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Yahoo Finance Live anchors discuss the top takeaways from the Federal Reserve’s policy statement and press conference on Wednesday.
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2:35 there’s this cool report called CPI, you should read it
mortgage rates are dropping….
you cannot compare the current real estate market to the hottest moment of the US home buying ever, that is blatantly misleading.
Do better at your job.
It’s still close enough to the peak. There’s still an inevitable housing crash coming later this year and throughout 2024 and 2025. Even without FED rate increases, homes went from an average of $200,000 to $380,000 in the same 18-month period that people’s income went from $57,000 to $62,000 – meaning most new mortgages from late 2020 to today involve individuals paying 46-52% of their net income on just a mortgage payment, which is higher than in 2006. All while their groceries, fuel, utilities and all other costs of living have gone up 30-55%. This is an even larger bubble than 2006, and anyone who did half decent in 4th grade math can tell. The top 100 corporations in the US just announced 100,000 layoffs over 2023 due to completely nonexistent demand, savings are at an all-time low, credit card usage is spiking faster than ever in history, and vehicle repossessions are already 3 TIMES higher than at any point throughout the great recession. Buckle up because this economy just teetered off a cliff.
@Enthused no. Were pay CASH by big firms. Even if they crash ( very unprobably near time) they will buy more at bargain price.
This time DEBET will bust.
@el jefe Oh they’ll buy more, but they only bought 13% of all homes between 2020 and 2022, so 87% of homebuyers in that time frame are subject to layoffs and loss of income. We will 100% see a housing crash of at least 40%.
@Enthused job openings are damn near just as high and now we have many resources through internet to make money and side gig apps to top it off. 401k, retirement funds, severance, stock, and etc. this not 2008.
Recession is cacelled. There is no inflation
Redding’s is accessible with the name below on telegram👇🙂…👇
@Kennytrade66
They are stealing thousands from the poor every month on mortgage payments and telling them its necessary otherwise the cost of milk and bananas will go up
Inflation canceled due to coming recession. Consumers are tapped out.
Those living on fixed income are screwed.
Powell obviously has calls on speculative stocks – it’s all legal not manipulation zero chance the SEC investigate unless they get greedy and also want a payday – America at its most efficient
Great Resignation is still going on. Don’t be fooled by the numbers of employment rising, as if the most people quitting isn’t part of the formula.