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2024-06-02 Economy

Is The Housing Market Headed For An Obama Admin Crash Repeat?

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Posted by NN2N1 2024-06-02 04:07|| E-Mail|| Front Page|| [112 views ] Top

#1 Refrigerator box value is through the roof.

Posted by Super Hose 2024-06-02 11:24|| 2024-06-02 11:24|| Front Page Top

#2 This is a problem if you are in early days of a high interest rate mortgage or home equity loan that goes underwater. It's a problem if you are a bank that holds those instruments. It's a problem if you are a stockholder in an institution that owns those instruments. It's a problem for everyone when the housing market coughs and the rest of the economy has an asthma attack.

The 2008 mess was mainly due to the synthetic packaging of bad mortgages and loans into toxic securities. Guardrails for that are in place now but that doesn't mean there isn't a new scam being worked to get around them.

Posted by M. Murcek 2024-06-02 11:33|| 2024-06-02 11:33|| Front Page Top

#3 That's looking at the high end.
Consider the low end...

Trump's ex-immigration chief Chad Wolf says Americans must get used to mass illegal migrant deportations.

Posted by Skidmark 2024-06-02 12:09|| 2024-06-02 12:09|| Front Page Top

#4 #3 ^
I have my doubts that enough of Generation (Whatever) will ever learn to actually build or produce something useful that the public needs to continue its survival?

Posted by NN2N1 2024-06-02 18:35|| 2024-06-02 18:35|| Front Page Top

#5 will ever learn to actually build or produce something useful

Sure they will. There are directions all over YouTube and interest groups on Facebook, etc. This is the generation that’s increqsingly turning their backs on expensive but useless college degrees, while their noisy, hate-filled college peers are rendering themselves unemployable in living colour.

Posted by trailing wife 2024-06-02 22:45|| 2024-06-02 22:45|| Front Page Top

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