Powell just said most likely no rate hikes this year
What article did you read that suggests rate hikes from Powell's message today? Everything I read said no rate hikes. I'm just curious as to how any media could spin that 180° around.Article I saw suggests the opposite, hence the rally. I am unconvinced.
Do people still listen to that idiot?Cramer says Google is a sell. Google is not focused and will go nowhere for a long time.
When the average family must come up with $400k to $1M+ to buy a home, cars are $40k each and most jobs only pay $50k or less unless you rack up six figure education debt and *hopefully* land a 6 figure job, things are not working anymore. Dont forget your outrageous car and health insurance premiums with large deductibles so they dont actually pay for things - you do.For a guy that claims to like making money, you seem to love supporting scenarios where you would perpetually lose money.
Cramer is a great resource to listen to. Just do the opposite of what he says and get wealthy.Do people still listen to that idiot?
Lets take a look at your $400k home example (same applies to a $1M home, but multiply by 2.5). Here are the numbers for a 30 year mortgage (not including insurance, taxes, or other fees since those vary so much by location).When the average family must come up with $400k to $1M+ to buy a home, cars are $40k each and most jobs only pay $50k or less unless you rack up six figure education debt and *hopefully* land a 6 figure job, things are not working anymore. Dont forget your outrageous car and health insurance premiums with large deductibles so they dont actually pay for things - you do.
What article did you read that suggests rate hikes from Powell's message today? Everything I read said no rate hikes. I'm just curious as to how any media could spin that 180° around.
I still dont understand the people who want rate cuts.
The economy is fine, the market is at all time highs and the disfunctional government is just passing temporary spending bills.
Whey do we need rate cuts? To juice the stock market some more or influence the next election? Because the economy doesn't need it.
The key solution to the housing issue is simply changing the arbitrary (and yes, they are largely arbitrary) rules around building and allow more housing to be built instead of the de facto ban that leads to expensive, detached [luxury] single-family sprawl. The bonus side here is you'd really stick it to the investor class, which is relying on tight supply to keep prices high (those investors even tell you that in their public filings!). More density would also help with car insurance: people wouldn't need so many cars per family, saving money on premiums. I'm not going to even touch your health insurance comment - that's for P&N.When the average family must come up with $400k to $1M+ to buy a home, cars are $40k each and most jobs only pay $50k or less unless you rack up six figure education debt and *hopefully* land a 6 figure job, things are not working anymore. Dont forget your outrageous car and health insurance premiums with large deductibles so they dont actually pay for things - you do.
When most homes now are merely profit centers for wealthy land owners and the working class must pay $3k to $5k rent on $100k combined income, you will never afford a $1M home. And by the time you do, it will cost $5M and be owned by BlackRock who will then demand $15,000 monthly rent.
Save your pennies children and dont buy avocado toast if you want to own this home one day!
....but not all hope is lost...
Your family can live in one of Grant Cardone's upscale luxury one bedroom sardine apartments for $2.5k a month. Your kids can sleep on the floor.
You remember Grant Cardone, right? The guy who said he would be embarrassed as a husband, father and even as a human being to only be making $400,000 a year. "How can you live on just $400k a year!!"
https://finance.yahoo.com/news/real-estate-guru-grant-cardone-220000192.html
Yup, although the inverse Cramer ETF has shut down.Cramer is a great resource to listen to. Just do the opposite of what he says and get wealthy.
Up and down it goes. Today is my portfolio is higher than ever.Juice the stock market, yeah. Without AI hype the market would continue to decline without the cuts.
Edit: Plus to help the Deficit's borrowing costs.
I might have to revise this prediction to two weeks. Is there a hotter stock on the market?Nvidia just doesn't stop. $1000 is less than 3 months away.
I might have to revise this prediction to two weeks. Is there a hotter stock on the market?
Oh I'm fully a spectator on this one. It's got to pop at some point right?If you are gonna play it, just be sure you are capable of getting off Mr. Jensen's wild ride before the bubble bursts.
Bingo. Multifamily housing, like duplexes or small apartments are really hard to build in most places. Either zoning prohibits multi-family housing or something like lot sizes and minimum distances from lot edges prevents it (it can be really hard to build a 4-plex on the same lot size as a single family house). Or there are things like required parking spots when parking isn't needed. Cheap, moderately dense housing hasn't been built in scale for decades. Heck when were the last "starter homes" built in any quantity? 40 years ago? We only get expensive McMansions or mass apartments. Nothing in-between is realistically allowed any more.The key solution to the housing issue is simply changing the arbitrary (and yes, they are largely arbitrary) rules around building and allow more housing to be built instead of the de facto ban that leads to expensive, detached [luxury] single-family sprawl.
Bingo. Multifamily housing, like duplexes or small apartments are really hard to build in most places.
Cheap, moderately dense housing hasn't been built in scale for decades. Heck when were the last "starter homes" built in any quantity? 40 years ago?
It's only "in demand" because that's all that is generally available or legally allowed to be built in most jurisdictions. You have a skewed view of actual preference.Problem is, SFH is what's in demand unless you are talking about single people or maybe some seniors. Building mutifamily just means you're asking for The Poors. There's a lot to hate about living in multifamily.
There is a lot to hate about multifamily. But, there is a big gap between single family homes and large apartment complexes. Some people want a little garden or a place for their dog to run. Townhomes, duplexes, and 4-plexes are great for those people. Some people don't want to live with a bunch of neighbors packed like sardines, but also don't want to shovel snow and mow lawns. Etc.Problem is, SFH is what's in demand unless you are talking about single people or maybe some seniors. Building mutifamily just means you're asking for The Poors. There's a lot to hate about living in multifamily.
I wouldn't call it cheap but I randomly looked at the Atlanta area and there's a fair amount of NC SFH available in the 300k range. There's those rowhomeish townhomes too but they are in the sameish price range.
It's only "in demand" because that's all that is generally available or legally allowed to be built in most jurisdictions. You have a skewed view of actual preference.
$300k range isn't what we need. We need $200k range
I feel very safe in saying that the real world has tradeoffs, and everyone is going to have different personal preferences. Some people might favor walk ability, or proximity to nightlife, or vast yards, or reduced maintenance, and then we factor in price and commute times into this equation, and presto... Why not just let the market cater to the those different preferences instead of government fiat dictating a single construction type?feel very safe in saying that all other things being equal, people would prefer SFH over a TH, and TH greatly over condo.