[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

"We Won't Be Certifying The Election..." John Lott: The FBI and Media Don’t Tell You How Many Lives Guns SAVE Watch This Amazing Compilation of Elon Musk Owning Libtard “Journalists” Trump Outlines Plan To Decimate The Deep State Trump Outlines Plan To Decimate The Deep State Jack Smith Tucks Tail, Halts Trump Case As House GOP Demands He 'Preserve Records' Feds Raid Alfie Oakes’ Naples Home and Farm with Battering Ram Democrats Have a New Leader: Kamala Is Out, Says GOP Strategist The Colorado Voting Machine Fiasco Trump Lawyer WARNS Letitia James, Vows RETRIBUTION After Trump Win: 'We'll Put Your Fat A** In JAIL' Tucker Carlson:11/7/2024 "now that Trump is president, i can tell you everything" Fear-Stricken Pharma Big-Wigs Convene Emergency Teleconference to Thwart RFK Jr. Judge strikes down Joe Biden administration program aimed at easing citizenship pathway for some undocumented immigrants CNN faces another defamation lawsuit after appeals court sides with Project Veritas These Hollywood Celebrities Swore They'd Leave America If Trump Won All Talk, No Walk Blaze News original: Border Patrol whistleblower's career on the line after spotlighting trafficking horrors Dems open can of worms by asking about millions of 2020 Biden voters who somehow disappeared in 2024 Deadline: US says Israel failing in aid efforts. What happens now? Kash Patel, Rumored Pick for CIA Chief, Announces Massive Declassification Will Occur Hezbollah unveils ‘Fateh 110’ ballistic missile in targeting Israeli sites Pentagon running low on air-defense missiles as Israel, Ukraine gobble up remaining supplies An Open Letter To Elon Musk Is this why Trump was allowed to win? This Is The Median Home Price In Each US State Alex Soros Shocked That the Incumbent Political Order Is Being Crushed Around The Globe Beverly Hills Lawyer Disbarred Two Years After Admitting He Paid a Ringer to Take the Bar Lumumba: 'I am not guilty, and so I will not proceed as a guilty man.' Lauren Boebert Wins House Election After Switching to More Conservative Colorado District AIPAC Boasts of Influence Over Congress, Ousting 'Eleven Anti-Israel Candidates' Police Searching for 40 Escaped Monkeys After Mass Breakout from South Carolina Research Facility

National News
See other National News Articles

Title: Typical US Mortgage Payment Is Up 20% From Last Year But Home Prices Keep Rising Due To Plunging Supply
Source: [None]
URL Source: https://www.zerohedge.com/markets/t ... eep-rising-due-plunging-supply
Published: Aug 7, 2023
Author: Tyler Durden
Post Date: 2023-08-07 20:31:30 by Horse
Keywords: None
Views: 137
Comments: 2

The total number of homes for sale is down 19%, the biggest drop in a year and a half, and new listings are down 21%.

Poster Comment:

This has to end with a bad recession if not a Depression.

Post Comment   Private Reply   Ignore Thread  

#1. To: Horse (#0)

If you have a 3% mortgage, you will not want to sell if you have to buy your next house at 7%.

Ada  posted on  2023-08-07   22:17:03 ET  Reply   Trace   Private Reply  

If you have a 3% mortgage, you will not want to sell if you have to buy your next house at 7%.

The main problem is, and always has been, the Fractional Reserve System of banking. The bank only needs 10% of the amount of the loan on deposit. The other 90% is created out of thin air.

As the loan is paid off, the funds are extinguished. The bank makes its money on the front end of the loan with the higher interest rate payments. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2023-08-08   6:42:55 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]