Wednesday, April 19, 2023

In the #News #Politics #MortgageCrisis Homeownership dying?

“If you don't read the newspaper, you're uninformed. If you read the newspaper, you're misinformed.”

“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”

― Mark Twain

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Fairness policies penalizes savers. We're all so focused and divided on politics, we forget that savers drive future growth. Hell, who needs future growth? Democrats, Republicans, and all citizens of every creed and color. This is how the empire dies, people. Complete cluelessness ruins it for everyone. Unfortunately, many say good!, some say we've had it too good for too long. These people, however, have not lived through a Depression, so careful about embracing this logic. Unfortunately, the die is cast, and it's coming either way. I've spent a lifetime figuring out markets. Figuring out the logic of people embracing disaster is not my specialty.

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“It’s going to be a challenge trying to explain to somebody that says, ‘I worked my whole life for high credit and I’ve put a lot of money down and you’re telling me that’s a negative now?’ That’s a hard conversation to have,” one worried Arizona-based mortgage loan originator told The Post.

Homebuyers with excellent earning power, credit, and saving will be penalized, while subprime buyers will be rewarded? This will kill the housing market and homeownership over time. Eventually, sellers will favor cash, especially as the empire dies and can no longer finance itself and its goals.

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The Matrix provides market-driven trend, cycles, and intermarket analysis.