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Started By
Message
1
Posted on 9/21/22 at 8:52 pm to 92Tiger
I don’t understand why layoffs would be coming. Most places still struggling to hire people. People just need to stop spending money and this will chill out. Demand needs to come down until supply catches up (never).
Posted on 9/21/22 at 8:54 pm to Mingo Was His NameO
quote:No argument here.
political dumbass
Posted on 9/21/22 at 8:57 pm to armsdealer
quote:
For realtors maybe. Who really is at risk these days?
You think that's all that's affected by home sales?
How about?
Loan Officers
Loan Processors
Mortgage Underwriters
Mortgage Closers
Title Company Employees
Home Appraisers
Home Inspectors
General Contractors
Subcontractors
Land Surveyors
Building Supply Sales People
I'm certain there are others. Everything to do with Home Sales and Home Construction will take a hit.
Posted on 9/21/22 at 9:00 pm to Tiger Vision
quote:
You think that's all that's affected by home sales?
How about?
Loan Officers
Loan Processors
Mortgage Underwriters
Mortgage Closers
Title Company Employees
Home Appraisers
Home Inspectors
General Contractors
Subcontractors
Land Surveyors
Building Supply Sales People
I'm certain there are others. Everything to do with Home Sales and Home Construction will take a hit.
I know some lower totem pole mortgage underwriters have already been laid off.
What an idiotic statement you had to reply to. As we enter a recession consumption spending goes down. We need less people in restaurants and retail. Less goods are being sold so we need less trucking, less gas, so less oil field workers, so less financial guys buying and selling up the steam, etc, etc
Posted on 9/21/22 at 9:00 pm to Thib-a-doe Tiger
[quote]They’ll have to kill the economy before they install the socialist utopia they are creating.
FIFY
FIFY
Posted on 9/21/22 at 9:07 pm to OweO
quote:
I quoted someone else dummy.
Exactly. Like he said, you are ill informed.
OweO huh. Aren't you the infamous OT incel that everyone mocks, or am I ill-informed about that too?
This post was edited on 9/21/22 at 9:08 pm
Posted on 9/21/22 at 9:08 pm to 92Tiger
So….. The people that helped mismanage us into this shitshow are going to manage us out?
Posted on 9/21/22 at 9:11 pm to OweO
quote:Print this on a business card. It’s the story of your life.
ill informed.
Posted on 9/21/22 at 9:13 pm to tigergirl10
Posted on 9/21/22 at 10:08 pm to 92Tiger
This is rookie numbers.
Mortgage Rate At 8.5% (in 1970)
A survey of house-buying trends indicates that in 1970 the average home mortgage interest rate was 8.5
Mortgage Rate At 8.5% (in 1970)
A survey of house-buying trends indicates that in 1970 the average home mortgage interest rate was 8.5
Posted on 9/21/22 at 10:16 pm to TIGER2
quote:
Mortgage Rate At 8.5% (in 1970)
That seems low for back then, but then again I wasn't born in 1970. Seems like some time in the late 70's or early 80's the rate was in the 15-18% range. Hell, my mortgage in 2004 was 4.785% and I thought I was getting a good deal.
Inflation sucks, I hate it but it's not 1928 depression era stuff, "YET".
Posted on 9/21/22 at 10:28 pm to chicano12
quote:
They mention wide spread layoffs in the article. What industries are the most vulnerable when it comes to this?
Companies that use debt to finance expenses which maybe break even on revenues. Those companies will be crushed and probably won’t be around in 2025.
Posted on 9/21/22 at 10:30 pm to weisertiger
A bit of context would help.
Posted on 9/21/22 at 10:34 pm to OweO
quote:
Exactly. Like he said, you are ill informed.
Look at Chris acting like he understands economics
Posted on 9/21/22 at 11:06 pm to jcaz
quote:
stop spending money
are you sure about this?
Posted on 9/22/22 at 3:17 am to jennBN
The middle class will have no choice but to cut back with food,gas prices, electricity etc.nearly doubling with inflation way up .This will hit every sector from buying vehicles, taking trips just overall spending on non essential items.2023 is not going to be pretty unemployment will skyrocket due to what I mentioned above.
Posted on 9/22/22 at 3:33 am to Strannix
quote:
Actual inflation using the correct historical formula is 17%
I never understand why the formulas have changed.
Buying habits?
Posted on 9/22/22 at 6:41 am to East Coast Band
quote:
I never understand why the formulas have changed.
Buying habits?
Why do you think they keep changing it....
For decWashington has been spending like sugar high toddlers in build a bear, they're literally owned by Wall Street Bankers. 4heyre allotting fabulously wealthy. It's very simple.
This post was edited on 9/22/22 at 6:44 am
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