Re: OT: "I'm Worried About Graham". 🙏

On Fri, 15 Nov 2024, Coogan's Bluff wrote:

D wrote:

  On Fri, 15 Nov 2024, Leonard Blaisdell wrote:
 

On 2024-11-12, Coogan's Bluff <ft.tryon@park.invalid> wrote:

Leonard Blaisdell wrote:

 

Another joke, the Federal Reserve is about to reduce interest rates.
They should double them, at least, for now.

 

Whoa...double them?

 

That'd melt the entire housing market to zero.

 

Subsidiary damage says no,plus the Fed will cut again in December.

  I bought my home during the last slobbering fool's [Carter] administration
at over nine percent interest. During later, saner times, I refinanced.
At the time, homes were considerably cheaper, but the value of money was
considerably more.
The more things change, the more they remain the same. [1]
By the way, my opinion of Jimmy Carter is that he's a good man but had
no business as a president with the first traveling clown administration
of my lifetime. Who'd a thunk there would be a second, and worse?
See [1].
 

 You're a tough cookie Leo! The highest interest I ever experienced was 6.5%. The highest my parents ever experiences I think was 15%. Their home was purchased for 20k USD and is valued at 1 100 000 USD today. That's inflation for you!

>
Here's a sad fact on catchup - that $1.1 million today would just barely buy a mini mansion on a couple of acres in Montana now.
>
Back in the day you could have owned a street corner in Helena for that price!
>

Ahhhh... the wonders of Xidenomics! =( Glad at least that Trump is in power before it would have escalated to a complete crash under Cackles.