:hello::hello::hello:

https://www.cnn.com/2023/09/14/homes...-14/index.html

"Mortgage rates inch up, lingering above 7%"

If you have the means and ability to buy a home, then by all means proceed. You can always refinance the home when rates drop, all the while you are building wealth/equity.

That being said, for those that are wondering when rates will drop, a very strong indicator of where mortgage rates are headed is inflation, as these 2 have a very strong correlation with each other.

Contrary to popular belief, the Federal Reserve does NOT set/determine mortgage rates.

:hello:

Ran into another Supra on Sunday. I like the back of the car but holy hell the front is sooooo ugly.

Mornin' folks!:tiphat:

You mean kin folk :tiphat:



I also see it takes like 30yrs to make a post here again.

Not sure if anyone posted this - but I guess my 'hope' of auto prices starting to go down will be just a figment of my imagination:

https://www.npr.org/2023/09/15/11996...g-3-automakers

A historic strike at the Detroit Three automakers is now underway.

For the first time ever, the United Auto Workers union is striking against all Big Three automakers at once, after it failed to clinch a deal on a new contract by the 11:59 p.m. deadline on Thursday.

The weekend has finally begun boys and girls... enjoy it! :tiphat:

stay frosty. :icon17:

:hello::hello:

Nope, expect car prices to go up even further.

The Good: Not all automakers are affected by the strike and only pertains to the American car manufacturers. Most foreign automakers are not unionized, so this wouldn't apply to them, though they could possibly capitalize on this.

The Bad: Expect for car prices to continue to rise on top of already inflated pricing. Car prices have elevated due to supply shortages and this shortage will only get worse. Keep in mind that semiconductors require Neon gas to be produced, and 70% of the global supply comes from Ukraine, which is currently fighting a war, so there is a good chance they are not focused on Neon gas production.

The Ugly: Expect for elevated car prices to stay inflated, paired with elevated interest rates. Unless you are paying cash, you are paying alot more to borrow only for less value/buying power.

https://www.cnn.com/2023/09/15/busin...uaw/index.html

"Buying a car? What the UAW strike means – and doesn’t mean – for auto sales"

:hello:

MK4 > new bmw

:hello::hello::hello::hello::hello::hello::hello:

Seen an interview where the guy said that EV's take 40% less man hours to produce than a ice vehicle. That was an eye opener.

The other part is a steady supply of lithium. Only a few places mine it. With what the gov't wants with the EV's. There won't be enough to supply all the proposed EV's. BUT they JUST found an area along the Idaho border that may be the biggest yet. Lets see what the Greenies do about it. Can't have your cake and eat it too.

That's a good point. Maybe they'll start making electric bulldozers by then?