So we've had unprecedent interest rate hikes and Biden still lost inflation war?
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Date: June 25th, 2024 11:33 PM Author: Rough-skinned forum
Another record highs and huge year over year gains for housing costs.
Even if housing costs went down a bit before election time, he's basically run out of time to form any sort of narrative.
People are going to be on Zillow realizing it costs 3x as much to buy a house under Biden, and its not getting better.
And they'll go to the grocery store and see that a bag of Doritos is now $7, and a Big Mac meal is $13.
Short of putting Trump in jail, Biden is really running out of cards to play...
(http://www.autoadmit.com/thread.php?thread_id=5545469&forum_id=2\u0026mark_id=5304212",#47778201) |
Date: June 25th, 2024 11:46 PM Author: idiotic contagious temple regret
Conservative 2x Trump voter here.
The hikes are high but not unprecedented. The 80s hikes were similarly abrupt and brought mortgage rates into the teens. (My parents had a 14% mortgage.) Of course, we weren’t a bunch of pussies then and you could actually build new houses to lower demand. Now, the supply of housing is fixed in the short term due to overregulation and materials and labor are so expensive new houses cost a fucking fortune.
Yes, Biden is fucked. But what will Trump do to lower inflation? Tax cuts aren’t going to help—they are actually inflationary.
(http://www.autoadmit.com/thread.php?thread_id=5545469&forum_id=2\u0026mark_id=5304212",#47778219) |
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Date: June 26th, 2024 1:07 AM Author: Rough-skinned forum
Because the homeowner demographic you talk about are obsessed with HGTV and Zillow.
There's this weird notion on XOXO that somehow homeowners are thrilled when they realize that if they wanted to upgrade their house, they'd actually have to pay double to get a much shittier house.
Like yeah they're not as fucked as renters, but really everyone is much worse off save boomers who are downsizing - and even many of them actually have kids who are struggling in the market.
(http://www.autoadmit.com/thread.php?thread_id=5545469&forum_id=2\u0026mark_id=5304212",#47778348) |
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