Major real estate industry groups have called upon Fed regulators to cease further interest rate increases in order to stabilize the strained housing market. Yahoo Finance’s Dani Romero breaks down the letter the MBA, NAR, and NAHB sent to Fed Chair Jerome Powell and what impact these rate hikes are having on the U.S. housing market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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NO BAILOUT!!
INCREASE RATE HIGHER TO 15%
CORPORATIONS ARE BUYING FAMILY HOMES CREATING A RENTAL MONOPOLY
INCREASE THE RATE HIGHER!!!!!
exactly. these companies need to take losses. its the only asset class that didnt have a correction what makes them be superior to the rest of the people. and this also go for irresponsible debtors who simply go after properties they cant afford. just like ’08 hope they drown because genx and millenials are not going to be able to buy a decent home untill their 50s at this rate.
easy money is a disease
In other words, they’re not making as much in commission.
more like houses are not being sold or bank cant lend.
Let the 🧿 A 🧿 economy run to its potential…. 🤔
💭
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On What’s Apk ⬇️
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Tank it! Make it crash! Native Tennesseans have been priced out for years since before the FED started raising rates. Meanwhile, 77 bids for a first home were all outbid by CASH. Investors buying all housing to rent out or airbnb. Make them feel the devastation we’ve been living with being priced out of the middle class, postponing marriage and kids watching the rich become wealthier than ever. Spread the pain.
Crush home prices. The Fed is doing right by the public.
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