President Joe Biden - Kamala Harris Administration

#29,976
#29,976
Vol423 said:
I was watching Varney on Fox Business News this morning. They had a segment discussing the Biden administration's responses about inflation. As they transitioned to their commercial break, their music selection was Fleetwood Mac's song, "Little Lies".

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Tell me lies. Tell me lies. Tell me sweet little lies.
 
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#29,983
#29,983
W.TN.Orange Blood said:
This lunatic had rather go to the beach for the weekend rather than worry about you & your family problems. Sorry, Jack ... nothing I can do to solve your problems ... so get used to it.

With Multiple Crises Raging, Biden Heads to the Beach = Build Back Better is ALL a Lie ...

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This "75 basis points" BS drives me nuts. Why hide the fact that you just increased interest by 3/4% - or are they using terms to sound more "knowledgeable" or to camouflage the truth. Generally when people start using different terms for something that has sufficed for decades, they aren't very honest.
 
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#29,985
#29,985
AM64 said:
This "75 basis points" BS drives me nuts. Why hide the fact that you just increased interest by 3/4% - or are they using terms to sound more "knowledgeable" or to camouflage the truth. Generally when people start using different terms for something that has sufficed for decades, they aren't very honest.
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Got a friend who voted for Biden and is now unable to buy a house. This was the time he planned on doing it. Toughest of scenes.
 
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#29,987
#29,987
They are saying some states like Tennessee especially places like the Nashville area might be able to withstand a crash because people keep moving here. There's limited supply so that helps. There won't be any refi's. The apartment costs look scary.
 
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#29,988
#29,988
BreatheUT said:
They are saying some states like Tennessee especially places like the Nashville area might be able to withstand a crash because people keep moving here. There's limited supply so that helps. There won't be any refi's. The apartment costs look scary.
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Wait till all the people lose their over valued homes and jobs and default and then have to find a place to live, creating even higher apt demand and price. The Feds are squeezed between inflation and a looming recession.
 
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#29,989
#29,989
Orangeburst said:
Wait till all the people lose their over valued homes and jobs and default and then have to find a place to live, creating even higher apt demand and price. The Feds are squeezed between inflation and a looming recession.
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They won’t lose their homes unless they have an ARM which are pretty much non existent unless you have an equity loan. What will happen is if they lose their jobs and have to sell it will be nearly impossible to make enough to pay off their over valued loans which will be a major issue
 
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#29,991
#29,991
landscapingvol said:
They won’t lose their homes unless they have an ARM which are pretty much non existent unless you have an equity loan. What will happen is if they lose their jobs and have to sell it will be nearly impossible to make enough to pay off their over valued loans which will be a major issue
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How is what I said and you said any different?
 
#29,992
#29,992
Orangeburst said:
How is what I said and you said any different?
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Meaning in the previous housing crisis it was ballooning interest rates that caused people to lose their mortgages because their payments became unaffordable in adjustable rate mortgages. This time is a little different in that payments were made affordable due to historically low rates on homes were largely unaffordable in the past for most people. When it crashes this time, home prices were over valued and interest rates will be astronomically higher comparatively so selling a home at a price that will pay off an over valued loan will be nearly impossible in a high interest market. That means the sellers or banks will have to eat the shortfalls, it’s going to be the same issue for the automobile market
 
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#29,993
#29,993
landscapingvol said:
Meaning in the previous housing crisis it was ballooning interest rates that caused people to lose their mortgages because their payments became unaffordable in adjustable rate mortgages. This time is a little different in that payments were made affordable due to historically low rates on homes were largely unaffordable in the past for most people. When it crashes this time, home prices were over valued and interest rates will be astronomically higher comparatively so selling a home at a price that will pay off an over valued loan will be nearly impossible in a high interest market. That means the sellers or banks will have to eat the shortfalls, it’s going to be the same issue for the automobile market
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IOW..beginning and end are the same...without so many words
 
#29,994
#29,994
landscapingvol said:
Meaning in the previous housing crisis it was ballooning interest rates that caused people to lose their mortgages because their payments became unaffordable in adjustable rate mortgages. This time is a little different in that payments were made affordable due to historically low rates on homes were largely unaffordable in the past for most people. When it crashes this time, home prices were over valued and interest rates will be astronomically higher comparatively so selling a home at a price that will pay off an over valued loan will be nearly impossible in a high interest market. That means the sellers or banks will have to eat the shortfalls, it’s going to be the same issue for the automobile market
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Gonna suck. That said, buying another car soon. Deals should be rampant.
 
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#29,995
#29,995
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#29,996
#29,996
"If it’s my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that? I’m not being a wise guy," Biden said.
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Wrong again Mr President. Yeah, I know the press won't fact check you like they did Trump but I will...

Inflation rates:

Japan (2.5%), Saudi Arabia (2.2%), France (5.2%), Italy (6.8%), Canada (6.8%), India (7%), Germany (7.9%).

Most countries have lower inflation than us according to this:

Inflation Rate - Countries - List
 
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#29,998
#29,998
TNVOLNAVY said:
Slo Jo has to get his intense medication treatment and reprogrammed every weekend.

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What kinda sh!t is this where the "wife" of the POTUS walks up and tells him he can't answer any more questions? Is this normal? I just don't recall this in the past. It could be because we've never had to pay attention to how much a POTUS is sheltered and protected from questions.
 
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#29,999
#29,999
BreatheUT said:
What kinda sh!t is this where the "wife" of the POTUS walks up and tells him he can't answer any more questions? Is this normal? I just don't recall this in the past. It could be because we've never had to pay attention to have much a POTUS is sheltered and protected from questions.
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We sure never saw it with Trump. Very different dynamic
 
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