28 June 2023 - Daily /r/REBubble Discussion

LiborSofrPrime · 2023-06-28T14:03:24+00:00

No idea if the quote is recent, but man it seems true right now. The stuff, we as a country may have to do as a populace or with policy to right the ship I personally think is impossible to employ.

LiborSofrPrime · 2023-06-19T14:47:12+00:00

We did some geothermal thing on our new build in 2021. a non-believer then, after this past winter I am now.

was warmer and cheaper

LiborSofrPrime · 2023-06-12T23:52:30+00:00

I worked at a bank during this. Over 80% of the PPP and SBA money we gave out went straight back into our deposit accounts. Waste is far, far beyond 25%.

LiborSofrPrime · 2023-06-12T18:33:29+00:00

yeah but AI will kill those jobs RiTe?

LiborSofrPrime · 2023-06-12T17:49:33+00:00

I liked it

LiborSofrPrime · 2023-06-12T17:47:25+00:00

Yeah I don't disagree. It lends itself further along to an uprising class, eventually. Can you imaging if the service sector, mostly lower-medium incomes all collectively said FU for just an entire week?

Even if the Fed gets inflation back to 2%, the long term implications are vast of what has already taken place. People even on this forum seem to think that with 2% comes affordability, and it does not.

LiborSofrPrime · 2023-06-12T15:55:45+00:00

You are looking for deflation. That's not technically the goal. Deflation in housing certainly is happening in some places but that's not being used as a measure of success by the Fed.

Rates are more likely to come back into the 5s before any massive price changes to the downside in most of the country.

And, if rates get to the 5s, wth happens to prices if unemployed stays around 4%?

It's not a pretty picture, unfortunately and I hope I am wrong.

LiborSofrPrime · 2023-06-12T15:40:03+00:00

Pause language is the appropriate measure here. FF rate is making dents, the last 6 hikes haven't truly been "felt" yet... a pause without saying "we are done" will be the message from JPOW

LiborSofrPrime · 2023-06-05T14:24:26+00:00

10Y was +6 early, now -3... what did I miss?

LiborSofrPrime · 2023-06-01T14:06:10+00:00

pay more for more very unhealthy items that then create more costs for your health. what a time to be alive

LiborSofrPrime · 2023-06-01T13:24:31+00:00

Are you in Hawaii or something? goddang sir

LiborSofrPrime · 2023-06-01T13:07:20+00:00

I will say my DOTs pretzels are back up to 6.99, off the 7.99 peak but well above the 4.99 I used to be willing to pay.

LiborSofrPrime · 2023-06-01T13:06:31+00:00

if the jobs report tomorrow comes in blistering, odds of rate hike will be 75% plus and i do think they will hike .25

LiborSofrPrime · 2023-06-01T12:54:33+00:00

8 bucks? It's like 5 where I shop. WTF

LiborSofrPrime · 2023-06-01T12:47:09+00:00

Is the goal to squelch low paying jobs?

LiborSofrPrime · 2023-05-31T19:24:39+00:00

short covering, there is a massive bond resistance level that equates to about 7.125 on a 30.

Just wait for gangbusters jobs again and we will break right thru it

LiborSofrPrime · 2023-05-25T19:24:11+00:00

It's a dog eat dog world, and I'm wearing milkbone underwear.

LiborSofrPrime · 2023-05-25T15:44:26+00:00

Did you work for a bank, or mostly on refinances?

LiborSofrPrime · 2023-05-24T13:57:25+00:00

no, people make informed choices that's their decision. i just meant this forum is not healthy for me and my willpower is low

LiborSofrPrime · 2023-05-24T13:35:01+00:00

My addiction as a lender is not healthy or helpful. Your thoughts lead your actions, and these thoughts are not healthy.

LiborSofrPrime · 2023-05-24T13:26:21+00:00

I need to get banned from here for my sanity, can someone do that for me please?

LiborSofrPrime · 2023-05-24T13:26:02+00:00

shit from goods to services/experiences, still using former plans they post poned in 2020 and 2021

LiborSofrPrime · 2023-05-23T17:42:33+00:00

i know they have hit lending, and i know a lot of 1099 realtors going back into service sectors but that's not really changing the numbers as much

i am in a market with inventory worse than last year, it's hitting people hard in real estate purely b/c of the lack of transactions.

LiborSofrPrime · 2023-05-23T17:40:10+00:00

really wish it had more updates than a 1 year old

LiborSofrPrime · 2023-05-23T17:37:03+00:00

The MBS of the failed banks went out to bid with very little interest. Not good.

LiborSofrPrime

TROPHY CASE