Chalking one up to how the incoming administration is already causing problems, it turns out when people expect inflationary policies the fed loses control of long term interest rates. And with the expectation that it would have taken mortgage rates getting down to 5.X to even start to reverse the lock in on housing, the forecast is now that things will remaing broken for the forseeable future.
IronRushMaiden on
Don’t worry, unlimited credit and unfettered MBS purchasing during the Covid recovery surely didn’t benefit the wealthy at the expense of the young, the poor, and those without access to the bank of mom and dad, right?
There’s an easy answer to why the economic data looks great, yet “vibes” are off. Everyone knows that a recent college graduate cannot buy a home without an absurd salary or without help from parents. And everyone who purchased since the rates (and values) increased has no incentive to not be a NIMBY.
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Chalking one up to how the incoming administration is already causing problems, it turns out when people expect inflationary policies the fed loses control of long term interest rates. And with the expectation that it would have taken mortgage rates getting down to 5.X to even start to reverse the lock in on housing, the forecast is now that things will remaing broken for the forseeable future.
Don’t worry, unlimited credit and unfettered MBS purchasing during the Covid recovery surely didn’t benefit the wealthy at the expense of the young, the poor, and those without access to the bank of mom and dad, right?
There’s an easy answer to why the economic data looks great, yet “vibes” are off. Everyone knows that a recent college graduate cannot buy a home without an absurd salary or without help from parents. And everyone who purchased since the rates (and values) increased has no incentive to not be a NIMBY.