Originally Posted by BleedingRed:
The problem with rates being back to "normal" is housing costs are way out of whack with these "normal" rates.
well youre not talking costs, youre talking PAYMENTS.
theres 2 ways to look at it. I think youre looking at it wrong, and in a temporary slice of time (right now) versus the intended and needed direction it is going.
Lets look back to a year ago, before the rate hikes:
youve got 2% interest rates and no one caring about how much a house "costs" because they can afford the
payments. But IMHO you and everyone else looking at it like this were/are wrong.
We arent finished raising rates yet. It is correct that no one can afford the PAYMENTS when the rate is normal (7%). But just take a staep and ask yourself why. Its because the COSTS are too high. Houses shouldn't be this high, and thus the cost will go down. The only reason they ever got that high in the 1st place is because of 2%-3% mortgages and a ton of excess liquidity.
I would much rather buy a house at a good cost with a higher interest than WAY too high of a price but you get suckered in with a low payment.
Prices will go down, it might take 4-5 years for this to happen, but it will. Or they wont rise as fast. But we cant have everything inflating at a crazy speed...so we need to normalize rates.
[Reply]
I'm sure hearing a lot about XRP as a good investment. I guess banks will be using it for transactions in the next year. Rumors of $1000 to $10,000 once it gets locked up.
I've been buying $100 every week for the last several months. It's at around .65 right now.
[Reply]
Originally Posted by Hog's Gone Fishin:
I'm sure hearing a lot about XRP as a good investment. I guess banks will be using it for transactions in the next year. Rumors of $1000 to $10,000 once it gets locked up.
I've been buying $100 every week for the last several months. It's at around .65 right now.
How are you supposed to launder money if its tied to banks?
Thats 50% of why people like crypto. Don't let anyone fool you. They are just too scared to say it.
Btc = safer cash that appreciates in value
[Reply]
Originally Posted by Hog's Gone Fishin:
Been loading LTCN and MARA for the Bull run! :-)
It's shitcoin season baby!
Ill be hedging some of my bets by converting a small amount of BTC into BSV. Bitcoin Satoshi Vision. There is some worry that longterm bitcoin will not have enough incentive to transact to realize its value. It will become to costly to send and any transactions may cease to exist. Just a theory Ive heard thrown around by some smart people but there should be ways to combat that by future forks/lightning network, I hope.
[Reply]
Originally Posted by Hog's Gone Fishin:
I'm sure hearing a lot about XRP as a good investment. I guess banks will be using it for transactions in the next year. Rumors of $1000 to $10,000 once it gets locked up.
I've been buying $100 every week for the last several months. It's at around .65 right now.
Wild hopium and rumors are two different things.
[Reply]
