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Re: Fed Economists Warn Of Looming Disaster Due To High Interest Rates

By: micro in 6TH POPE | Recommend this post (0)
Wed, 05 Jul 23 9:58 PM | 19 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 44130 of 58510
(This msg. is a reply to 44129 by Decomposed)
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if one is not planning on selling their home what difference does it make whether the house is overvalued, undervalues or stays even?

Doesn't make any real difference unless one wants to count the real estate or property taxes on your home.

The county I live in does not seem to mind ramping up the valuation of my house and everyone else's so they can get more property taxes from us all. It sucks...

And, I with you on the self inflicted sedation that many people are in regarding pretty much everything going on around them locally , state-wise, and nationally.

Its like if a meteorite did not fall on their house but go the next door neighbor, they are not aware of it..

Dumbest bunch of generations in my lifetime as far as I can tell.

Common sense went out the door a long time ago..imp..

Few have any..




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The above is a reply to the following message:
Re: Fed Economists Warn Of Looming Disaster Due To High Interest Rates
By: Decomposed in 6TH POPE
Wed, 05 Jul 23 7:59 PM 		Msg. 44129 of 58510

micro:

Re: “I recommend a couple of things.”Sound advice! However, as you noted, many CEOs aren't doing that and we *are* likely to see economic problems result. I wouldn't, for instance, be surprised to see unemployment rates soar to 10%. That, in turn, will cause a big drop in our currently elevated home prices. It's campaign season, so Biden, of course, will respond with free money and extended benefits. The Fed may even decide to lower interest rates a bit, making matters still worse.

Who knows? Americans could wake up and decide that they aren't too thrilled with the money our government wastes, particularly in its generosity to other countries. I have my doubts of that, though. Americans these days are more SEDATED than ASLEEP.

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