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saw an article a few days ago about white people in California moving to Mexico. It didn't mention Mexicans moving to California.
The Narrative. Mexico is so great, all these Americans are moving there! It's so NON-WHITE, and so GOVERNMENT-FOCUSED. Tyranny is SO KEWEL.saw an article a few days ago about white people in California moving to Mexico. It didn't mention Mexicans moving to California.
sounds like the US.The Narrative. Mexico is so great, all these Americans are moving there! It's so NON-WHITE, and so GOVERNMENT-FOCUSED. Tyranny is SO KEWEL.
If you import the Turd World, you become the Turd World.sounds like the US.
If you import the Turd World, you become the Turd World.
The Narrative. Mexico is so great, all these Americans are moving there! It's so NON-WHITE, and so GOVERNMENT-FOCUSED. Tyranny is SO KEWEL.
It's The Narrative, and these news-morons can look at the million invaders coming in, demanding food, and never question the script they've been given.
Like all of Eurostan.like germany?
Holy shit.Like all of Eurostan.
Elsewhere, someone here linked to a nooze blurb from London, of how the current crop of 5-year-olds coming into one district's kindergarten classes, were not toilet trained, hadn't learned their own names, and were eating baby food and sucking on baby bottles.
Unmentioned in that PC writeup, was what KIND of English these kids were. Or if their names were all Mohammed.
Holy shit.
Sandn*Like all of Eurostan.
Elsewhere, someone here linked to a nooze blurb from London, of how the current crop of 5-year-olds coming into one district's kindergarten classes, were not toilet trained, hadn't learned their own names, and were eating baby food and sucking on baby bottles.
Unmentioned in that PC writeup, was what KIND of English these kids were. Or if their names were all Mohammed.
like you said before --- stay long areas serving white flight. the murderous shitholes are bleeding people -- literally and figurativelyHardly any sellers are lowering their asking prices around here. Anything half decent gets snapped up in days. 35 to 40% of buyers are paying cash.
#2 The Dow Jones Industrial Average fell beneath the psychologically important 30,000 barrier for the first time in more than a year on Thursday. If it cannot return to that level within the next few trading sessions, a lot of investors are really going to start to panic.The U.S. stock market rout that has put U.S. equities in a bear market isn’t just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It’s also taking a toll on Americans’ retirement savings, wiping out trillions of dollars in value.
The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401(k) rollovers — have lost $2 trillion this year.
#8 The largest percentage of sellers ever recorded reduced the list price on their homes during the four week period ending June 12th.Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan this week rose to 5.78% from 5.23%, the latest in a series of rapid increases and the biggest one-week jump since 1987. The rate is well above the 2.93% recorded just one year ago and marks the steepest level since November 2008.
#14 The Atlanta Fed’s GDPNow tracker is now projecting that economic growth during the second quarter will be 0 percent.Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday.
The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April.
Jay-zhus.Friend just sold his wife's mothers house in Cleveland area. Asked 230K. 10 people walked through on the first day. 5 bids. 249.9K bought it. Cash buyer. Backup was 245K cash buyer.
That debt is the banksters lifeblood.I live in Durham NC close to the Raleigh border. They say there is a housing shortage down here. Maybe but I am seeing an incredible amount of new construction going up. Most of the developments are ranches with what appears to be 5 foot side yards. For the most part these houses are on the small side. 400-450K for shoe boxes.
jumbos usually have a higher rate. why has that flipped? is it the mbs market valuing them higher?Ok, back to looking into the void... after last weeks increase these same rates bumped up close to 6.375% for 30 fixed. Stayed there a couple of days.. notice them creeping back down to these from yesterday. All very weird guys, bigger story here just not enough data yet to interpret.. but it appears rate increase didn't take and some lenders are jumping on the sword
View attachment 264980
Ok, back to looking into the void... after last weeks increase these same rates bumped up close to 6.375% for 30 fixed. Stayed there a couple of days.. notice them creeping back down to these from yesterday. All very weird guys, bigger story here just not enough data yet to interpret.. but it appears rate increase didn't take and some lenders are jumping on the sword
View attachment 264980
my best guess is credit quality -- maybe jumbos have lower default rate - so the mbs buyers are willing to pay more?Just more indication that business is Very slow. I am puzzled by why jumbo rates are a full point less than smaller loans. That makes no sense as they had always been higher than the conforming rates.
jumbos usually have a higher rate. why has that flipped? is it the mbs market valuing them higher?
the arms are still a great rate. guess we cant blame the housing market problems on int rates
my best guess is credit quality -- maybe jumbos have lower default rate - so the mbs buyers are willing to pay more?
some arms in that chart are fixed for the first 15 years. that gives one 15 years to refi. a good bet, because frbny prefers to keep rates as close to zero as possible for (the banker) bonus pools.Disagree on the ARMS. That is a Terrible option, I don't care what the rate says your risk is Sky high. If you want to risk all your equity and down payment on the central banker, well good luck.
Thanks EO & Voodoo,jumbos usually have a higher rate. why has that flipped? is it the mbs market valuing them higher?
the arms are still a great rate. guess we cant blame the housing market problems on int rates
Every meeting with a lender has me asking that question, the brokers just give me this glazed look and say it is what it is. The larger the deal the bigger the commission.... to which i remind them it's illegal to smoke dope in SC, but soon to be highly encouragedJust more indication that business is Very slow. I am puzzled by why jumbo rates are a full point less than smaller loans. That makes no sense as they had always been higher than the conforming rates.