When did we fall so low to where food, housing, and energy became a luxury? :icon17:

Never understood why they would have a separate "core" inflation number. Food and energy is a huge part of the global economy and is a daily necessity, and pricing of these 2 elements ALONE is what's hurting people the most.

That’s the 24 TRILLION dollar question. It’s called “moving the goal posts”.

You people are good with numbers! You know that you can always move numbers around to come up with the preferred answer! :stirthepot:

:: running and ducking :: :bowrofl::bowrofl::roflpuke2::roflpuke2:

I see Florida is on that list…

Oh my God this sign in notification that keeps popping up is getting really annoying.

:hello:

https://www.fox13news.com/news/the-f...sing-shortages

"The four US cities facing the biggest housing shortages."

Once again, take the media with a grain of salt. Severe housing shortages is coast to coast and nationwide. You may be seeing new housing developments, which is great, but this is only chipping away at the tip of the iceberg. You have close to 15 years worth of underbuilding since the housing crash, and it's not going to magically come back in an instant, as some media outlets like to portray.

Taking a cheat day from the cutting phase. Thanks to the kin folks at Costco, devoured 4 rotisserie chickens (minus the skin), a personal watermelon, and 1 gallon of water (to pee/sweat out the sodium).

:hello:

:hello::hello:

Happy Mid-morning all,
start of another week...
just enjoy the day / moment / because you never know
:)

Happy Monday everyone :hello:

You're saying humans didn't evolve on this planet? :confused:


Welcome back btw :tiphat:

I am sad to see the tags gone :(

Too bad a few people had to ruin it for everyone. There were some really funny tags at times. The plain, insulting ones got old quick tho.

:hello::hello:

its going to be a great week..

:hello::hello:

kin folk!

i miss the tags too, they made me famous.. :roflpuke2::roflpuke2:

In what sense? Define "evolve".

Do I believe that we have evolved technologically? Yes.
Do I believe that we have evolved to be lazy? Yes.
Do I believe that we have evolved intelligently? No.

COVID19 was artificial and man-made. Mother Nature may have indirectly provided the "tools" needed, but did not have a direct influence and was not made naturally.

And I suppose it's okay being back :hello:

https://www.cnn.com/2023/08/14/homes...ion/index.html


Home Depot’s slowing sales suggest Americans feel lousy about housing"

"Unsurprisingly, people continue to attribute the challenging housing conditions to high home prices and unfavorable mortgage rates"

Once again, media relaying bad advice. Mortgage rates are currently in the 7% to 8% range, and these rates are "unfavorable"? Remember the rates in the 70s/80s/90s, when rates were commonly in the double digits? And BTW, incomes have significantly gone up since the 70s/80s/90s. In other words, we are making more money now and with lower rates compared to previous decades, and yet, these rates are "unfavorable"? :shakes head:

The rate is the rate, and this can always be re-financed when rates drop. The biggest issue potential buyers should worry about is the supply, or lack thereof. Even if a lender can offer a 0% rate, if the buyer does not have a home to lock this on, the rate doesn't benefit anyone.

We are alien/hybrids.

:hello:

morning all
up and moving and going slow
all is good
:)

just finished up with a brutal workout outside before the sun cranks up the heat... feeling good brother. :happydance:

have a good day!

Evolve as in the dictionary definition to develop characteristics through evolutionary processes. But what I really mean that Mother Nature (i.e. evolution) is running the show and has been since the beginning of the planet. Humans are where we are today because of genetic mutations over time. And Mother Nature made sure to have a backup plan in case we go too far. We'll either destroy the environment so we can't live in it (pollution, deforestation, virus, nuke etc...) or we'll alter the environment such that more and more catastrophic occurrences eventually wipe us from the planet. The other option is for humans to develop a symbiotic relationship with the earth. Not likely.

My .02 is I think extrapolation bias is playing into this on both fronts. Media is reporting, using recent data and comparing that to data from the last 2-3 years, where rates plummeted to all time lows, driving the market to be red hot. Optically, this seems to be driving their narrative. Potential buyers are also still in a "wait and see" mindset, hoping that when rates drop they will be in the aforementioned range. Unfortunately for both, rates will never hit that low again, based off of current data models, and this approach to the housing market should be adjusted accordingly. Meaning, to your point, rates are in better ranges than in previous decades with current income levels on the rise.
On a side note, I also think these headlines are on purpose, to engage interaction in order to up that ad revenue on their webpages. My .02 though, not stating fact, just opinion.

Depends on who you read. We either live on a class 7 death world or a class 12 death world. We are not the apex predator. Just about everything here is designed to kill us.

Montana judge sides with youth activists in landmark climate change case.

The ruling in the first-of-its-kind trial in the US that establishes a government duty to protect citizens from climate change.

https://www.foxbusiness.com/politics...te-change-case

Somebody needs to tell the climate cult that pollution doesn’t stay over the two dirtiest country’s in the world: India and China.

Let me know when these clowns start suing their governments. This country is f’ed. I’ve never seen a bunch of kids that know so much about so little.

kin folk:hello::hello:

Man-made definition for the way Mother Nature runs things. Mother Nature may run the show, but through a natural process. There was NOTHING natural about COVID19.

The reason the Feds dropped the rates so low is to prevent from the economy crashing from COVID19 (i.e. quantitative easing). The low rates isn’t what made the market red hot, but rather the severe shortage of supply (stemming back from the housing crash in the late 2000’s), paired with global supply chain issues. Potential buyers shouldn't be so focused on rates alone, but rather getting a fair rate AND being able to find a home to get under contract in a short-supply environment.

The “wait and see” mentality is what separates the poor, rich, and wealthy (yes, there is a distinct difference between being rich and being wealthy). Real estate is one of the quickest ways to build wealth, and if someone has the means AND ability to buy, they should buy regardless of where rates are. There may be better times to buy, but there is no wrong time to buy real estate.

For example, Person A buys while rates are higher, but doesn’t have to deal with bidding wars, doesn’t have to offer anything over asking price, has the sellers even offer seller credits to offset certain costs (such as closing costs, discount points, repairs, etc.), isn’t expected to waive any contingencies built to protect the buyer, and has the ability to refinance to a lower rate when they drop.

Person B “waits and sees” until rates drop, which takes some time. And if rates did drop, they are having to offer over asking price just to even get their offer noticed (and still likely to get rejected to another higher offer), no chance of negotiating seller credits, is expected to waive certain/maybe all contingencies, and putting in 50+ offers and hoping 1 will get accepted.

I’ve done the math for plenty of clients, and 95% of the time, Person A will have spent way less money overall and not go through an emotional roller coaster (I've had grown-@$$ men cry in person because of the stress of putting in multiple offers and all getting rejected). Person A will also have built significant equity (i.e. wealth) compared to Person B who as only paid 100% interest and someone else’s mortgage by renting.

If people need to wait until rates drop to qualify, then they are not true qualified home buyers. Also, when rates dropped, this yielded to bidding/pricing wars, so someone that only qualified based on low rates would have been outpriced/outbidden anyway (this is where equity and wealth comes into play).

If we have another global pandemic, rates could absolutely drop down low again, though hopefully they know not to keep it as low and as long if that happened.

https://www.cnn.com/2023/08/15/busin...ngs/index.html

"Home Depot sales sink, but Warren Buffett is betting big on housing"

As per my previous post, mentalities is what can separate the poor, rich, and wealthy.

EFF YOU Warren Buffett for raising my car insurance rates, but you sure do know what most people don't when it comes to real estate.

:hello:

Man........is this forum sloooow......:shakes head:

Enjoy your reps Death Worlders. :tiphat:

I’m just trying to get used to living in a banana republic after that little stunt in Atlanta yesterday.

Now that you can be indicted on racketeering charges for a tweet, or watching TV it’s really not worth the predawn perpwalk.

This Country is dead. RIP.

Tucker Carlson has a 1 1/2 hour interview with RFK Jr. on Twitter. He blows the lid off of Fauci and the whole Covid fiasco.

Basically, Fauci found a loophole in the law and moved all his bioweapon labs over seas. Fascinating stuff.

Exactly, NOTHING natural about COVID19.

Plenty of places one could live without worrying about going Hungary, such as the Banana Republic and Turkey. Greece is needed for cooking.

https://www.cnn.com/2023/08/15/asia/...ntl/index.html

"North Korea confirms US soldier Travis King is in the country"

"King crossed the military demarcation line from South Korea into North Korea in July during a tour of the Joint Security Area inside the demilitarized zone. King, a junior enlisted soldier assigned to US Forces Korea, had faced assault charges in South Korea and was due to return to Fort Bliss, Texas and be removed from the military just one day before he crossed into North Korea, CNN has reported."

"'(H)e had assaulted an individual in South Korea and had been in custody of the South Korean government and was going to come back to the United States to face the consequences in the Army,' Wormuth said. 'And I’m sure that he was grappling with that.'"

"The Biden administration, meanwhile, has been debating whether to designate King as a prisoner of war, which could afford him greater protections under the Geneva Convention, defense officials told CNN."

He willfully and intentionally crossed into North Korea. Someone please explain to me how he could possibly be considered a POW?

:tiphat:

:ughdance:
I do believe the death throes are upon us…

:ugh2::ugh2: