[vtsnowedin]

Yes I'm up 17.5% for the month or looking at the two year graph level with where I was in July 2021. But that is a little erroneous as I cashed out $3000 for a down payment on the wife's car.
I'm doing good at not panic selling during the recent downturns but have stopped adding new cash as inflation has reduced what I have available.
Going forward I'm going to concentrate on blue chip companies that pay good dividends. Currently I'm getting $365 a year or a dollar a day.

[Armageddon]

Home sales are now down 32% this year making this the worst year for home sales since 2008.

In October alone, home sales fell by 5.9%, marking the 9th straight monthly decline.


There’s that 2008-2009 reference again.

[Armageddon]

U.S. homebuyer must now earn $107,281 to afford typical $2,682 monthly mortgage payment, up 45.6% from $73,668 a year ago per @Redfin

Good luck with that

[vtsnowedin]

U.S. homebuyer must now earn $107,281 to afford typical $2,682 monthly mortgage payment, up 45.6% from $73,668 a year ago per @Redfin

Good luck with that

Well they will just have to tough it out in the trailer park for a couple more years.
People seem to forget that half of the housing stock is worth less then the average or median and the people that own and live in those houses are just as much out of the weather as those living in Mc Mansions.

[yellowcanoe]

U.S. homebuyer must now earn $107,281 to afford typical $2,682 monthly mortgage payment, up 45.6% from $73,668 a year ago per @Redfin

Good luck with that

It's better to buy a house when interest rates are high and house prices depressed because it will become easier to make your payments once interest rates decline again. The people who paid an inflated price for a house while interest rates were low are now hurting if they need to renew their mortgage or had a variable rate mortgage.

[vtsnowedin]

U.S. homebuyer must now earn $107,281 to afford typical $2,682 monthly mortgage payment, up 45.6% from $73,668 a year ago per @Redfin

Good luck with that

It's better to buy a house when interest rates are high and house prices depressed because it will become easier to make your payments once interest rates decline again. The people who paid an inflated price for a house while interest rates were low are now hurting if they need to renew their mortgage or had a variable rate mortgage.

An interesting point of view. Yes those that need to renew, refinance or sell even, are in a bad way but all those that locked in a 30 year fixed at 3% are sitting pretty with inflation making their monthly payments easier to make if their wages are even close to keeping up.
Buying now hoping rates will drop soon so they can refinance is a bit chancy as no one knows how long these high rates will last. Do they have enough reserve to hold out for a decade?

[Armageddon]

I have a solution. Let’s drop rates to zero and print trillions.

[AdamB]

There’s that 2008-2009 reference again.

Referencing the best equity inbestment opportunity of a generation isn't stock market crash worthy. Don't you have some market crash news?

[AdamB]

U.S. homebuyer must now earn $107,281 to afford typical $2,682 monthly mortgage payment, up 45.6% from $73,668 a year ago per @Redfin
Good luck with that

With what? Don't tell my wife the number is only $107k, her eyes will light up at some number like that and she'll be calling a mortgage broker looking for her own place in a heartbeat! Keep such news to yourself please. Oh yeah, and can someone remind me, was there FINALLY a market crash this week, or are all of Armies recent cherry picked stats not bringing down the market? Again?

[Armageddon]

1. Housing market falling at fastest pace since 2008

2. Tech layoffs above 2001 levels

3. Credit card debt near $1 trillion for first time

4. Crypto and FTX collapse mark $2 trillion+ in losses

5. Consumer confidence at all time low


Lookin good

[AdamB]

Lookin good

Boy are you ignorant if you think recessions are "good". Except for those prepared to make a little coin off of sheep like you anyway.

[Armageddon]

The personal savings of Americans have plunged to $629 billion in the second quarter of 2022.

In the second quarter of 2021, they had $1.98 trillion.

Damn

[AdamB]

The personal savings of Americans have plunged to $629 billion in the second quarter of 2022.
In the second quarter of 2021, they had $1.98 trillion.
Damn

So are you implying this is why the market opened on Monday about the same as it closed on Friday? Or are you just mindlessly listing stats that didn't cause a market crash because....??

[Armageddon]

The FED has doubled its balance sheet since 2020 & total US nonfinancial credit is up 50% to 67.6 trillion. The Fed has raised interest rates 375 basis points in just 8 months...We have never witnessed such an obvious recipe for policy disaster!

[vtsnowedin]

Is not the question "what shape the economy will be in in two years"? And after that if a opposing administration comes into power can they fix the problem and how long will it take to fix it.

[Armageddon]

China has sold $121.2 billion in U.S. debt between the end of February to September.

We now have “mystery buyers” stockpiling gold at record speed.

Do you really think this is a mystery?

[AdamB]

We have never witnessed such an obvious recipe for policy disaster!

Sure we have. When Helicopter Ben did it, you claimed it would end the world. You don't even know the difference between true big numbers and little ones, so don't sweat it. In all of this, we know only one thing to be true. Not a single of your claims of THE END has happened since you began claiming them here. You are the perfect bellweather for BAU. So keep posting, BAU is counting on it!!

[AdamB]

And after that if a opposing administration comes into power can they fix the problem and how long will it take to fix it.

Fix it...how? You might not have noticed, but the Republican party has announced what they will be doing over the next 2 years, and it is investigating all the people they don't like, or their kids, and didn't seem to mention any effort at all legislating some relief for their constituents. What in the world makes you think if they get the executive branch in 2024 they are going to do anything different?

[Armageddon]

We have never witnessed such an obvious recipe for policy disaster!

Sure we have. When Helicopter Ben did it, you claimed it would end the world. You don't even know the difference between true big numbers and little ones, so don't sweat it. In all of this, we know only one thing to be true. Not a single of your claims of THE END has happened since you began claiming them here. You are the perfect bellweather for BAU. So keep posting, BAU is counting on it!!

Read it slower and maybe 3 more times to comprehend it since you missed it.

[AdamB]

Read it slower and maybe 3 more times to comprehend it since you missed it.

Thanks for not refuting my comment that not a single one of your world ending claims has come true. I'll just stick with pointing that out, which negates your claim regardless. As was obvious to anyone who read it at all. Except you.