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🇺🇸🇺🇸🇺🇸 BIDENFLATION 🇺🇸🇺🇸🇺🇸
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Bunch of old people are getting happy again. Retail interest rates for online saving accounts are at 1.9%. Pretty soon they’ll be up to 2.4% or higher.
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there is a government treasury bond paying 9% but you can only deposit $10k/year.
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@ jackrabit.
WRONG
it's Stagflation...... much worse.
Thanks to Brain Dead Biden.
But hey, at least Trump isn't in office any longer, right?
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buying real estate, lots of it....
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hercule...hope you are not buying real estate in CA.
The people who can afford housing will slowly be departing this state. Might consider real estate in Floriday, Tennessee or Texas.
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Isn't now like the worst time to be buying RE?
Interest above 6 points that RE just got more expensive. or am I missing something?
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Reaganomics
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how do you take the air out of inflation:
not by giving the rail unions a 20% salary increase
this might get worse than 2007
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6 trillion dollars into the hot air ballon floating around
IS GETTING READY TO BUST
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Actually real estate in Southern California is still in high demand. While Sacramento and San Diego have had drop of interest, the Bay Area, Los Angeles, Orange County and Riverside has shown increase in buyers, as people with money are leaving small metro areas and coming here.
I’ve had finance groups talk to me about my properties from Colorado, New York, Minnesota and international who still see So cal as a safe real estate investment opportunity.
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From my humble perspective, I don't think these RE interest rates and prices can be sustained.
Something has to give and I feel if you buy in now its buying at the top.
This house, for example, was bought for $800k, torn down, rebuilt and listed for $1.6mil, in South Brea!
It has since come down $100k but still, $1.5mil for freaking South Brea? Add in current interest and other stuff and you got like $10k a month payment?
I wanna know who is affording this. I do alright but no way in hell would I re buy my house with a $10k a month payment.
Its nice here but not $1.5mil nice.
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@fredward
You clearly have no idea what stagflation means. Unemployment is at 3.7%. Stupidity is like latent homosexuality. You should keep it to yourself or people will just laugh at you.
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Here's the sure bet for your investment dollars
Pick zero in the "Guess Hey1's IQ" pool
).gif) 
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We’ll see what GDP numbers are in a week. Should tell us if we’re half way to confirmation of a depression.
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WTF???
"You clearly have no idea what stagflation means. Unemployment is at 3.7%."
Wasting my time 'splaining again what a complete fucking moron Hey is???
Stagnating growth + high inflation = stagflation
Unemployment is NOT part of the equation and it's a lagging indicator anyway
There was no violation in the original post.
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| There are 16 comments on this blog. |
