/biz/ - Business & Finance

>No rate cuts until rents and housing prices collapse
Do rentoids actually believe he will follow through?
LMAO, he will cut rates THIS YEAR

>>55297286
Holy based

>>55297286
not my problem, I locked in 2.5% last year

>>No rate cuts until rents and housing prices collapse
>>55297286
He didn't actually say this?
>>55297299
Considering his masters, and the fact he said for ages inflation is transitory means you're probably right

>>55297320

If you can afford it good on you because your house value will halve between now and 2028.

>>55297331

https://www.barrons.com/livecoverage/fed-meeting-decision-interest-rates-powell-speech-today/card/rents-are-stubbornly-high-fed-chair-says-7kC1iXIcsNYMkwsWbDzp

ack

What does this mean for the rest of the market?
Really, I'm an idiot I dunno what the rest of this means

>>55297371

Home prices decline either in real terms or inflation through 2028 this lines up exactly with the cyclical RE cycle.

>>55297366
>rents-are-stubbornly-high-fed-chair-says
THAT IS ANTISEMETIC AND HE WILL BE SUED

>>55297286
Holy shit thank you based Jerome.

>>55297299
>THIS YEAR
This year after the next year, you meant, right?

>>55297299
NEXT 2 WEEKS!!!

>>55297286
VERY fucking based. They know the economy is walking on a razors edge. Markets are all fluff running on nothing but fake bullshit. Its all a major prop job at this point. Collapse will come but not for a while longer yet.

>>55297320
Not bad

>>55297339
Dooomers want everybody lose ?
In 2031 it'll be like nothing happened

>>55297299
Zero rate cuts are priced in for the year.
Did you not listen to him a single time in the last year.
Higher for LONGER

>>55297286
NO SURVIVORS

>>55297286
It's over for me then
I will never leave my basement

Is now one of the worst times to buy a house?

>>55297286
The millennials who put everything into buying a house at the very top during the 'rona will now be bag-holding all the way down, unable to sell or move.

>>55297877
>all of the tiktok “real estate gurus” getting liquidated
Comfy

I was completely convinced that this was all economic Terror in retaliation for gains made by the middle and lower classes during covid but if he actually follows through which I'm of course doubtful it might be the first non-sheister-y prosocial thing the US has done in this century.

>>55297946
The lower classes are too dumb too retain wealth, and they'll bleed away any gains they've made. Nothing about this system has ever functioned for the good of the masses.

>>55297946

This is the classic bankster shakeout. When home values drop, they’ll lockup lending standards so tight the only option for over-leveraged (yes, your mortgage is leverage normie) goys will be to foreclose, bank writes off the loan, gets the property, resells it to a property firm (funded at newly cut ZIRP rates) that then rents it out. The cooked CPI numbers (formula changed this year) guarantee they’ll be able to get back to ZIRP to harvest the current crop of wagies just in time to get the zoomers lined up. It’s such a classic trip it’s even described in The Jungle.

>>55297299
>Do rentoids actually believe he will follow through?
The Fed dose not have a choice. It's not the owners they need to worry about. It's the hordes of low IQ people being forced into homelessness. Even worse if you start seeing moms on the streets. California was a canary in the coal mine and politicians are acting accordingly.

>>55297286
Im making grilled cheese and tomato soup.

Just buy a home when prices dip. You do have a six figure downpayment, right anon?

>>55297286
Isn't that what makes a home a home? A place you don't have to leave?

>>55297286
Where did he say that?

>>55298032
No no gains as in brown scab labor was cut off for 2 years the text sector became wildly bloated and people got the idea that they didn't have to be under the The Gaze of management at all times. During the payouts and lockdowns those broke class of City people who were constantly precarious were suddenly not mentally ill not in a cycle of alcoholism and drug addiction and had savings that is what I saw this trying to take away this economic policy. That's why I use the term Terror it's economic Terror against the class to make them pliant again.

>>55298053
This sounds correct I just didn't have access to any hard information regarding it but I believe this uncritically I'll read the jungle

This fucker literally believes we can go back down to 2% yearly inflation.

The only way that's possible is if interest rates go well above 10%, and the U.S. faces a depression even worse than the great depression.

Maybe it's time to make plans on leaving the country? It's circling the drain at this point.

>>55298177
And go where, exactly? Everywhere else is just as bad, if not worse.

>>55299164
If it's not already obvious ..
The places from which the shitskins are leaving = country is improving
therefore Mexico ironically
Vietnam good but not for burgers, perhaps Thailand
Oz if you like vax boosters, still somewhat first world
Otherwise a couple places in Europe I'm not going to shill

>>55297286
Powell: “We now see housing putting in a bottom, and maybe moving up a bit”

https://twitter.com/NewsLambert/status/1669059782089531394

>>55299928

what does that mean anon? Is the bottom in?

>>55298177
What makes 2% inflation impossible to achieve going forward?

>>55297877
>recession/AI-induced mass layoffs for white collar WFH jobs in the next few years
>suddenly can't pay expenses
>house worth less than purchase price, can't even get any equity out of it
>can't sell without taking a loss

it's fucking over. I'm so scared desu. My company(fortune 200 insurance company) just had a town hall about AI, literally an hour of them explaining how much shit their in-house AI can do. They even brought up employee questions about potential layoffs and said some bullshit answer like "new technologies often lead to labor disruptions, but also many opportunities"... I've been a permabull for years but I'm full on doomer now

IT'S FUCKING OVER JUST AS I'M GETTING STARTED. IM GOING TO LOSE EVERYTHING AND MILLIONS OF OTHER PEOPLE WILL TOO.

>>55299974
According to Jpow's data, he think the bottom is in and is seeing a rebound.

>>55299974
rationale for why they won't cut rates for foreseeable future. We are FUCKED

>>55300043
Was your stupid CEO talking up AI because he read about it in The Economist? It's way over hyped.

when techies start filling unemployment b/c you cant get it until your severance runs out that would be the cataclysm and captcha sucks when your drinking

>>55300153
No, they are heavily investing and developing it. It's over man. You have your head in the sand

>>55300268
Oh no and self driving cars work too!
I'm staying /fit/ for the end times.

>>55298177

>>55297339
>powell states that housing has a bottom
>didnt increase rates this meeting
>"your house value will halve"

HAHAHAHAAHAHAHAHAHAHAHA

>>55297391

What cyclical RE cycle?

>>55298112
I'm not buying a house until I can buy it fully with cash and my savings only take a 20 percent dent.

>>55301016

why are you laughing anon? Was it a joke? I'm assuming that guy was joking. Its not halving at all.

>>55297877

Top? That was no top anon. Housing market goes up forever.

>>55299273
what about like south brazil, southern chile/argentina? If you made a modestly comfy US remote salary would you not be very comfy there?

>>55298177

The chances of a great depression isn't happening unless they really want WW3 and draft us all in a war. lol lmfao not happening.

>>55297286
Powell's motivation is simple. He doesn't want to go down in history as the guy who started runaway inflation. So he will not stop raising until inflation is literally exactly 2.0%. Otherwise, if inflation persists, he will have to answer "why didn't you keep going until it was down to 2% like you said" for the rest of his life. So it's basically guaranteed that he will overtighten and not pivot until he is 100% sure inflation is defeated. Sorry bulls, rates are only going higher.

>>55301052
there won't even be a recession. They are flooding america with 5 million+ new labor and consumer npcs each year. The republic is saved bey simply replacing the population with dumb brown people that will work and consume whatever they are told to.

>>55297299
>he will cut rates THIS YEAR
Zero percent chance of any rate cuts this year unless the economy completely crashes. Double digit mortgage rates are coming soon.

>>55301059
He will break something before he gets interest rates higher than inflation. At which point the printers will go brrrrrr

>>55301059
He will do as they instruct him to do, nobody will care for his fee fees if there are strong preferences within the regime to keep rates low.

>>55301082
>before he gets interest rates higher than inflation
Already happened.

>>55301107
Those numbers are not accurate. Well maybe for electronics but people can survive on televisions. Even if you move your money to a money market and get between four and five percent you are not beating actual inflation.
He needs rates ~20% and at that point the US can't afford its debt. The system is fucked.

>>55301138
>actual inflation
Whatever that's supposed to be, it's not relevant. Powell's mandate is to control consumer inflation as measured by core PCE. He won't stop until it is back to 2.0% exactly.

>I need everything to collapse...then...then I won't be a loser and I will rise up!

Nope.

if he wants RE to go down why doesn’t he just sell some of those largest ever RE holdings the fed has?

>>55301142
economics is about human action. The government for years has continually tweaked their inflation stats to make the number lower. This means it is not an accurate measure. When people make economic decisions they will use prices not the inaccurate stat.
Even if he succeeds he will fail because the action of the people he is trying to change won't respond like he desires.

>>55301203
"Accuracy" is irrelevant. The only goal that matters to Powell is getting core pce back to 2%. He will not stop until that goal is achieved.

before the scamdemic i was paying almost 1000 for my 1br apt. For the last 3 yrs ive been paying just 550. And it stays this high thanks to the illegal immigrants paying it.

>>55301214
and when more regional banks start to fail and the FDIC runs out of money he will continue to raise? Don't be obtuse. He will print like like every empire that has existed. He will drop rates and make the printer go brrr

>>55301253
>when more regional banks start to fail and the FDIC runs out of money
Not happening.

>>55301267
No one seriously believes that.
But you keep shilling for the FED as perception management is the last trick they have.

>>55301253

banks aren't going to collapse anon. no way. This time its different. This is the new paradigm.

>>55301286
>shilling for the FED
Imagine failing at reading comprehension this badly.

>>55297792
I mean, my friend bought 6 months ago, and then the houses in south Florida dropped another 300k, so yeah he bought the top. Also, the houses aren’t selling now. They are sitting at n the market for 120 + days now . There has. Been a shift

>>55300153
I spent An hour today fixing chatgpt issues with code for my the scripts I run.

I work in cyber security engineering, the coding is far from what an actual dev does , and I had to strangle this thing. It’s 100 percent overblown and yes I know how to “ask it the correct questions “.

Saves me a ton of time but you still need to reel it in. It’s staff augmentation , not replacement.( for us IT folk, not sure about McDonald’s drive thru fags )

>>55301225
Wat?

>>55297366
Lennar headquarters is sweating.
>>55297391
Dis

>>55298177
It will be 3% next month. Why would it not be able to go to 2%?

>>55299273
>Otherwise a couple places in Europe I'm not going to shill
if you find shade, keep quiet about it

>>55301045
until everyone with 100k moves down there and drives up prices and become enticing chum for the sharks

Apartment rents should start dropping soon. With all the commercial vacancies people are going to start living in their offices on the down low which will decrease demand for apartment rentals.

>>55297286
There's no reason not to raise rates now if he's truthfully saying he thinks more will be needed. The reality is he's trying to talk bearish to stop a rebound.

>>55302681
Most office buildings cannot be repurposed into residential and nobody wants to live in actual offices unless completely desperate and otherwise unable to find a roof over their head.

>>55298177
It's shit everywhere, at least you have guns and constitutional rights where you are..

>>55297286
hes a lying kike retard. the fed stopped hiking which means its over. they will start printing like crazy soon to prop up the markets for biden regimes "election"

>>55301401
What you mean by correction is changing the commentaries and variable names so it looks like you've made it, nigger.

I know folks like you.

>>55302681
>just live with no natural light

>>55297286
Based. ACCELERATE

>>55297286
>>55297299
In Aus.
>Says no interest rate rises for 2 years
>Immediately jacks them through the roof
>Says rates will not be coming down anytime soon.

You can't trust what these guys say. Production costs are dropping rapidly (Agricultural and transport), the end consumer cost is rising due to price gouging which affects CPI numbers. The house of cards will come falling down and the fed (and aus RBA) will realise they fucked up once again.
The money printers in Aus have started, watch them ramp up further and force rate drops before the end of year.

>>55302548
It will be 3% (excluding about 1000 different categories that would reveal the actual inflation percentage)

>>55301401
Good thing AI has already peaked and can never get better.

>>55300480
Holy shit

>>55302883
Delusional

>>55298111
checked and comfy pilled

>>55297286
good. housing isn't an investment. poorniggers with 99% of their net worth tied up in a 70 year old plywood box on 8500 square feet of dirt need to be liquidated.

>>55297299
Pivooters get the rope

Also, two more rate hikes this year at least.

>>55299273
>Oz
>First world
Found the kangaroo, your prison island is good for only one thing, that is to keep you niggers out from civilised world. You'll never be a human, kys

>>55297299
The cool thing is that the market exists as a place for you to take this bet.
>>55301016
He increased rates .25% what are you talking about?

>>55301031
Good Luck,

Mike

Locked in at 2.99% two years ago.

Not a dream home but I enjoy DIY projects.
Sorry if you rent.

>>55303126
Let's cool it with the antisemitism.

>>55298177
YOU TOOK A LOAN OUT, YOU PAY IT BACK

>>55297299
LMAOOOOO the cope

>>55297286
>>55297299

>>55297299
Do you think it will happen within a fortnight?

>>55305071
i am the jew's greatest champion.

>>55301172
theres no buyer even at extremely discounted prices for such a huge amount of that high duration toxic fannnie mae dogshit

>>55297286
I like my home and I'm not fucking leaving
New constructions are on hold, the prices are astronomical
Price discounts regard only for dirty boomer cum hovels

>>55302681
Regular office drones don't get their own office. They don't even get cubicles anymore.

>>55305799
kek. my old job moved to a new building, coincidentally right at the time of COVID. common wagies got cucked by moving from cubicles to open office. only people who had offices were controllers/VPs/SVPs, but they got cucked with offices that were way smaller than the old building, barely large enough to fit a desk and 2 chairs. modern work environment = being treated like cattle, unless you're an executive.

>>55301156
>I like it when jews double penetrate my ass

>>55305935
Yeah I noticed that even if you do get an office these days, they always suck. Usually when they go in and remodel for the "open" concept, they change the offices too, like taking down the walls and replacing them with glass walls so that you have zero privacy. Which of course totally defeats the purpose of having one.

>>55302681
everything dropping soon because commercial real estate is a 20 trillion dollar market that is (currently) valued as if wfh, ai, and covid never happened. tick tock commercial property land lords 1.5 trillion in principal payments coming due. strangely though it seems most corporate land lords seem to do the opposite of what they expect students to do. lol

>>55306073
great news they can house migrants in there now and show us the true meaning of liberal values

>>55297286
Why is he so chad guys?