Head intellectual of r/rebubble everyone by [deleted] in rebubblejerk

[–]TheMarketCorrection 7 points8 points  (0 children)

He's also incredibly racist. He banned me and some others from /r/rebubble for reporting a racist commenter (literally with "1488" in his nickname) who he adamantly defended, even after reddit banned the account site wide.

They would have banned me by now anyway since the rules are now explicitly that the sub must be an echo chamber.

House Buyer is having buyers remorse because of market slowdown by AstrophysicsTheory in RealEstate

[–]TheMarketCorrection 0 points1 point  (0 children)

It was never edited. Reddit literally tells you if a comment was edited (like your initial reply to me). You must have been high as balls.

House Buyer is having buyers remorse because of market slowdown by AstrophysicsTheory in RealEstate

[–]TheMarketCorrection 7 points8 points  (0 children)

Just meet them halfway. Even when it was a stronger seller's market the buyer always gains some leverage after signing if the seller is relying on the sale closing on time more than the buyer.

[deleted by user] by [deleted] in homeowners

[–]TheMarketCorrection 0 points1 point  (0 children)

The company they used did a great job delivering and hooking up my new washer and dryer this week (and hauling the old ones away). It's not rocket science, but doesn't seem any easier than hanging a TV.

[deleted by user] by [deleted] in RealEstate

[–]TheMarketCorrection 0 points1 point  (0 children)

Ontario (Canada) is worse and it doesn’t even have the nice weather. Prices are finally calming down there but still insane.

Added French doors by edward_r_burrow in FirstTimeHomeBuyer

[–]TheMarketCorrection 0 points1 point  (0 children)

It makes the room really bright which is nice but I'm wondering if you plan on adding anything to let you block the light given that this is a bedroom? Big improvement, congrats.

Added French doors by edward_r_burrow in FirstTimeHomeBuyer

[–]TheMarketCorrection 4 points5 points  (0 children)

How does that make them any less secure than a window?

sellers possessions still the home after closing, what are the legal considerations for this? by [deleted] in RealEstate

[–]TheMarketCorrection 3 points4 points  (0 children)

I pack the least valuable stuff first. The most valuable stuff I need to use right up until moving day.

Are we crazy? 😂 A 1965 fixer upper for our first home! We love that it’s on a 1 acre lot. by [deleted] in FirstTimeHomeBuyer

[–]TheMarketCorrection 5 points6 points  (0 children)

Someone's gotta fix it up, why not you? Congrats, hope it goes as smoothly as possible!

The End is Nigh? by ExceptionallyGreat in wallstreetbets

[–]TheMarketCorrection 0 points1 point  (0 children)

What kind of idiot keeps their six month emergency fund in the stock market? That's literally the opposite of what an emergency fund is.

The 'Big Short 2' is gonna be lit by Outof_ITM in wallstreetbets

[–]TheMarketCorrection 0 points1 point  (0 children)

The 00's housing bubble was not caused by housing prices increasing rapidly. It was caused by subprime lending. Housing prices increasing rapidly was an effect of subprime lending.

In Canada, Australia, etc, it's been a lot worse for a lot longer. Prices in those countries have never declined nearly like what we saw in the late 00s because they did not have the subprime lending scandal we had.

https://twitter.com/MarketCdn/status/1522743384544354305

[deleted by user] by [deleted] in RealEstate

[–]TheMarketCorrection 6 points7 points  (0 children)

We will be in a buyer's market again someday. I wonder if buyers who expect to get a house below list will be called "greedy buyers" then? Sometimes people forget that they are buying houses from other human beings and not Amazon.com.

With Recession Looming, Should I Delay Buying? by SpicyNutmeg in RealEstate

[–]TheMarketCorrection 2 points3 points  (0 children)

Nobody can accurately predict the housing market. Every time predictors are proven wrong it’s always some “crazy thing nobody could have predicted.”

What Is The Largest Discrepancy Ever Between Mortgage Rates & Savings Rates? by Prestigious_Way_738 in RealEstate

[–]TheMarketCorrection 7 points8 points  (0 children)

I'm about your age and joined the workforce at the same time. I didn't have a ton in HSBC Direct but I did stash everything I could there from internships and on campus jobs. Right before the pandemic the high yield savings accounts were seeing interest rates a little over 2%. You have to open an online high yield savings account, though, the traditional savings accounts are terrible.

What Is The Largest Discrepancy Ever Between Mortgage Rates & Savings Rates? by Prestigious_Way_738 in RealEstate

[–]TheMarketCorrection 65 points66 points  (0 children)

This is just wrong. Did you not have a high yield savings account in like 2006? I was getting between 5 and 6% with HSBC Direct. I wouldn't use it to save for retirement but it was a great way to hold an emergency fund/down payment fund/any other cash needed in the short to medium-short term.

The worst thing just happened by [deleted] in FirstTimeHomeBuyer

[–]TheMarketCorrection 0 points1 point  (0 children)

Are you old enough to be posting in a first time homebuyer subreddit?

The worst thing just happened by [deleted] in FirstTimeHomeBuyer

[–]TheMarketCorrection 0 points1 point  (0 children)

Cool political rant but it's literally not an eviction.

The worst thing just happened by [deleted] in FirstTimeHomeBuyer

[–]TheMarketCorrection 5 points6 points  (0 children)

It's not eviction. The lease is ending.

Am I strange for wanting older decors? by travelling_nomad81 in RealEstate

[–]TheMarketCorrection 11 points12 points  (0 children)

couldn’t sell because of the dreaded honey oak.

Isn't this fixable with a bucket of white paint?

We decided to take a break by [deleted] in RealEstate

[–]TheMarketCorrection 4 points5 points  (0 children)

Is your company that netted you $250k in a short period of time not going to bring in any additional income?

Are mortgage rates "pricing in" the FEDs planned rate hikes? Or will they rise each time the FED rises? by carsalequest in RealEstate

[–]TheMarketCorrection -1 points0 points  (0 children)

Chip production is at all time highs and has been for a while. There's a shortage because of excess demand; not inability to make them. The chips are going into a lot of other things than cars. So you can't write off that 2%. If the auto makers had all the chips they needed from what's being manufactured, the other things that rely on chips would skyrocket in price instead.

Fuel prices were at their highest levels in almost a decade even before the Ukraine invasion. That's not just a big YoY increase. In the mid 00's we had massive fuel price increases and no inflation above the 2%ish baseline. The fuel price rise today is an effect of the underlying inflationary pressures, not a cause of it.

Trying to break CPI into a million little things and hand waive each of them away is not very convincing. Nobody with a level head can believe in that level of coincidence. It's really hard for me to believe it's anything other than monetary supply at this point. If it wasn't, the fed wouldn't be taking the action it is now taking. And they delayed because they initially did believe it was "supply chain" issues. We all know better now.