Posted on 11/24/2021 11:10:16 AM PST by Red Badger
LOL! She could have bought that out of petty cash.
Of course it will also crush home prices.
I really doubt she & her inside trading husband want to pay the capital gains on liquidated investments just so they can brag about “paying cash”. But yes their net worth would probably allow the Pelosi’s to own a huge chunk of the Florida Atlantic coastline.
Some succeeded. Many didn't. Lehman Brothers, for example, didn't succeed.
In 1978, car loans were 20% and up and in 1993 when I bought my first house it was 8%.
When the rates start going up, the Real Estate market and the debtor class is going to take a beating, BIG TIME!!
Gold is the Money of Kings
Silver is the Money of gentlemen
Barter is the Money of peasants and
DEBT is the Money of SLAVES
Yep! I've been putting off moving out of my townhome to a small, single level, single family home for the past two years because the real estate market has been crazy.
I can't wait to pay cash for a home that's lost its hyped-up market value and the idiots who over-paid for it can't afford it anymore, and are selling it at a big loss.
About 6-9 months too late for this. Inflation will continue to rise before slowly coming down
I keep forgetting the US mortgage market is different from Canada.
Tough. It is time to quit giving money away. Should have never gone below 6%.
I would not worry too much though.
Raising rates enough to mean enough would break the already busted budget to pieces and put a real damper on give aways.
I can hope.
“Ports of LA and LB see 33% decrease in container backlogs.”
But still 1,000% backlogs due to the mismanagement of transportation by the liberals.
There are still 1,000% backlogs compared to when Trump had things running smoothly.
Yep. She’s bailing from California. Going to live und Desantis’ thumb. I hope he throws her in jail.
Well I’m no fan of central banking which makes me a bit of a Jacksonian. Cheap money is definitely part of the reason we took on massive debts in the USA.
Yhe question is raise to what. They start raising to what it needs to be we are talking 10 to 15% Fed Prime Rate. Then i buy nothing but long bonds.
Show me a credit card company not charging 29.9% already.
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