Biden Bag Holders

[Leo58]

Originally Posted by Stephan A Smith

And now the next domino starts to fall.

The housing market is now beginning to crack.

There may be a lot more bag holders out there than people want to admit.

The housing market just slid into a full-blown correction, says top economist Mark Zandi

From your article:

“Demand is pulling back—fast—in the face of mortgage rates that have spiked dramatically.”

So the Fed’s policy is working. The idea of raising interest rates is to dampen demand, in order to fight inflation. No where is demand-driven inflation more evident than in the housing market.

What is your point?

[Leo58]

Originally Posted by Eyebee Teepee

why would anything that affects 70% of Americans need to "crash", especially when it's generally their largest source of wealth and security?

Hey, stock market "crashes" to the extent it only hurts the billionaires and multi-millionaires that aren't investing but gambling? Maybe.

When there’s a bubble, the sooner it pops the better. We don’t need a crash, but we definitely needed a correction in the stock market and the housing market.

[Freak80]

Originally Posted by Stephan A Smith

And now the next domino starts to fall.

The housing market is now beginning to crack.

There may be a lot more bag holders out there than people want to admit.

The housing market just slid into a full-blown correction, says top economist Mark Zandi

Where I live, house prices are down 80%. People are desperate and some have even set fire to their homes. And it’s all because of Joe Biden.

It’s all true. For real.