Fed Fireball! Newly Listed Homes Decline -21% YoY In December (Worst Decline In 6 Years) As Fed Tightens Monetary Noose

Confounded Interest ^ | 01/12/2023 | Anthony B. Sanders

[Jonny7797]

First of all, the goal would be to pay less rent to increase cash flow. Second of all, you can get out of a rental agreement and move to a cheaper location a lot easier than getting out of a mortgage.

[SaxxonWoods]

“We aren’t going to see a perfect repeat of 2007 and the mortgage collapse and the recession that followed. But, one way or another, I think we will see a huge collapse.”

Nope, not even close.

Housing is in a shortage that has been building for ten years.
Sellers are taking their homes off the market because they don’t have to sell, they have equity and very low interest loans.
37% of homes have NO mortgage, an all-time high. That’s a big cushion for the market.
Custom builders have 2-year waiting lists for building new homes, have the orders, buyers have the land, are paying cash in many instances, and are just waiting for the labor to be available.

None of that adds up to a “huge collapse”.

[webheart]

Who posts this crap? Is it Anthony YoY Sanders posting his own blog? The Fed’s monetary policy is not a noose. They have been overly generous with interest rates for over a decade and it makes sense to improve the returns on savings of people who have been stashing their money for future needs. Why do we want the Fed to keep rates zero for savers and effectively negative for banks and corporations?

[Jolla]

While a good goal it is seldom I have seen a rental that was less than what a mtg is. Neighbors moved in across from us at the same time we bought same house basically, our mtg was $1765 their rent was $2000 when we left 10 years later they were paying $3000.
In the last two years we were paying rent at a third world apt complex it felt like and rent was $2200 nice building but difficult tenants. We bought this house, mtg is $1850. and a very nice place.
Certainly there are rentals cheaper than $1850 but I doubt they are in good shape, you are still not saving anything or making equity, just giving your money away.