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DarkDeity giga/boosted  11mo ago (cnbc.com) 259 thread views #210794

Housing Industry urges Powell to stop raising interest rates or risk an economic hard landing

https://www.cnbc.com/2023/10/10/housing-industry-urges-powell-and-fed-to-stop-raising-interest-rates.html
13
New Old Top Bottom Controversial Random
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Oh no, not our bubble perpetuated by an asinine period of zero percent interest rates.

:#marseyscream:

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Good. Housing prices need to crash. House-is-an-investmentcels deserve to get fricked.

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Lol this cuck millenial is never gonna own a house

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I already do.

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:marseysurejan:

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Probably a lot of the rates are locked in.

I agree, this would be great though

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Doesn't matter, higher rates mean lower prices for even new properties, which make it significantly easier to make a sizeable down payment in cash for people who are responsible with money.

Which is why I know these rates won't last forever.

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Yeah. But the imaginary losses will stress them out so that's at least a win.

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However, there appears to be little appetite for easing, with the benchmark fed funds rate now pegged in a range between 5.25%-5.5%, its highest in some 22 years.

I am so erect

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Promise to only raise it one more time, and then raise it to 18%. Time to relive the 80s! Who's bringing the nose candy? :marseycocaine:

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26%. And if I was the Chairman of the Federal Reserve, I would announce it while getting drunk on television.

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Keyed and Volcker pilled

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