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re: If trump wins I think housing rates will drop
Posted on 5/11/24 at 10:02 pm to bleedsgarnet
Posted on 5/11/24 at 10:02 pm to bleedsgarnet
quote:
If trump wins I think housing rates will drop
While Biden certainly bears some responsibility for our current interest rates due to the "Inflation Reduction Act" (which is complete bullshite), this issue is mostly demographic and has little to do with politics. Interest rates are going to hold, or maybe even increase slightly, for the next 10 years. We won't see a drop until the Millilenials are in their prime earning years and deluge the market with capital again.
1
Posted on 5/11/24 at 10:11 pm to Tantal
quote:
Interest rates are going to hold, or maybe even increase slightly, for the next 10 years. We won't see a drop until the Millilenials are in their prime earning years and deluge the market with capital again.
This!
As someone who works in the credit borrowing industry and look at credit reports on a daily basis and see what people spend money I can tell you this isn’t changing anytime soon
The reason we haven’t hit a recession is because this is the largest transfer of wealth I’ve ever seen…baby boomers have lots of cash and they are passing it down…it’s keeping things moving….until that runs low we won’t feel the real pain
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