Posted on 04/22/2025 4:24:47 AM PDT by karpov
The Feds War on MAGA is more like it.
I go with the general rule that whatever the NR editors are pushing is the opposite of how things should be seen.
End the Fed
I’m a fairly young guy and I’m looking to buy a home. I’m waiting for prices to come down but it just seems like people are stubborn with their prices. Where I live, everyone is selling their boats, extra cars, RV’s, go-carts etc. They have them parked in front of their homes or on greenbelts with for sale signs. They can’t afford the gas and maintenance and insurance. They are selling their toys. Unfortunately, the prices on the signs are outrageous. You can’t expect to get your money back in an economy like this. I am hoping people get realistic soon? There are many homes in my neighborhood that are above a million dollars and I don’t think I can afford that. The supply is very high but the rates are bad and people are inflexible at the moment.
Give them a low ball price, cash. They will come down for a boat or car.
PS: If you need the money when you are done you can sell the trailer.
“I’m a fairly young guy and I’m looking to buy a home. I’m waiting for prices to come down but it just seems like people are stubborn with their prices.”
When Mrs. BBB333 & I bought our property and eventually built we paid $3,500 to buy the interest rate Doen from 8.5% to 7%.
Buying the land, design, getting the correct contractor was DIFFICULT!
Nothings easy about the process...
Good luck.
I detest NR, but they are just pointing out the obvious here. Reducing the Federal Funds Rate to 0.1% is pointless when 10-year Treasury bonds are being issued at 4.5% and gold is trading near $3,500/ounce. Investors are losing confidence in the value of the U.S. dollar as a reserve currency. No amount of tinkering by the Federal Reserve is going to change that.
The WSJ and NR are one and the same mouthpiece. They are warmongers and corporatists without shame.
If it doesn’t matter then do it.
Selling your home at a steep discount to a relative who was just evicted from his home for non-payment of rent doesn’t work out in the end for ANYONE involved.
We don’t need interest rates being pushed lower by the Fed, just to benefit borrowers at the expense of savers. Without lower taxes (including tariffs), less regulation, and lawsuit reform, the lower interest rates will produce inflation and punish savers.
That’s good advice. I’ve actually been looking at land around here, the other day I saw a small unremarkable lot in a bad neighborhood and when i scanned the QR code on the sign for the price it was $350,000. I thought, I’m not going to live in the ghetto and worry about crime for a small $350k piece of land. Anyway, thanks for the advice. I’ll keep that in mind
I’m with them on not liking Trump’s on-again/off-again public tariffs negotiations, but the NR studiously ignores and denies the underlying strategy and critical need for the core components of Trump’s policies.
Powell has taken pot-shots at Trump like John Roberts has, and Trump’s retaliatory rhetoric has been about as effective as it has been against Roberts.
I hold to the NR editors being useless and pompous bozos.
BREAKING: 3rd Would-Be Trump Assassin Plotted with Telegram Account Linked to Ukrainian Cell Number — We’ve Identified the Account and Individual It’s Registered To
https://www.thegatewaypundit.com/2025/04/breaking-3rd-would-be-trump-assassin-plotted-telegram/
Trump, unfortunately, has never heard of regime uncertainty.
Make sure there are NO HOAs. We bought a starter 11 years ago, to downsize, for 2 seniors. VA LOAN was 3.2%, paid it off in 6 yrs. Now I wish we’d moved further away from Memphis, and to a bigger lot like an acre.
The problem that creates a tension between Powell and Trump is that they are trying to bail out the ocean with a teaspoon. In other words, $46 trillion or $47 trillion debt accumulating at the rate of $1 trillion every 100 days means that the slightest tremor can knock these two gentlemen off the tight rope where the profligacy of the country has placed them.
If Powell reduces interest enough to stimulate the economy and maintain employment for political reasons, as the Fed did on several recent occasions described as QE, he risks the bond vigilantes staying away from the window. If, on the other hand, Powell raises interest rates high enough to assuage the doubts of bond purchasers who fear inflation, he could tank the economy.
Enter Donald Trump with his tariff war, whether for good or ill, whether wisely or unwisely, whether necessary for the ultimate survival of the nation, his tariffs certainly induced tremors. It appears that some of those tremors were caused by the Chinese selling US bonds hand over fist. At any rate, the tremors evidently caused Trump to pause his tariff war, while admitting that the pause was due at least partially to market queasiness.
Politicians like Trump, who are forced to navigate the tight rope, would naturally prefer the Fed to err on the side of supporting employment. Hence Trump's jawboning Powell. Assume
Powell's rejoinder is almost a plea for understanding of his predicament and the difficulty of balancing on the tight rope. Like Goldilocks, he can neither be too hot nor too cold.
Our state of extreme indebtedness is precarious; we will be damn lucky if we can get off the tight rope as rich as we are today.
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