The New “What did you do with your Z today” (with off topic replies)

eastwest2300 · 07-08-2023, 08:01 PM

sooo nice for Trips to stop in...

eastwest2300 · 07-08-2023, 08:02 PM

stay safe boys and girls.. the world is a scary place.

MZ DAIZY · 07-09-2023, 05:37 AM

Quote:

Originally Posted by eastwest2300

stay safe boys and girls.. the world is a scary place.

Love me, Daddy!

eastwest2300 · 07-08-2023, 08:03 PM

keep that iggy list updated..

eastwest2300 · 07-08-2023, 08:08 PM

its there for a reason, don't be afraid to use it... use it with confidence.

eastwest2300 · 07-08-2023, 08:08 PM

eastwest2300 · 07-08-2023, 08:18 PM

we ain't strong enough dude.

eastwest2300 · 07-08-2023, 08:25 PM

Reps out, enjoy ladies and gents.

eastwest2300 · 07-08-2023, 08:38 PM

20 minutes to UFC 290, lets gooooooo!

eastwest2300 · 07-08-2023, 08:41 PM

Robbie Lawler with a 1st round knockout!!

41 years old, and just officially retired.. wowwwww.

eastwest2300 · 07-08-2023, 09:06 PM

its timeeeeeeeeeee.

eastwest2300 · 07-08-2023, 09:15 PM

vtec to vvel · 07-08-2023, 10:30 PM

https://www.cnn.com/2023/07/08/busin...ces/index.html

"Why isn’t the housing market behaving the way it’s supposed to?"

"Why did mortgage rates stop responding to Fed hikes?"

As I always have said, take the media with a grain of salt. Yet another article that will confuse and possibly mislead potential home buyers.

The Federal Reserve rate hikes DO NOT directly affect mortgage rates. When the Feds raise rates, this is mostly affects personal loans, credit cards, auto loan rates, etc. There are several factors that affect mortgage rates, and while the Federal Reserve rate hikes may INDIRECTLY affect mortgage rates, the biggest driver of mortgage rates is inflation. As inflation goes up, so does mortgage rates and vice versa.

Simple economics of supply/demand. While mortgages rates going up should theoretically drive pricing down, this simply is NOT happening because of the lack of supply. Ever since the housing crash in the late 2000's, alot of homebuilders have gone defunct and those that were fortunate enough to survive have built cautiously and nowhere enough to meet the demands of today (15 years of underbuilding, while households have grown since and with Millennials/Gen Z reaching the age of homeownership).

You will also hear the media say prices are starting to cool down, BUT keep in mind on the home prices before/during/after COVID. When rates dropped during COVID, home prices AND values skyrocketed. So while prices may have come down, they are still above what they were pre-COVID.

For those that are looking to buying a home, make sure you shop around lenders and really test your Loan Originator by asking them questions to ensure they know what the h3ll they are doing and what they are talking about.

Leingod · 07-08-2023, 10:30 PM

Just passing through...

blackcherry20 · 07-09-2023, 11:39 AM

Quote:

Originally Posted by Leingod

Just passing through...

07-08-2023, 08:01 PM	#1 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	sooo nice for Trips to stop in... FL 4Motion likes this. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:02 PM	#2 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	stay safe boys and girls.. the world is a scary place. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:03 PM	#4 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	keep that iggy list updated.. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:08 PM	#5 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	its there for a reason, don't be afraid to use it... use it with confidence. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:08 PM	#6 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	__________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:18 PM	#7 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	we ain't strong enough dude. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:25 PM	#8 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	Reps out, enjoy ladies and gents. FL 4Motion and blackcherry20 like this. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:38 PM	#9 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	20 minutes to UFC 290, lets gooooooo! __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 08:41 PM	#10 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	Robbie Lawler with a 1st round knockout!! 41 years old, and just officially retired.. wowwwww. JARblue likes this. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 09:06 PM	#11 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	its timeeeeeeeeeee. __________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 09:15 PM	#12 (permalink)
eastwest2300 A True Z Fanatic Join Date: May 2010 Location: South FL Posts: 91,035 Drives: '16QX70/'21 Supra3.0 Rep Power: 2684553	__________________ Infiniti QX70 & Toyota Supra 3.0 Premium

07-08-2023, 10:30 PM	#13 (permalink)
vtec to vvel A True Z Fanatic Join Date: Feb 2015 Location: In a house Posts: 4,027 Drives: Z Rep Power: 502912	https://www.cnn.com/2023/07/08/busin...ces/index.html "Why isn’t the housing market behaving the way it’s supposed to?" "Why did mortgage rates stop responding to Fed hikes?" As I always have said, take the media with a grain of salt. Yet another article that will confuse and possibly mislead potential home buyers. The Federal Reserve rate hikes DO NOT directly affect mortgage rates. When the Feds raise rates, this is mostly affects personal loans, credit cards, auto loan rates, etc. There are several factors that affect mortgage rates, and while the Federal Reserve rate hikes may INDIRECTLY affect mortgage rates, the biggest driver of mortgage rates is inflation. As inflation goes up, so does mortgage rates and vice versa. Simple economics of supply/demand. While mortgages rates going up should theoretically drive pricing down, this simply is NOT happening because of the lack of supply. Ever since the housing crash in the late 2000's, alot of homebuilders have gone defunct and those that were fortunate enough to survive have built cautiously and nowhere enough to meet the demands of today (15 years of underbuilding, while households have grown since and with Millennials/Gen Z reaching the age of homeownership). You will also hear the media say prices are starting to cool down, BUT keep in mind on the home prices before/during/after COVID. When rates dropped during COVID, home prices AND values skyrocketed. So while prices may have come down, they are still above what they were pre-COVID. For those that are looking to buying a home, make sure you shop around lenders and really test your Loan Originator by asking them questions to ensure they know what the h3ll they are doing and what they are talking about. FL 4Motion, Rusty and MZ DAIZY like this.

07-08-2023, 10:30 PM	#14 (permalink)
Leingod A True Z Fanatic Join Date: Mar 2015 Location: Some Place Cold Posts: 16,065 Drives: In Circles Rep Power: 2684398	Just passing through... FL 4Motion, JARblue, Rusty and 2 others like this. __________________ I AM FLOOF! SOMEBODY FLOOF MY HORN!! ALL HAIL THE FLOOF!!I JUST FLOOFED ON THE FLOOR

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