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Hopefully, the good mood will continue forever.
But a couple of things are problematic:
1) The price of gasoline. That hits nearly everyone at some point.
2) The looming real estate crash. 3.5M homeowners are behind on their mortgage payments, and banks cannot foreclose thanks to the CARES act. That will all come to and end soon and banks will be able to foreclose. That, and the falling price of lumber will create downward pressure on home prices. It is estimated 2.5M homes will be listed and foreclosed - there are 600K now, while 1.8M is considered normal.
Looks pretty rosy now, although neither Biden nor Harris will be able to capitalize on the mood. I, for one, do not look for this "wealth effect" to last much longer. The real estate crunch may well bring the stock market down; it usually does.
ummmmmm. People now wish to God they have voted Trump. Also y'all cheated last time and are trying hard to cheat this time. We're onto y'all and will be prepared.
Like the court told Rudy, shut up and show us the hard evidence. Crickets. He had nothing. Now is being sued by Dominion Voting Systems. Trump has a zero chance of winning now that his company bookkeeper has been indicted. They have the 2 sets of books. What fools to get caught with those. More on that to come. You would think, as bad as his businesses are doing, losing millions as we speak. Now out of office, he would be focusing on fixing that. He knows he can make more scamming his supporters.
Hopefully, the good mood will continue forever.
But a couple of things are problematic:
1) The price of gasoline. That hits nearly everyone at some point.
2) The looming real estate crash. 3.5M homeowners are behind on their mortgage payments, and banks cannot foreclose thanks to the CARES act. That will all come to and end soon and banks will be able to foreclose. That, and the falling price of lumber will create downward pressure on home prices. It is estimated 2.5M homes will be listed and foreclosed - there are 600K now, while 1.8M is considered normal.
Looks pretty rosy now, although neither Biden nor Harris will be able to capitalize on the mood. I, for one, do not look for this "wealth effect" to last much longer. The real estate crunch may well bring the stock market down; it usually does.
1) the price of gas is a minor factor. The average person uses about 600 gallons per year. An extra 0.50 - $1.00 per gallon is not going to break anyone. I’m still getting gas for under $3, which historically speaking is a pretty good deal.
2) you are right not to expect these home prices to continue to rise. It just doesn’t seem sustainable. That’s bad for sellers, but good for buyers.
Trump is running in 2024 and he will win easily. Keep trying though. Y'all are so frightened by him. Well accept it and harden up. lol
What makes you think he would even get the nomination. If DeSantis ran against him, I'm pretty sure Trump would lose. And no, no one is frightened by Trump. He's just a desperate man now trying to remain relevant.
Trump is running in 2024 and he will win easily. Keep trying though. Y'all are so frightened by him. Well accept it and harden up. lol
HAHAHAHAHAHA!
Only a complete idiot would believe Trump will ever win another election in this country. At this point, he'll be lucky if he is allowed to get on a work detail in prison.
I feel great that I'm paying about double for everything compared to a couple of years ago. I also feel great when someone kicks me between the legs.
Tariffs! Who came up with the idea to tax Americans for imported goods?
Quote:
In simplest terms, a tariff is a tax. It adds to the cost borne by consumers of imported goods and is one of several trade policies that a country can enact. Tariffs are paid to the customs authority of the country imposing the tariff.
Trump will win!!! lol Get used to it! Best president ever!!
Biden is already brain dead and Kamallllaaa is a do-nothing idiot. yay yay race this, race that, race this, you're a racist, she's racist, he's a racist. Everyone is a racist. Yippee everyone is racist. What a great administration.
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