Supermoto Tiger

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I fall squarely into this. We'd love to buy a different home with more land. Our house has appreciated a ton and we are in a better spot financially than when bought our current home (although it's just fine). We aren't even considering it now because we are at a 3% interest rate.

I'm not buying more home AND taking on a 7-7.5% rate. My mortgage would triple or more. it just doesn't make sense. Financially stupid to move right now.

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Same here. My 2.75% interest rate is keeping me on the sidelines. I would have to buy at 25% under appraised value to jump.

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home sales are at multi decade lows.

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TRUE

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Mortgage rates are rapidly approaching 8%

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TRUE

So even though home sales are down, the Fed raises interest rates in an attempt to control inflation.
- Normally, raising the interest rates on mortgages slows down home sales and building in general.
- Normally, with lower home sales and a lower number of building permits,
over time inflation becomes more manageable.

Here is the problem with that approach in today's world:


Besides labor higher rates, higher fuel cost, basically higher cost on absolutely everything from insurance, taxes, cost of goods, cost of land, everything - - now we have 2 NEW factors (never experienced before) that are skewing and distorting inflation:


#2 Tariffs - driving up cost of goods and skewing inflation. We are not buying more products. But, the prices are rising because the items are
taxed/tariff more. It's not inflation - remove the tariffs, cost will drop.

AND NUMBER 1:

#1 DATA CENTERS
They don't care what it cost.
They don't care what the interest rate climbs to
They don't care what the land cost
They don't care about labor rates
The cost could triple and they still couldn't build them fast enough.

It makes it seem like the general public purchasing has driven up inflation.
No, tariffs and the billions spent suddenly almost over night on data centers that's what is driving up inflation.

We're fricked. I don't know how this can get under control.


Tell me I'm wrong.

The entire country needs another BOSTON TEA PARTY.
fricking stop the insanity of property tax. Convert to a sales tax only.

OP, send your post & link to the Governor. He WILL do something about it - I guarantee you he will jump on it. :cheers:

ETA: I just sent the OP to the Governor's office. I strongly encourage others to do so as well - today.
Gov. Landry share your experience

Bitch we are running the fricking table!

in

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We are so fortunate to have her. I can't understand the consternation that some have toward her and the women's team. I am enjoying the hell out of it. Wish the men had this kind of success.

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As a person and as a coach, she is a high integrity individual. No nonsense - what you see is what you get. They don't come any better than Kim.

So thankful that we have her! :geauxtigers:

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LSU gets a natty in Year 1. Saints get a top 10 pick.

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I know it's too early in the season, but the Saints haven't been good since Brees / Payton. The Saint's revenue will not change regardless of the record. The Dome will be sold out if they go 3-13 or 13-3.

It's very similar to the way Vegas or a bookie operates.
Ideally, a bookie prefers to break even on bets and revenue is from the juice.
Not ideal, if the Saints go 3-13, then they will have to throw big money at the #1 draft pick. Ideally, the front office prefers 8-8 keeping things status quo.

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I cannot understand spending thousands on the manufactured simulacra of antiquity at Arhaus or Pottery Barn when actual antique furniture, made by people who expected it to outlive them, can sometimes be purchased for a fraction of the price.

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As I finished reading your post this morning, it reminded me of the excitement I get every time I visit The Bank on Felicity St. You're an incredibly gifted writer and I thoroughly enjoy reading your post.

I have a post request:
Surprise us one day with a trip down memory lane to The Bank.