President Joe Biden - Kamala Harris Administration

You were the one talking ish about a $400 car payment when I'm telling you that isn't exactly an outrageous amount compared to 20 years ago. And I'm sure that is for a used car.


And here again, you ignore (or simply DGAF) about the impact of inflation on standard of living. That is evidence of how far it has slipped in this country. Meanwhile, "muh bootstraps"...
You must be one miserable person based on your posts on here. A $400 car payment is outrageous if you can’t afford it. The video was someone complaining about not being to afford things. That’s one area where maybe she was spending unnecessarily. So when are you posting your whine video?
 
 

New Home Sales Surge Higher, Up 34% Over the Year​

Americans looked past soaring interest rates to buy new homes at a stunning pace in September.

The Commerce Department said new home sales rose 12.3 percent from the prior month to an annual rate of 759,000 in September, far more than the 685,000 expected.

Compared with a year ago, sales are up 33.9 percent.

The figure measures sales of new single family homes. It is seasonally adjusted and reported an an annual rate, meaning it shows how many homes would be sold if buyers purchased at the same rate for 12 months.

 

New Home Sales Surge Higher, Up 34% Over the Year​

Americans looked past soaring interest rates to buy new homes at a stunning pace in September.

The Commerce Department said new home sales rose 12.3 percent from the prior month to an annual rate of 759,000 in September, far more than the 685,000 expected.

Compared with a year ago, sales are up 33.9 percent.

The figure measures sales of new single family homes. It is seasonally adjusted and reported an an annual rate, meaning it shows how many homes would be sold if buyers purchased at the same rate for 12 months.


Just completed a big project in a new subdivision, IDK how many total homes are going in but well over a hundred have already been built. At least half of them have been purchased by investors for long term rentals.
 
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Just completed a big project in a new subdivision, IDK how many total homes are going in but well over a hundred have already been built. At least half of them have been purchased by investors for long term rentals.

That was my thought when looking at that article.

Banks and investors can afford the high interest rates before charging over the same price. The only thing that would hurt them is if the market tanks in the next few years like 2010.
 
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That was my thought when looking at that article.

Banks and investors can afford the high interest rates before charging over the same price. The only thing that would hurt them is if the market tanks in the next few years like 2010.

I doubt we see the market tank anytime soon. My opinion is people are setting on what they have, why sell when you have a 3ish% mortgage unless you can turn around and pay cash for what your going into. Lack of inventory and institutional buyers will keep prices inflated for a while. Plus people have to have a place to live and with interest rates and prices where they are renting is probably more affordable than buying at the moment.
 
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Ok, our fronts are:

Asia: China
Europe: Russia
Middle East: Terrorists and Iran

Where will we end up next?


Biden is the most dangerous when he is talking. He just might talk us into a war.

Funny thing is how often we heard that the world will burn if Trump is elected. The truth was the exact opposite.
 
Biden is the most dangerous when he is talking. He just might talk us into a war.

Funny thing is how often we heard that the world will burn if Trump is elected. The truth was the exact opposite.

ain't it the truth - we can only hope world leaders know everything he says will get walked back
 
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