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Housing Recession

Dawg

President
Supporting Member
Recall too how 7 years of similar policies created the bubble that burst in 2008. I admit too that I made a lot of money on that bubble before it burst and the bubble we have now.
Like the Community Reinvestment Act by Clinton
No credit, Bad Credit, Bankruptcy COME ON DOWN Banks had to loan to those that couldn't/wouldn't pay back
 
This tells me you just make stuff up when the facts are against you.
Again, you continue to show you rarely understand what you post.

The hot housing market is driving up inflation. A cooling off of the housing market means reducing inflation.

You are either pro-inflation or pro-recession. You have to choose a side. It's one or the other.
 

Dawg

President
Supporting Member
Another ominous sign:

Homebuyers are backing out of more deals as high mortgage rates persist and recession fears linger

  • Homebuilder cancellation rates have more than doubled since April, according to surveys by John Burns Real Estate Consulting.
  • Nationwide, about 63,000 deals on existing homes fell through in July, or about 16% of homes that went under contract that month, according to Redfin. Cancellations were 12.5% in July 2021.

Complete text: Homebuyers are backing out of more deals as high mortgage rates persist and recession fears linger (msn.com)


None of this is positive, no matter the political rhetoric.
Especially now that Joe signed the IRS Act

Voters should never forgive Democrats for their dangerous expansion of the IRS (msn.com)

New Taxes will destroy many
 

Zam-Zam

Senator
Again, you continue to show you rarely understand what you post.

The hot housing market is driving up inflation. A cooling off of the housing market means reducing inflation.

You are either pro-inflation or pro-recession. You have to choose a side. It's one or the other.
If I was pro-inflation, I'd be pro-Biden, like you.

Ergo, you're pro-inflation.

And most people know (perhaps not you, but most people) that recessions and a poor housing market are not positives for the economy.

Thanks for playing though.
 

Dawg

President
Supporting Member
Housing isn't cooling to the point that unemployment is going to rise.

The Housing market is just going back to back to the very healthy pre-covid levels. It's nothing to worry about.
When people aren't buying homes sales for everything needed in homes "cools" and lay offs follow

You have any idea how many people it takes to build and furnish homes?
 
When people aren't buying homes sales for everything needed in homes "cools" and lay offs follow

You have any idea how many people it takes to build and furnish homes?
There are still going to be people buying houses.

Just the insane bidding wars that have so prevalent in the housing market are going to become far less frequent
 

Dawg

President
Supporting Member
There are still going to be people buying houses.

Just the insane bidding wars that have so prevalent in the housing market are going to become far less frequent
Some but not at the rate they were buying homes
(didn't you read the links)?

Here read of another crisis other than homes

It Sure Feels Like a Car Loan Crisis Is Coming (msn.com)


Hope you still have your old Honda

Of course illegals don't worry about buying homes while living in NYC high dollar Hotels on Taxpayers

New York City to move asylum-seekers into famous Times Square hotel: Report (msn.com)
 
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Zam-Zam

Senator
Tough times for renters:

Most renters saw rents increase, wages stay the same

Most renters saw rents increase, wages stay the same – The Hill

Tough times for homeowners/buyers:

How high could mortgage rates go? As inflation keeps rising, we look at what a 3%, 5% or 7% base rate would mean for homeowners and buyers

How high could mortgage rates go? As inflation keeps rising, we look at what a 3%, 5% or 7% base rate would mean for homeowners and buyers (msn.com)

Tough times all around.

Brought to you by:

1660688868563.png
 

Dawg

President
Supporting Member
Tough times for renters:

Most renters saw rents increase, wages stay the same

Most renters saw rents increase, wages stay the same – The Hill

Tough times for homeowners/buyers:

How high could mortgage rates go? As inflation keeps rising, we look at what a 3%, 5% or 7% base rate would mean for homeowners and buyers

How high could mortgage rates go? As inflation keeps rising, we look at what a 3%, 5% or 7% base rate would mean for homeowners and buyers (msn.com)

Tough times all around.

Brought to you by:

View attachment 71978
meanwhile illegals are housed in Times Square Hotel
rent free on taxpayers
Queen size bed room $400+ a night
American homeless living in tents
 
Tough times for renters:

Most renters saw rents increase, wages stay the same

Most renters saw rents increase, wages stay the same – The Hill

Tough times for homeowners/buyers:

How high could mortgage rates go? As inflation keeps rising, we look at what a 3%, 5% or 7% base rate would mean for homeowners and buyers

How high could mortgage rates go? As inflation keeps rising, we look at what a 3%, 5% or 7% base rate would mean for homeowners and buyers (msn.com)

Tough times all around.

Brought to you by:

View attachment 71978
What kinda nonsense is that?
Higher interest rates make less people buy houses, which drives home prices down. Which is the exact opposite of inflation.

Your ignorance is disturbing.
 

Dawg

President
Supporting Member
What kinda nonsense is that?
Higher interest rates make less people buy houses, which drives home prices down. Which is the exact opposite of inflation.

Your ignorance is disturbing.
Who sales a home for less than they have in it?
There's no way in double hell you're an accountant!
 

LeilaniMP

Empress
The unprecedented housing price boom of Biden’s first two years couldn’t possibly last forever. And when that incredible boom slows they call it a “recession.”

For a real housing recession they should review the disastrous 2008 GWB-era collapse.
Biden has been in office for two years?
Is that common core math?
 
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