOT? Lyin' Biden gets BLAMED for EVERYTHING in your list, as he SHOULD!!!!!
Despite the fact that the majority of the stimulus money which caused the post-pandemic
inflation was signed off by none other than your bully boy, Trump.
BTW, I don't think that the average consumer puts the price of EGGS or MARGARINE above the cost of housing.
Doesn’t matter, because that’s what your own choice of citation says. Maybe you should learn more about a topic before flapping your lips.
No, it is YOU that needs to learn the basic economic facts, Lyin' Asshole: https://www.wsj.com/economy/housing/theres-never-been-a-worse-time-to-buy-instead-of-rent-bd3e80d9?mod=hp_lead_pos7
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan
wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan
wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM
UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but
if they do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Oh, look: wrong again, because you didn't bother to check theExcept I never said that this (the subject YOU brought up:I was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their
highest level in TWENTY-THREE YEARS! Add to that that
home prices are up FORTY PERCENT in just THREE
YEARS!! This is a rate of housing inflation that is
at a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE
NOT dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices
decline or at least flatten out.
When interest rates come down, housing sales increase and
prices go up.
This is not new.
Your overly simplistic reasoning is not borne out by the
facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices
and
the homeownership rate. From the housing supply side, there
is a trend toward decreased construction of starter and
mid-size housing units. Developers have increased the
construction of large single-family homes at the expense of
other segments in the market. This limited supply,
particularly for starter homes, could result in increased
prices for those homes and fewer new homeowners.
"They can wait for interest rates to drop, but if they do home
prices will skyrocket") was the only factor.
You tried to make it seem like housing prices rising when
interest rates drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep
rising.
facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to
$416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have RISEN under
Lyin' Biden, which is UNDENIABLE. The average price data is also
subject to the mix of sales of high end homes vs starter homes. The
bottom line is that inflation has driven up the costs of EVERYTHING
going into building a home, which translates into higher prices. And
the senile pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the idiot FUCKS
UP!).
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote:
On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan
wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan
wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM
UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but
if they do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Sunshine....Oh, look: wrong again, because you didn't bother to check theExcept I never said that this (the subject YOU brought up:I was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their
highest level in TWENTY-THREE YEARS! Add to that that
home prices are up FORTY PERCENT in just THREE
YEARS!! This is a rate of housing inflation that is
at a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE
NOT dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices
decline or at least flatten out.
When interest rates come down, housing sales increase and
prices go up.
This is not new.
Your overly simplistic reasoning is not borne out by the
facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices
and
the homeownership rate. From the housing supply side, there
is a trend toward decreased construction of starter and
mid-size housing units. Developers have increased the
construction of large single-family homes at the expense of
other segments in the market. This limited supply,
particularly for starter homes, could result in increased
prices for those homes and fewer new homeowners.
"They can wait for interest rates to drop, but if they do home
prices will skyrocket") was the only factor.
You tried to make it seem like housing prices rising when
interest rates drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep
rising.
facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to
$416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have RISEN under
Lyin' Biden, which is UNDENIABLE. The average price data is also
subject to the mix of sales of high end homes vs starter homes. The
bottom line is that inflation has driven up the costs of EVERYTHING
going into building a home, which translates into higher prices. And
the senile pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the idiot FUCKS
UP!).
You said:
"home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they peaked in
Q4 2022.
Right: year-over-year existing home prices are UP: https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan
wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan
wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM
UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but
if they do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Oh, look: wrong again, because you didn't bother to check theExcept I never said that this (the subject YOU brought up:I was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their
highest level in TWENTY-THREE YEARS! Add to that that
home prices are up FORTY PERCENT in just THREE
YEARS!! This is a rate of housing inflation that is
at a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE
NOT dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices
decline or at least flatten out.
When interest rates come down, housing sales increase and
prices go up.
This is not new.
Your overly simplistic reasoning is not borne out by the
facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices
and
the homeownership rate. From the housing supply side, there
is a trend toward decreased construction of starter and
mid-size housing units. Developers have increased the
construction of large single-family homes at the expense of
other segments in the market. This limited supply,
particularly for starter homes, could result in increased
prices for those homes and fewer new homeowners.
"They can wait for interest rates to drop, but if they do home
prices will skyrocket") was the only factor.
You tried to make it seem like housing prices rising when
interest rates drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep
rising.
facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to
$416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have RISEN under Lyin' Biden, which is UNDENIABLE. The average price data is alsoSunshine....
subject to the mix of sales of high end homes vs starter homes. The
bottom line is that inflation has driven up the costs of EVERYTHING
going into building a home, which translates into higher prices. And
the senile pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the idiot FUCKS
UP!).
You said:
"home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they peaked in
Q4 2022.
On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote:
On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote: >>>>>>>> On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan
wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan >>>>>>>>>>> wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM
UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but >>>>>>>>>>>>>>> if they do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Oh, look: wrong again, because you didn't bother to check theExcept I never said that this (the subject YOU brought up:I was pointing out a relationship that has always existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their
highest level in TWENTY-THREE YEARS! Add to that that >>>>>>>>>>> home prices are up FORTY PERCENT in just THREE
YEARS!! This is a rate of housing inflation that is
at a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE
NOT dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices
decline or at least flatten out.
When interest rates come down, housing sales increase and
prices go up.
This is not new.
Your overly simplistic reasoning is not borne out by the
facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices >>>>>>> and
the homeownership rate. From the housing supply side, there
is a trend toward decreased construction of starter and
mid-size housing units. Developers have increased the
construction of large single-family homes at the expense of
other segments in the market. This limited supply,
particularly for starter homes, could result in increased
prices for those homes and fewer new homeowners.
"They can wait for interest rates to drop, but if they do home
prices will skyrocket") was the only factor.
You tried to make it seem like housing prices rising when
interest rates drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep
rising.
facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500...
...and since then (Q2 2023), the median price has dropped to
$416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have RISEN under >>> Lyin' Biden, which is UNDENIABLE. The average price data is also
subject to the mix of sales of high end homes vs starter homes. The
bottom line is that inflation has driven up the costs of EVERYTHING
going into building a home, which translates into higher prices. And
the senile pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the idiot FUCKS
UP!).
Sunshine....
You said:
"home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they peaked in >> Q4 2022.
Right: year-over-year existing home prices are UP: https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?
On Wednesday, October 25, 2023 at 3:39:53 AM UTC-7, -hh wrote:How is this different than any other time, Sunshine?
On Wednesday, October 25, 2023 at 1:03:58 AM UTC-4, Alan wrote:
On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote:
On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan
wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan
wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7,
Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM
UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM
UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at
7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to
drop, but if they do home prices
will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Several factors could be driving the decoupling of house pricesI was pointing out a relationship that has alwaysYou've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at
their highest level in TWENTY-THREE YEARS!
Add to that that home prices are up FORTY
PERCENT in just THREE YEARS!! This is a
rate of housing inflation that is at a
historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices
rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest
rates HAVE NOT dropped, Fool, they are on their
way to TRIPLING.
existed.
When interest rates go up, house sales decline
and prices decline or at least flatten out.
When interest rates come down, housing sales
increase and prices go up.
This is not new.
Your overly simplistic reasoning is not borne out
by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Particularly since his OP a subject line is (emphasis added): “NEWOh, look: wrong again, because you didn't bother to checkand the homeownership rate. From the housing supplyExcept I never said that this (the subject YOU
side, there is a trend toward decreased
construction of starter and mid-size housing units.
Developers have increased the construction of large
single-family homes at the expense of other
segments in the market. This limited supply,
particularly for starter homes, could result in
increased prices for those homes and fewer new
homeowners.
brought up: "They can wait for interest rates to
drop, but if they do home prices will skyrocket") was
the only factor.
You tried to make it seem like housing prices rising
when interest rates drop was something special to
this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest
rates keep rising.
the facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at
$479,500...
...and since then (Q2 2023), the median price has dropped
to $416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have
RISEN under Lyin' Biden, which is UNDENIABLE. The average
price data is also subject to the mix of sales of high end
homes vs starter homes. The bottom line is that inflation
has driven up the costs of EVERYTHING going into building a
home, which translates into higher prices. And the senile
pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the
idiot FUCKS UP!).
Sunshine.... You said: "home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they
peaked in Q4 2022.
Right: year-over-year existing home prices are UP:
https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?
home buyers…”
“Tommy keeps on showing everyone that he really is profoundly bad
at even _basic_ financial principles!”
-hh
LOL! Here is a challenge to you libtards: figure the TOTAL cost,
including ALL interest, of buying the average US home under Trump (3%
30 year fixed) vs Biden (8%).
On Wednesday, October 25, 2023 at 1:03:58 AM UTC-4, Alan wrote:
On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote:
On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan wrote:How is this different than any other time, Sunshine?
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan wrote: >>>>>> On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, Alan wrote: >>>>>>>> On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM UTC-7, Alan >>>>>>>>> wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM UTC-7, Alan >>>>>>>>>>> wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at 7:36:56 PM >>>>>>>>>>>>> UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to drop, but >>>>>>>>>>>>>>> if they do home prices will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Oh, look: wrong again, because you didn't bother to check theExcept I never said that this (the subject YOU brought up:I was pointing out a relationship that has always existed. >>>>>>>>You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at their
highest level in TWENTY-THREE YEARS! Add to that that >>>>>>>>>>> home prices are up FORTY PERCENT in just THREE
YEARS!! This is a rate of housing inflation that is >>>>>>>>>>> at a historical high. Thank you, Lyin' Biden!!!!
When interest rates drop, housing prices rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest rates HAVE >>>>>>>>> NOT dropped, Fool, they are on their way to TRIPLING.
When interest rates go up, house sales decline and prices >>>>>>>> decline or at least flatten out.
When interest rates come down, housing sales increase and >>>>>>>> prices go up.
This is not new.
Your overly simplistic reasoning is not borne out by the
facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Several factors could be driving the decoupling of house prices >>>>>>> and
the homeownership rate. From the housing supply side, there >>>>>>> is a trend toward decreased construction of starter and
mid-size housing units. Developers have increased the
construction of large single-family homes at the expense of >>>>>>> other segments in the market. This limited supply,
particularly for starter homes, could result in increased
prices for those homes and fewer new homeowners.
"They can wait for interest rates to drop, but if they do home >>>>>> prices will skyrocket") was the only factor.
You tried to make it seem like housing prices rising when
interest rates drop was something special to this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest rates keep
rising.
facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at $479,500... >>>>
...and since then (Q2 2023), the median price has dropped to
$416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have RISEN under >>> Lyin' Biden, which is UNDENIABLE. The average price data is also
subject to the mix of sales of high end homes vs starter homes. The >>> bottom line is that inflation has driven up the costs of EVERYTHING >>> going into building a home, which translates into higher prices. And >>> the senile pervert is DIRECTLY responsible for inflation (except in >>> your warped minds, who must apologize for everything the idiot FUCKS >>> UP!).
Sunshine....
You said:
"home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they peaked in >> Q4 2022.
Right: year-over-year existing home prices are UP: https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?Particularly since his OP a subject line is (emphasis added): “NEW home buyers…”
“Tommy keeps on showing everyone that he really is profoundly bad at even _basic_ financial principles!”
-hh
On 2023-10-25 14:42, Tommy wrote:
On Wednesday, October 25, 2023 at 3:39:53 AM UTC-7, -hh wrote:How is this different than any other time, Sunshine?
On Wednesday, October 25, 2023 at 1:03:58 AM UTC-4, Alan wrote:
On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote:
On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan
wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan
wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7,
Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM
UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM
UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at
7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to
drop, but if they do home prices
will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Several factors could be driving the decoupling of house pricesI was pointing out a relationship that has alwaysYou've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at
their highest level in TWENTY-THREE YEARS!
Add to that that home prices are up FORTY
PERCENT in just THREE YEARS!! This is a
rate of housing inflation that is at a
historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices
rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest
rates HAVE NOT dropped, Fool, they are on their
way to TRIPLING.
existed.
When interest rates go up, house sales decline
and prices decline or at least flatten out.
When interest rates come down, housing sales
increase and prices go up.
This is not new.
Your overly simplistic reasoning is not borne out
by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Particularly since his OP a subject line is (emphasis added): “NEWOh, look: wrong again, because you didn't bother to checkand the homeownership rate. From the housing supplyExcept I never said that this (the subject YOU
side, there is a trend toward decreased
construction of starter and mid-size housing units.
Developers have increased the construction of large
single-family homes at the expense of other
segments in the market. This limited supply,
particularly for starter homes, could result in
increased prices for those homes and fewer new
homeowners.
brought up: "They can wait for interest rates to
drop, but if they do home prices will skyrocket") was
the only factor.
You tried to make it seem like housing prices rising
when interest rates drop was something special to
this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest
rates keep rising.
the facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at
$479,500...
...and since then (Q2 2023), the median price has dropped
to $416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have
RISEN under Lyin' Biden, which is UNDENIABLE. The average
price data is also subject to the mix of sales of high end
homes vs starter homes. The bottom line is that inflation
has driven up the costs of EVERYTHING going into building a
home, which translates into higher prices. And the senile
pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the
idiot FUCKS UP!).
Sunshine.... You said: "home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they
peaked in Q4 2022.
Right: year-over-year existing home prices are UP:
https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?
home buyers…”
“Tommy keeps on showing everyone that he really is profoundly bad
at even _basic_ financial principles!”
-hh
LOL! Here is a challenge to you libtards: figure the TOTAL cost,Before anyone does that, please show us you understand why the median is
including ALL interest, of buying the average US home under Trump (3%
30 year fixed) vs Biden (8%).
a better yardstick when the discussion (as chosen by you) is "new home buyers".
On Wednesday, October 25, 2023 at 2:48:03 PM UTC-7, Alan wrote:
On 2023-10-25 14:42, Tommy wrote:
On Wednesday, October 25, 2023 at 3:39:53 AM UTC-7, -hh wrote:How is this different than any other time, Sunshine?
On Wednesday, October 25, 2023 at 1:03:58 AM UTC-4, Alan wrote:
On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote:
On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan
wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan
wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7,
Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM
UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM
UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at
7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to
drop, but if they do home prices
will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Several factors could be driving the decoupling of house pricesI was pointing out a relationship that has alwaysYou've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at
their highest level in TWENTY-THREE YEARS!
Add to that that home prices are up FORTY
PERCENT in just THREE YEARS!! This is a
rate of housing inflation that is at a
historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices
rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest
rates HAVE NOT dropped, Fool, they are on their
way to TRIPLING.
existed.
When interest rates go up, house sales decline
and prices decline or at least flatten out.
When interest rates come down, housing sales
increase and prices go up.
This is not new.
Your overly simplistic reasoning is not borne out
by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Particularly since his OP a subject line is (emphasis added): “NEWOh, look: wrong again, because you didn't bother to checkand the homeownership rate. From the housing supplyExcept I never said that this (the subject YOU
side, there is a trend toward decreased
construction of starter and mid-size housing units.
Developers have increased the construction of large
single-family homes at the expense of other
segments in the market. This limited supply,
particularly for starter homes, could result in
increased prices for those homes and fewer new
homeowners.
brought up: "They can wait for interest rates to
drop, but if they do home prices will skyrocket") was
the only factor.
You tried to make it seem like housing prices rising
when interest rates drop was something special to
this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest
rates keep rising.
the facts before posting!
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at
$479,500...
...and since then (Q2 2023), the median price has dropped
to $416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have
RISEN under Lyin' Biden, which is UNDENIABLE. The average
price data is also subject to the mix of sales of high end
homes vs starter homes. The bottom line is that inflation
has driven up the costs of EVERYTHING going into building a
home, which translates into higher prices. And the senile
pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the
idiot FUCKS UP!).
Sunshine.... You said: "home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they
peaked in Q4 2022.
Right: year-over-year existing home prices are UP:
https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?
home buyers…”
“Tommy keeps on showing everyone that he really is profoundly bad
at even _basic_ financial principles!”
LOL! Here is a challenge to you libtards: figure the TOTAL cost, including ALL interest, of buying the average US home under Trump (3%
30 year fixed) vs Biden (8%).
Before anyone does that, please show us you understand why the median is
a better yardstick when the discussion (as chosen by you) is "new home buyers".
Median is not affected by high-priced homes as much as the average - now it's your turn, Fool.
On Friday, October 27, 2023 at 11:32:31 AM UTC-4, Tommy wrote:
On Wednesday, October 25, 2023 at 2:48:03 PM UTC-7, Alan wrote:
On 2023-10-25 14:42, Tommy wrote:
On Wednesday, October 25, 2023 at 3:39:53 AM UTC-7, -hh wrote:How is this different than any other time, Sunshine?
On Wednesday, October 25, 2023 at 1:03:58 AM UTC-4, Alan wrote:
On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote: >>>>> On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan
wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan >>>>>>>> wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7,
Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM
UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM
UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at
7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to >>>>>>>>>>>>>>>>>> drop, but if they do home prices
will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Several factors could be driving the decoupling of house prices >>>>>>>>>> and the homeownership rate. From the housing supply >>>>>>>>>> side, there is a trend toward decreasedI was pointing out a relationship that has always >>>>>>>>>>> existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at
their highest level in TWENTY-THREE YEARS!
Add to that that home prices are up FORTY
PERCENT in just THREE YEARS!! This is a
rate of housing inflation that is at a
historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices
rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest
rates HAVE NOT dropped, Fool, they are on their >>>>>>>>>>>> way to TRIPLING.
When interest rates go up, house sales decline
and prices decline or at least flatten out.
When interest rates come down, housing sales
increase and prices go up.
This is not new.
Your overly simplistic reasoning is not borne out
by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Particularly since his OP a subject line is (emphasis added): “NEW >> home buyers…”Oh, look: wrong again, because you didn't bother to check >>>>>>> the facts before posting!construction of starter and mid-size housing units. >>>>>>>>>> Developers have increased the construction of large >>>>>>>>>> single-family homes at the expense of otherExcept I never said that this (the subject YOU
segments in the market. This limited supply,
particularly for starter homes, could result in
increased prices for those homes and fewer new
homeowners.
brought up: "They can wait for interest rates to
drop, but if they do home prices will skyrocket") was >>>>>>>>> the only factor.
You tried to make it seem like housing prices rising
when interest rates drop was something special to
this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest
rates keep rising.
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at
$479,500...
...and since then (Q2 2023), the median price has dropped >>>>>>> to $416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have
RISEN under Lyin' Biden, which is UNDENIABLE. The average
price data is also subject to the mix of sales of high end
homes vs starter homes. The bottom line is that inflation
has driven up the costs of EVERYTHING going into building a >>>>>> home, which translates into higher prices. And the senile
pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the
idiot FUCKS UP!).
Sunshine.... You said: "home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they >>>>> peaked in Q4 2022.
Right: year-over-year existing home prices are UP:
https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?
“Tommy keeps on showing everyone that he really is profoundly bad >> at even _basic_ financial principles!”
LOL! Here is a challenge to you libtards: figure the TOTAL cost, including ALL interest, of buying the average US home under Trump (3% 30 year fixed) vs Biden (8%).
Before anyone does that, please show us you understand why the median is a better yardstick when the discussion (as chosen by you) is "new home buyers".
Median is not affected by high-priced homes as much as the average - now it's your turn, Fool.For just what, precisely? Because Tommy just made Alan’s point for him.
So would it be for debunking Tommy’s “20% down” claim for first time homebuyers?
Because the average there is just 6%, as per:
< https://www.bankrate.com/mortgages/down-payment-for-first-time-homebuyers/>
Similarly, are the prices of the homes being purchased by first time homebuyers
closer to the Median or Average? Here’s the relevant data there:
“ The National Association of Realtors (NAR) reported that the median price of
homes purchased by first-time homebuyers was $215,000 in 2019.”
< https://www.thebalancemoney.com/average-price-of-starter-home-4172916>
And this is before noting that the reason why mortgage rates under Trump dropped
down to 3% was because of CoVid, as illustrated by that market bottom occurring in
late 2020/Jan 2021: if one goes back to earlier in Trump’s administration to 2018
(Since the economy was already slowing prior to CoVid with the manufacturing segment
slipped into a technical recession in 2019), his 30yr mortgage rate was at 4.54%.
Thus, it’s not hard at all to see that the raw 3% vs 4.54% mortgage rate cost difference
per $200K on a 30yr is $843 vs $1018 = +$175/month (+21%): just this one accounting
slight-of-hand cherry-picking attempt by Tommy is most of his claimed increase in costs.
-hh
On Friday, October 27, 2023 at 10:32:04 AM UTC-7, -hh wrote:
On Friday, October 27, 2023 at 11:32:31 AM UTC-4, Tommy wrote:
On Wednesday, October 25, 2023 at 2:48:03 PM UTC-7, Alan wrote:
On 2023-10-25 14:42, Tommy wrote:
On Wednesday, October 25, 2023 at 3:39:53 AM UTC-7, -hh wrote:How is this different than any other time, Sunshine?
On Wednesday, October 25, 2023 at 1:03:58 AM UTC-4, Alan wrote: >>> On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote: >>>>> On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan
wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan >>>>>>>> wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, >>>>>>>>>> Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM
UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM >>>>>>>>>>>>>> UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at
7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote:
They can wait for interest rates to >>>>>>>>>>>>>>>>>> drop, but if they do home prices
will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Several factors could be driving the decoupling of house prices >>>>>>>>>> and the homeownership rate. From the housing supply >>>>>>>>>> side, there is a trend toward decreasedI was pointing out a relationship that has always >>>>>>>>>>> existed.You've failed to answer the question.Sorry.
What do you think?
Answer my question before you ask one.
Well, that is EASY: mortgage rates are at >>>>>>>>>>>>>> their highest level in TWENTY-THREE YEARS! >>>>>>>>>>>>>> Add to that that home prices are up FORTY >>>>>>>>>>>>>> PERCENT in just THREE YEARS!! This is a
rate of housing inflation that is at a
historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices
rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest >>>>>>>>>>>> rates HAVE NOT dropped, Fool, they are on their >>>>>>>>>>>> way to TRIPLING.
When interest rates go up, house sales decline
and prices decline or at least flatten out.
When interest rates come down, housing sales
increase and prices go up.
This is not new.
Your overly simplistic reasoning is not borne out >>>>>>>>>> by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Particularly since his OP a subject line is (emphasis added): “NEWOh, look: wrong again, because you didn't bother to check >>>>>>> the facts before posting!construction of starter and mid-size housing units. >>>>>>>>>> Developers have increased the construction of large >>>>>>>>>> single-family homes at the expense of otherExcept I never said that this (the subject YOU
segments in the market. This limited supply,
particularly for starter homes, could result in
increased prices for those homes and fewer new
homeowners.
brought up: "They can wait for interest rates to
drop, but if they do home prices will skyrocket") was >>>>>>>>> the only factor.
You tried to make it seem like housing prices rising >>>>>>>>> when interest rates drop was something special to
this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest
rates keep rising.
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at
$479,500...
...and since then (Q2 2023), the median price has dropped >>>>>>> to $416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have >>>>>> RISEN under Lyin' Biden, which is UNDENIABLE. The average >>>>>> price data is also subject to the mix of sales of high end >>>>>> homes vs starter homes. The bottom line is that inflation >>>>>> has driven up the costs of EVERYTHING going into building a >>>>>> home, which translates into higher prices. And the senile >>>>>> pervert is DIRECTLY responsible for inflation (except in
your warped minds, who must apologize for everything the
idiot FUCKS UP!).
Sunshine.... You said: "home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they >>>>> peaked in Q4 2022.
Right: year-over-year existing home prices are UP:
https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?
home buyers…”
“Tommy keeps on showing everyone that he really is profoundly bad >> at even _basic_ financial principles!”
LOL! Here is a challenge to you libtards: figure the TOTAL cost, including ALL interest, of buying the average US home under Trump (3%
30 year fixed) vs Biden (8%).
Before anyone does that, please show us you understand why the median is
a better yardstick when the discussion (as chosen by you) is "new home buyers".
Median is not affected by high-priced homes as much as the average - now it's your turn, Fool.For just what, precisely? Because Tommy just made Alan’s point for him.
So would it be for debunking Tommy’s “20% down” claim for first time homebuyers?
Because the average there is just 6%, as per:
< https://www.bankrate.com/mortgages/down-payment-for-first-time-homebuyers/>
Similarly, are the prices of the homes being purchased by first time homebuyers
closer to the Median or Average? Here’s the relevant data there:
“ The National Association of Realtors (NAR) reported that the median price of
homes purchased by first-time homebuyers was $215,000 in 2019.”
< https://www.thebalancemoney.com/average-price-of-starter-home-4172916>
And this is before noting that the reason why mortgage rates under Trump dropped
down to 3% was because of CoVid, as illustrated by that market bottom occurring in
late 2020/Jan 2021: if one goes back to earlier in Trump’s administration to 2018
(Since the economy was already slowing prior to CoVid with the manufacturing segment
slipped into a technical recession in 2019), his 30yr mortgage rate was at 4.54%.
Thus, it’s not hard at all to see that the raw 3% vs 4.54% mortgage rate cost difference
per $200K on a 30yr is $843 vs $1018 = +$175/month (+21%): just this one accounting
slight-of-hand cherry-picking attempt by Tommy is most of his claimed increase in costs.
Not sure exactly what point the Fool was trying to make, ..
At the end of Trump's term …
On Friday, October 27, 2023 at 6:59:25 PM UTC-4, Tommy wrote:
On Friday, October 27, 2023 at 10:32:04 AM UTC-7, -hh wrote:
On Friday, October 27, 2023 at 11:32:31 AM UTC-4, Tommy wrote:
On Wednesday, October 25, 2023 at 2:48:03 PM UTC-7, Alan wrote:
On 2023-10-25 14:42, Tommy wrote:
On Wednesday, October 25, 2023 at 3:39:53 AM UTC-7, -hh wrote:How is this different than any other time, Sunshine? >>>>>>>>>>>>>>>>
On Wednesday, October 25, 2023 at 1:03:58 AM UTC-4, Alan wrote: >>> On 2023-10-24 21:58, Tommy wrote:
On Monday, October 23, 2023 at 9:43:07 AM UTC-7, Alan wrote: >>>>> On 2023-10-22 10:03, Tommy wrote:
On Tuesday, October 10, 2023 at 9:02:28 AM UTC-7, Alan >>>>>> wrote:
On 2023-10-09 17:18, Tommy wrote:
On Saturday, October 7, 2023 at 1:19:52 PM UTC-7, Alan >>>>>>>> wrote:
On 2023-10-07 09:19, Tommy wrote:
On Friday, October 6, 2023 at 8:14:49 PM UTC-7, >>>>>>>>>> Alan wrote:
On 2023-10-06 19:53, Tommy wrote:
On Friday, October 6, 2023 at 11:30:30 AM >>>>>>>>>>>> UTC-7, Alan wrote:
On 2023-10-06 10:55, Tommy wrote:
On Friday, October 6, 2023 at 9:10:04 AM >>>>>>>>>>>>>> UTC-7, Alan wrote:
On 2023-10-06 08:33, Tommy wrote:
On Saturday, September 30, 2023 at
7:36:56 PM UTC-7, Alan wrote:
On 2023-09-30 19:32, Tommy wrote: >>>>>>>>>>>>>>>>>> They can wait for interest rates to >>>>>>>>>>>>>>>>>> drop, but if they do home prices >>>>>>>>>>>>>>>>>> will skyrocket:
https://www.msn.com/en-us/money/realestate/barbara-corcoran-says-housing-prices-are-going-to-go-through-the-roof-here-s-when/ar-AA1cbCcI?ocid=hpmsn&cvid=60b4b9d1efe04a1dac1081dcc65bb378&ei=10
Several factors could be driving the decoupling of house prices >>>>>>>>>> and the homeownership rate. From the housing supply >>>>>>>>>> side, there is a trend toward decreasedI was pointing out a relationship that has always >>>>>>>>>>> existed.You've failed to answer the question.Well, that is EASY: mortgage rates are at >>>>>>>>>>>>>> their highest level in TWENTY-THREE YEARS! >>>>>>>>>>>>>> Add to that that home prices are up FORTY >>>>>>>>>>>>>> PERCENT in just THREE YEARS!! This is a >>>>>>>>>>>>>> rate of housing inflation that is at aWhat do you think?Sorry.
Answer my question before you ask one. >>>>>>>>>>>>>>
historical high. Thank you, Lyin'
Biden!!!!
When interest rates drop, housing prices
rise.
That's always been the case.
So how is this time DIFFERENT?
Are you REALLY this stupid? REALLY?? Interest >>>>>>>>>>>> rates HAVE NOT dropped, Fool, they are on their >>>>>>>>>>>> way to TRIPLING.
When interest rates go up, house sales decline >>>>>>>>>>> and prices decline or at least flatten out.
When interest rates come down, housing sales
increase and prices go up.
This is not new.
Your overly simplistic reasoning is not borne out >>>>>>>>>> by the facts
(https://fredblog.stlouisfed.org/2018/03/a-housing-recovery-without-homeowners/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog):
Particularly since his OP a subject line is (emphasis added): “NEWOh, look: wrong again, because you didn't bother to check >>>>>>> the facts before posting!construction of starter and mid-size housing units. >>>>>>>>>> Developers have increased the construction of large >>>>>>>>>> single-family homes at the expense of otherExcept I never said that this (the subject YOU
segments in the market. This limited supply,
particularly for starter homes, could result in >>>>>>>>>> increased prices for those homes and fewer new
homeowners.
brought up: "They can wait for interest rates to
drop, but if they do home prices will skyrocket") was >>>>>>>>> the only factor.
You tried to make it seem like housing prices rising >>>>>>>>> when interest rates drop was something special to >>>>>>>>> this era.
It's not, Sunshine.
Sorry.
Hey Fool, home prices AREN'T dropping, but interest >>>>>>>> rates keep rising.
<https://fred.stlouisfed.org/series/MSPUS>
The median price for houses sold peaked in Q4 2022 at >>>>>>> $479,500...
...and since then (Q2 2023), the median price has dropped >>>>>>> to $416,100...
...a decline of a little more than 13%
What is relevant, of course, is HOW MUCH home prices have >>>>>> RISEN under Lyin' Biden, which is UNDENIABLE. The average >>>>>> price data is also subject to the mix of sales of high end >>>>>> homes vs starter homes. The bottom line is that inflation >>>>>> has driven up the costs of EVERYTHING going into building a >>>>>> home, which translates into higher prices. And the senile >>>>>> pervert is DIRECTLY responsible for inflation (except in >>>>>> your warped minds, who must apologize for everything the >>>>>> idiot FUCKS UP!).
Sunshine.... You said: "home prices AREN'T dropping"
...agreed?
Well it turns out they ARE dropping, and have been since they >>>>> peaked in Q4 2022.
Right: year-over-year existing home prices are UP:
https://cdn.nar.realtor//sites/default/files/documents/ehs-09-2023-average-price-2023-10-19.pdf?_gl=1*j2l892*_gcl_au*NzUzMDc2OTEwLjE2OTc5OTM3ODM.
That's MEAN, not median.
Do you even understand the difference, Sunshine?
home buyers…”
“Tommy keeps on showing everyone that he really is profoundly bad
at even _basic_ financial principles!”
LOL! Here is a challenge to you libtards: figure the TOTAL cost, including ALL interest, of buying the average US home under Trump (3%
30 year fixed) vs Biden (8%).
Before anyone does that, please show us you understand why the median is
a better yardstick when the discussion (as chosen by you) is "new home
buyers".
Median is not affected by high-priced homes as much as the average - now it's your turn, Fool.For just what, precisely? Because Tommy just made Alan’s point for him.
So would it be for debunking Tommy’s “20% down” claim for first time homebuyers?
Because the average there is just 6%, as per:
< https://www.bankrate.com/mortgages/down-payment-for-first-time-homebuyers/>
Similarly, are the prices of the homes being purchased by first time homebuyers
closer to the Median or Average? Here’s the relevant data there:
“ The National Association of Realtors (NAR) reported that the median price of
homes purchased by first-time homebuyers was $215,000 in 2019.”
< https://www.thebalancemoney.com/average-price-of-starter-home-4172916>
And this is before noting that the reason why mortgage rates under Trump dropped
down to 3% was because of CoVid, as illustrated by that market bottom occurring in
late 2020/Jan 2021: if one goes back to earlier in Trump’s administration to 2018
(Since the economy was already slowing prior to CoVid with the manufacturing segment
slipped into a technical recession in 2019), his 30yr mortgage rate was at 4.54%.
Thus, it’s not hard at all to see that the raw 3% vs 4.54% mortgage rate cost difference
per $200K on a 30yr is $843 vs $1018 = +$175/month (+21%): just this one accounting
slight-of-hand cherry-picking attempt by Tommy is most of his claimed increase in costs.
Not sure exactly what point the Fool was trying to make, ..
Merely how you were exaggerating in your partisan “doom!” scheme.
At the end of Trump's term …
Was during CoVid, where there were extraordinary measures being taken to stimulate
the economy, and thus low interest rates .. heck, in the EU, some countries rates
literally went negative.
…which is also why median prices are essentially the same as they were in May 2022:
< https://dqydj.com/historical-home-prices/>
-hh
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