President Joe Biden - Kamala Harris Administration

[Orangeburst]

White House eyes income cap on student loan forgiveness, has not studied how it may impact inflation

They haven't taken Econ101?

 

[Grand Vol]

Anyone following the housing market saw that coming.

Did they see a 10% interest rate on loans coming as well?

 

[AM64]

“I DID THAT!”



https://www.cnbc.com/2022/04/27/stocks-off-to-worst-start-to-since-1942but-a-comeback-could-be-due.html?&qsearchterm=nasdaq worst month

Sounds like a surplus of homes coming on the market and potential renters with bad credit.

 

[Vol423]

Sounds like a surplus of homes coming on the market and potential renters with bad credit.

Not accurate. See my response to this same story posted on the previous page of this thread.

 

[Wireless1]

Not accurate. See my response to this same story posted on the previous page of this thread.

I agree with you, but we might have a significant number of foreclosures in the states people are deserting while having a demand problem in the destination states.

 

[utvolpj]

Did they see a 10% interest rate on loans coming as well?

I've yet to see that projection. 20yrs ago the rate was 7%. We've just been spoiled the last few years with very cheap money in this bubble. Either the house prices or rates had to give

 

[Franklin Pierce]

Biden Gives Up on Mandatory Vaccines for Migrants

SOUTHMOST, Texas—The Biden administration appears to have abandoned its effort to ensure all migrants apprehended by immigration authorities are inoculated against COVID-19, just a month after the White House said vaccines would be mandatory.

According to several individuals familiar with the matter, some of whom requested anonymity to speak candidly, Border Patrol officials in the Rio Grande Valley are exempting migrants from such countries as Guatemala, Haiti, and Mexico from vaccine mandates. And migrants from Nicaragua, Cuba, and Venezuela must only receive one dose of the vaccine before they are released into the U.S. interior.

"It depends on the shift, to be honest," said one individual familiar with the matter. "You talk to guys who work around midnight, and they're not vaccinating anyone. It's really more of an optional policy."

Biden Gives Up on Mandatory Vaccines for Migrants - Washington Free Beacon

 

[Vol423]

Biden Gives Up on Mandatory Vaccines for Migrants

SOUTHMOST, Texas—The Biden administration appears to have abandoned its effort to ensure all migrants apprehended by immigration authorities are inoculated against COVID-19, just a month after the White House said vaccines would be mandatory.

According to several individuals familiar with the matter, some of whom requested anonymity to speak candidly, Border Patrol officials in the Rio Grande Valley are exempting migrants from such countries as Guatemala, Haiti, and Mexico from vaccine mandates. And migrants from Nicaragua, Cuba, and Venezuela must only receive one dose of the vaccine before they are released into the U.S. interior.

"It depends on the shift, to be honest," said one individual familiar with the matter. "You talk to guys who work around midnight, and they're not vaccinating anyone. It's really more of an optional policy."

Biden Gives Up on Mandatory Vaccines for Migrants - Washington Free Beacon

Has anyone considered that the Biden Administration doesn't want illegals to be vaccinated because they're hoping they'll spread Covid in the U.S.? Then, the administration will attempt to enforce lockdowns again before the November elections.

 

[Franklin Pierce]

The Old Man and the AOC

REVIEW: 'This Will Not Pass' by Jonathan Martin and Alexander Burns

One of the main characters in This Will Not Pass by Jonathan Martin and Alexander Burns is a gaffe-prone septuagenarian and "devoted" Morning Joe watcher with limited policy chops and an endless supply of inscrutable anecdotes who somehow manages to become president but failed to accomplish much of anything due to his subpar leadership qualities, low approval ratings, and the fractious nature of his own party.

The other is Donald Trump.

The Old Man and the AOC - Washington Free Beacon

 

[UT_VOLS13]

Biden brutalized over ‘incoherent’ and ‘vile’ claim that Roe is in line with ‘all basic mainstream religions’

 

[NorthDallas40]

Biden brutalized over ‘incoherent’ and ‘vile’ claim that Roe is in line with ‘all basic mainstream religions’

I’d guess the idiot in chief’s Catholic priest is going to want a side bar with him after mass this Sunday.

 

[AirVol]

Joe doesn’t know what to believe.

 

[Vol423]

I’d guess the idiot in chief’s Catholic priest is going to want a side bar with him after mass this Sunday.

I doubt it. Biden's Catholic priest is likely already on the payroll. If he weren't, then he should have already been discussing Ashley Biden's diary entries with Dementia Joe.

 

[Franklin Pierce]

Feds Extend Work Permits for Hundreds of Thousands of immigrants

The federal government on Tuesday extended temporary work authorization for a broad array of immigrants who are awaiting their final immigration papers.

United States Citizenship and Immigration Services (USCIS), the agency in charge of work permits, permanent residency and naturalizations, granted an automatic 540-day extension of work authorization to immigrants awaiting their papers.

https://thehill.com/news/administra...mits-for-hundreds-of-thousands-of-immigrants/

 

[Orangeburst]

https://www.cnbc.com/2022/05/02/i-b...percent-interest-for-the-next-six-months.html

Better hike to at least 15% to break even.

Nm..it is a dog

 

[Carl Pickens]

This poor bastard….
Biden suffers senior moment…

 

[EasternVol]

Feds Extend Work Permits for Hundreds of Thousands of immigrants

The federal government on Tuesday extended temporary work authorization for a broad array of immigrants who are awaiting their final immigration papers.

United States Citizenship and Immigration Services (USCIS), the agency in charge of work permits, permanent residency and naturalizations, granted an automatic 540-day extension of work authorization to immigrants awaiting their papers.

https://thehill.com/news/administra...mits-for-hundreds-of-thousands-of-immigrants/

What is the issue? They're legal immigrants.

 

[Orangeslice13]

I've yet to see that projection. 20yrs ago the rate was 7%. We've just been spoiled the last few years with very cheap money in this bubble. Either the house prices or rates had to give

My first mortgage was at 7.9% and at that time was considered a very low rate. It had just fallen below 8 for the first time in a long time. I believe it had been sitting around 12 for a couple of years before that drop. I was 23 years old so that would have been in 92/93.
9 years later I bought this house at 4.25

 

[hog88]

My first mortgage was at 7.9% and at that time was considered a very low rate. It had just fallen below 8 for the first time in a long time. I believe it had been sitting around 12 for a couple of years before that drop. I was 23 years old so that would have been in 92/93.

Our first mortgage was 6 something but only paid 120k for the house, houses in that neighborhood are now selling for close to 400k.

 

[Orangeslice13]

Our first mortgage was 6 something but only paid 120k for the house, houses in that neighborhood are now selling for close to 400k.

I paid 79 for the first one and sold at 135 9 years later. Bought this one at 145 and houses are selling 425-450 here now. And a large part of that jump has been in the last 2 years

 

[hog88]

I paid 79 for the first one and sold at 135 9 years later. Bought this one at 145 and houses are selling 425-450 here now. And a large part of that jump has been in the last 2 years

It’s insane and I don’t see how it can be sustainable

 

[Orangeslice13]

It’s insane and I don’t see how it can be sustainable

I have family in real estate in this area. I’m told that the growth in Chattanooga is a reset. Values had fallen behind where they should have been and were artificially low. This growth is expected to slow down or even stop but they are not expected to go back down. Apparently this has happened twice before in this market in the last 50 years. Those predictions are based on the local history. I don’t know what will actually happen. I’m just glad to be in a paid for house.

 

[McDad]

It’s insane and I don’t see how it can be sustainable

REal estate is a great hedge against inflation. Possibly the best hedge available especially if it is your home. People who bought homes for $5,000 in the 30s would never believe their home would sell for over 1M 90 years later.

 

[hog88]

REal estate is a great hedge against inflation. Possibly the best hedge available especially if it is your home. People who bought homes for $5,000 in the 30s would never believe their home would sell for over 1M 90 years later.

Since wifeypoo just forced us to buy a condo in FL I sincerely hope the trend continues and we don't see a real-estate crash.

 

[McDad]

Since wifeypoo just forced us to buy a condo in FL I sincerely hope the trend continues and we don't see a real-estate crash.

I believe you will be alright. That beliefs strengthens the longer you plan on holding the condo.

The only riskier element is vacation homes values are a more volatile .