…. patiently awaiting you to post in the everyday car pics threadThis quote is hidden because you are ignoring this member. Show Quote
…. patiently awaiting you to post in the everyday car pics threadThis quote is hidden because you are ignoring this member. Show Quote
You guys missed the signs
See! I told you the experts have been weighing in.This quote is hidden because you are ignoring this member. Show Quote
Up .75% today alone.
I'm going to guess by this point there are people who are not just sweating, but on the verge of losing their homes if some haven't already lost them.
Could be complete carnage if this continues. This is one way to correct housing prices for certain...
Amazing that a 3.75% rate is going to destroy people, but hey here we are.
It's difficult, when the outcome of the last few years of decision making has been SO painfully obvious to millions of people, to not think it's an intentional result.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
Central bankers are so retarded.
is it rich ontario senior citizens who will lose their home? Because that would be a benefit.
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I'm on the full variable where my payment changes each time. Gives me a frowny face, but hey, yolo and yeet fam, as the kids say.
While I understand your thoughts on this, its a 3.75% rate ON TOP of the already staggering inflation.This quote is hidden because you are ignoring this member. Show Quote
Many lower income people are quite literally drowning and are being forced to take on more debt just to feed their families, which further perpetuates their plight.
Death by a thousand cuts.
Our government fucked up big time. Lets just hope people remember this pain when its time to go back to the polls.
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God damn Harper Era policies!This quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Agree that there are a lot of government decisions prior to this that have hurt the standard of living of voters. Voters don't like that, and they won't like this. Changes to standard of living happen at the margin of costs and income.
Still another minimum .75+ to come right
Rip everything
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Bring on the crash, baby. I'm trying to upgrade.
Inflation is always countered with rate hikes. Always. This is the way.This quote is hidden because you are ignoring this member. Show Quote
We just got so used to 0.25% prime that people that actually thought that $1mm mortgage was affordable.
There's a house for sale right now i want, but i dont wanna get in at this rate or price so im hoping it crashes asap and i can snipe it haha... lets go crash!! I'll keep renting and waitingThis quote is hidden because you are ignoring this member. Show Quote
House prices are sticky.
Since people are so leveraged, there is a price floor. Lenders will block sales if they lose money on them.
Supply will dry up. People have to live somewhere, so they'll just stay where they are.
Were you guys brave during the covid crash. I wanna be brave too but I get scared when the crash actually happens lol
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
I was very brave, I stayed inside my house for weeks on end and wore masks even over my eyes.
Its not the people with $1mm mortgages that I care about.This quote is hidden because you are ignoring this member. Show Quote
Its the lower income, hard working people getting slaughtered by poor policy.
It hits close to home. I grew up lower income and watched my parents claw their way to prosperity.
They have some wild stories of how they were dollars away from not being able to put food on the table growing up. Its humbling.
I don't try to time the housing market, and I don't invest in the housing market.
I did get wickedly lucky with timing of a big upgrade back in the global financial crisis. I was going from a cheap starter home and could afford a slightly nicer "move-up" house because of the market conditions. That move was based on a change in family size thought, not any kind of smarts on my part. Also haven't moved out of that "move up" house in the 14 years since then. Maybe move in the next decade or so, we'll see.