Comments by "Joe Swanson" (@joeswanson733) on "Get Ready for DOUBLE DIGIT Mortgage Rates" video.

  1. real estate agent: i didn't make you sign on the dotted line.
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  2. except house prices now are around 5x 1980s prices...
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  3. assuming they can meet the ever increasing property tax year after year. property tax is no joke.
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  4. anytime you have people move to a state it will increasing demand vs existing supply. d on't matteri if it's florida. if everyone just rushed to wyoming. it will do the same dam thing.
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  5. because recessions are basically economy correcting itself and sort out all the flaws. people make money in nay environment. people say you could make even more money during a recession than a normal economy. separate the chaffe from the wheat how it's always been and how it always will be.
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  6.  @Mita7401  sounds like your friend just signed her own death certificate.
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  7.  @TheSuperdodgy  actually it is. the USD is the world reserve currency. any transactions don in the world are settled in dollars. if anything there have been 2 attempts at devaluing the USD in the late 20th century because our USD is too strong to allow for US exports.
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  8. classic fomo
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  9. because whatever savings interest rate tehy give you will never match the actual inflation rate.
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  10.  @Resmith18SR  i want positive interest rate. i thought the fed dropping rates to zero back in 2010 was stupid. if we just maintained 5% from then to now... we wouldn't be in this bad of a mess.
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  11. you expect them to tell you the truth.
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  12. governments should do the opposite and not back anything.
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  13.  @Resmith18SR  you know it's always benefitting the corporatiosn and stock holders. the government don't give a rats as* about the working people.
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  14. uh because the federal reserve is our central bank and control our money supply.... Some have tried a model of offering the lowest rates and eventually they need to lay off thousands because the model fails, they just dont make enough money. Also they can only go so low otherwise they would be paying to to get the mortgage and no investor will want to buy the loan so they will be stuck servicing it with now profit. Also it's not like everyday a person buys a home. Most only buy a home once or twice in their life. So they cant really gobble up the market share with return customers. And advertising you got the lowest rates in town costs money to advertise that. Ince you cant keep up that advertising and your rates rise then shoppers just go elsewhere anyways.
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  15.  @Resmith18SR  don't be surprised other than nixon all other US presidents in the late 20th century that have passed away have all made it to 90 at least.
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  16. oh well it was fun.
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  17. we are serfs now... welcome to the club
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  18.  @onlyme7907  just wait.
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  19. depends on how desperate the banks are. fewer people able to borrow means they will have to drop rates.
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  20. you're paying for the ambience. if people were serious about low price move to detroit.
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  21. it's not no one buys... it's only big money that can buy.
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  22. if the feds were smart they would just crash everything fast. not this slow soft descent bs. rather get it over with now than drag it out for another 5-10 years.
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  23. yes it does.
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  24. you could upgrade to skunk.
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  25. it was all planned that way. nothing happens without a reason.
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