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Old 06-18-2023, 09:52 PM
 
5,827 posts, read 4,166,204 times
Reputation: 7640

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Quote:
Originally Posted by Cicnod View Post
These policies and money injected into the system have to be signed by the President. If your name is on it you are responsible. Period. Dont sign it if you don't want to be held responsible. I have to laugh that you think a person signing off on something literally is. It responsible. You apparently have no concept of how contracts work

Due diligence is your friend. Go see how much borrowing and money pumped into the system happened under Biden. All of that is 100% on him. Everything Trump did is on him. Amazed at how smart you always seem to think you are but can't do some due diligence

I also have to laugh that you think Covid stimulus is the sole reason for inflation. All of the spending bills are the reason we have rampant inflation. Saying the President has no responsibility for inflation makes you look even more foolish. While it isn't only on him a major part of what he signed is the reason we are where we are.

Biden signs American Rescue Plan. 100% on him for attaching his name. Infrastructure Bill - 100% on him for attaching his name to it. CHIPS and Science Act of 2022 - 100% on him for attaching his name to it. Inflation Reduction Act.- This one is laughable. Pumping more money into the system to curb inflation. Great idea- 100% on him for attaching his name to it.

Trump was awful when it came to spending and he spent 4,5 Trillion as a federal budget until Covid and then jumped to over 6. Biden said hold my beer and all his budgets are going to be over 6. When you can't get within $1 Trillion dollars of what you take in without a catastrophic situation which we have not had in over 2 years now you are definitely part of the problem. If the next President Reoub or Dem does the same he/she too will be part of the problem.
Pointing out garden variety government overspending when discussing 9%+ CPI causes is sort of like saying the bull that ran me over wouldn't have been so heavy if he hadn't been overfed yesterday by the farmer. It's true that surplus spending is inflationary, but it's a drop in the bucket relative to the Covid stimulus spending. We put money in the hands of people in ways and amounts we had never approached before. Add in historically low rates and supply chain shutdowns, and discussing the President signing regular surplus spending bills three years later and saying he's a major cause of inflation is just silly. The hay was in the barn long ago.
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Old 06-19-2023, 05:44 AM
 
169 posts, read 104,060 times
Reputation: 164
Quote:
Originally Posted by Wittgenstein's Ghost View Post
Pointing out garden variety government overspending when discussing 9%+ CPI causes is sort of like saying the bull that ran me over wouldn't have been so heavy if he hadn't been overfed yesterday by the farmer. It's true that surplus spending is inflationary, but it's a drop in the bucket relative to the Covid stimulus spending. We put money in the hands of people in ways and amounts we had never approached before. Add in historically low rates and supply chain shutdowns, and discussing the President signing regular surplus spending bills three years later and saying he's a major cause of inflation is just silly. The hay was in the barn long ago.
No doubt this is not isolated to Biden administration only and no other person is responsible. Supply chain shutdowns are not a cause of inflation. If there is no money for people to spend higher prices because of supply issues are irrelevant. The Fed acted way too late as well so I have no issue there. Overspending by trillions is not a drop in the bucket though. Sorry anybody who signs a bill called the Inflation reduction act and the act itself is to pump more money into the system is too stupid to hold office and definitely bears some of the blame. That would be like giving an envelope to a drug addict full of money and labeling it the Rehabilitation Fund and then being surprised when they didn't get off drugs with the money.

The other issue is not one thing is objectively better since he took office. Housing cannot get better that this point anymore. Rates are beyond most people's ability to move up anymore due to huge rate disparity.
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Old 06-19-2023, 05:51 AM
 
Location: Dallas
674 posts, read 333,832 times
Reputation: 859
Quote:
Originally Posted by Wittgenstein's Ghost View Post
The quote above is factually incorrect, and evidently CNBC's "Make It" staff, which is already amateur hour, realized the same because they have since reworded it to say this:

That's because core inflation — which excludes volatile food and gas prices — remains high at a year-over-year rate of 5.3%. In May, core inflation rose by 0.4%, following steady monthly increases averaging 0.4% so far in 2023.

Prices are rising, core inflation is not. I'm not surprised that the writers who spend most of their time telling us about the four foods Harvard nutritionists never eat and the six words that can make you sound smarter don't know the difference between rising prices and rising inflation.

You can view core inflation here: https://tradingeconomics.com/united-...inflation-rate


The Fed has taken us from over 8% to 4% and thus far hasn't kicked off a recession. Every prognosticator there was thought we'd be in a recession by now. They've balanced on the tight rope better than anyone could possibly have asked for, so their credibility is pretty good in my book right now.

Pausing was the obvious move, and you only disagree because you are rooting against the economy.
Wish I could rep you for this (and basically every post in this thread after this).

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Old 06-29-2023, 06:23 PM
 
252 posts, read 207,481 times
Reputation: 353
Quote:
Originally Posted by DFW_FTW View Post
Current mortgage and refinance rates
Accurate as of 05/05/2023.

Product Interest rate
30-year fixed-rate 6.415%
20-year fixed-rate 6.149%
15-year fixed-rate 5.304%
10-year fixed-rate 5.750%
7-year ARM 6.384%
5-year ARM 6.047%
3-year ARM 6.125%
30-year fixed-rate FHA
30-year fixed-rate VA 5.448%


Highland Park, TX Housing Market
In April 2023, the median listing home price in Highland Park, TX was $3.4M, trending up 2.7% year-over-year. The median listing home price per square foot was $808.


University Park, TX Housing Market
In April 2023, the median listing home price in University Park, TX was $2.5M, trending up 48.5% year-over-year. The median listing home price per square foot was $566.


Lucas, TX Housing Market
In April 2023, the median listing home price in Lucas, TX was $1.1M, trending up 32.5% year-over-year. The median listing home price per square foot was $300.


Melissa, TX Housing Market
In April 2023, the median listing home price in Melissa, TX was $515K, trending up 5.6% year-over-year. The median listing home price per square foot was $204.


Southlake, TX Housing Market
In April 2023, the median listing home price in Southlake, TX was $1.5M, trending up 38.1% year-over-year. The median listing home price per square foot was $349.

Bedford, TX Housing Market
In April 2023, the median listing home price in Bedford, TX was $365K, trending up 8.1% year-over-year. The median listing home price per square foot was $206.


Colleyville, TX Housing Market
In April 2023, the median listing home price in Colleyville, TX was $900K, trending up 15.5% year-over-year. The median listing home price per square foot was $266.


Prosper, TX Housing Market
In April 2023, the median listing home price in Prosper, TX was $848.7K, trending up 37.7% year-over-year. The median listing home price per square foot was $259.


Mesquite, Dallas County, TX Housing Market
In April 2023, the median listing home price in Mesquite, Dallas County, TX was $308.5K, trending up 7.9% year-over-year. The median listing home price per square foot was $179.


Sachse, TX Housing Market
In April 2023, the median listing home price in Sachse, TX was $482.4K, trending up 13.5% year-over-year. The median listing home price per square foot was $203.


Carrollton, TX Housing Market
In April 2023, the median listing home price in Carrollton, TX was $448.9K, trending up 12.3% year-over-year. The median listing home price per square foot was $217.


The Colony, TX Housing Market
In April 2023, the median listing home price in The Colony, TX was $500K, trending up 11.1% year-over-year. The median listing home price per square foot was $233.


Little Elm, TX Housing Market
In April 2023, the median listing home price in Little Elm, TX was $479K, trending up 19.8% year-over-year. The median listing home price per square foot was $203.


Lewisville, TX Housing Market
In April 2023, the median listing home price in Lewisville, TX was $440K, trending up 8.1% year-over-year. The median listing home price per square foot was $223.


Farmers Branch, TX Housing Market
In April 2023, the median listing home price in Farmers Branch, TX was $480.8K, trending up 20.5% year-over-year. The median listing home price per square foot was $240.
Current mortgage and refinance rates
Accurate as of 06/29/2023.

Product Interest rate
30-year fixed-rate 6.635%
20-year fixed-rate 6.613%
15-year fixed-rate 5.863%
10-year fixed-rate 5.868%
7-year ARM 6.795%
5-year ARM 6.576%
3-year ARM 6.125%
30-year fixed-rate FHA 6.752%
30-year fixed-rate VA 5.944%

Southlake, TX Housing Market
In May 2023, the median listing home price in Southlake, TX was $1.6M, trending up 12.7% year-over-year. The median listing home price per square foot was $369. The median home sold price was $818.8K.

Farmers Branch, TX Housing Market
In May 2023, the median listing home price in Farmers Branch, TX was $519K, trending up 20% year-over-year. The median listing home price per square foot was $262. The median home sold price was $486.3K.

Plano, TX Housing Market
In May 2023, the median listing home price in Plano, TX was $550K, trending up 2% year-over-year. The median listing home price per square foot was $226. The median home sold price was $492.2K.


Dallas, TX Housing Market
In May 2023, the median listing home price in Dallas, TX was $499K, trending up 5.1% year-over-year. The median listing home price per square foot was $268. The median home sold price was $397K.

University Park, TX Housing Market
The median listing home price in University Park, TX was $2.3M in May 2023, trending up 26.7% year-over-year. The median listing home price per square foot was $552.

Weatherford, TX Housing Market
In May 2023, the median listing home price in Weatherford, TX was $539.5K, trending up 17.3% year-over-year. The median listing home price per square foot was $221. The median home sold price was $363.8K.
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Old 07-03-2023, 06:54 AM
 
Location: OC
12,822 posts, read 9,541,088 times
Reputation: 10615
Price per square foot looks great. You guys must have huge homes!
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Old 07-08-2023, 09:25 AM
 
252 posts, read 207,481 times
Reputation: 353
Quote:
Originally Posted by Gaylord_Focker View Post
Price per square foot looks great. You guys must have huge homes!
Everything is bigger and better in Texas
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