Quote:
Originally Posted by NickyC
I think most landlords, owners, realtors etc. are calling the Fed's bluff as they know it's complete nonsense to believe rates can continue to rise. We've lost what, three banks now in the past week and we're basically at 5%. The Fed with their move today basically gave up the inflation fighting scam, it's going to be QE to the moon until a complete collapse of the dollar. The only way prices are ever coming down again is if there is a full blown depression which is looking increasing likely as the days drag on. I don't think many people, especially the great unwashed March Madness watching crowds right now, understand how dire things are at this moment. There are roughly 200 banks in the US which are on the verge of collapse, their situation is every bit as precarious as SVBs was.
This morning the incompetents Powell and Yellen said "the liquidity of US banks is strong". Then just a few hours later, they announced a coordinated effort with central banks around the world to shore up liquidity. The lying never, ever stops.
Prices are never going back down until a full on depression, at which point none of us are safe.
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gotcha, so might all well YOLO cause if I do move into my expensive ass apartment during the depression than everyone else will be evicted.
I have enough saved to survive 10+ years there without zero income...but obviously trying to time the cheapest rent
sick how people in this country spend money, especially borrowed money