American Economics Thread

Coalescence

Coalescence

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The average for a 30-year loan jumped to 6.02% from 5.89% last week, Freddie Mac said in a statement Thursday. The last time rates were above 6% was in November 2008, the company’s data show.​
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“A 6% mortgage rate isn’t just a psychological threshold, it is a major threshold of affordability, particularly for first-time homebuyers,” said Greg McBride, chief financial analyst at Bankrate.com. “The increase in mortgage rates since the beginning of the year has had the same impact on affordability as a 28% increase in home prices -- and that’s on top of the already heady appreciation seen the past couple of years.”
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I'm curious, how much does it cost monthly to live in a RV compared to paying rent or mortgage for a house?
 
hullopilllw

hullopilllw

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Coalescence said:
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I'm curious, how much does it cost monthly to live in a RV compared to paying rent or mortgage for a house?
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Isnt it a good time to invest in US rental property then ? Granted the rise in price(NAV) might cool or even correct quite a bit, but with yield(rental)running so high cash flow will certainly looks good.
 
supercat

supercat

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Coalescence said:
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I'm curious, how much does it cost monthly to live in a RV compared to paying rent or mortgage for a house?
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Highest mortgage rates since 2008? Wait, I vaguely remember something happened on America's real estate market in 2008...

Some signs that the U.S. economy is not all well at the moment, to say the least. BTW, if demography is the destiny, which I don't agree, then the U.S. is not in a much better shape than China.
https://twitter.com/i/web/status/1570821611800113155
https://twitter.com/i/web/status/1570398646675308544
 
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BlackWindMnt

Captain
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supercat said:
Highest mortgage rates since 2008? Wait, I vaguely remember something happened on America's real estate market in 2008...

Some signs that the U.S. economy is not all well at the moment, to say the least. BTW, if demography is the destiny, which I don't agree, then the U.S. is not in a much better shape than China.
https://twitter.com/i/web/status/1570821611800113155
https://twitter.com/i/web/status/1570398646675308544
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So those China fud stories on youtube from last month was just projection... :p
 
H

hhuang41

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hhuang41 said:
US birth levels in March 2022 are above those in the same time in March 2020, according to the Census Bureau
https://twitter.com/i/web/status/1554453386715701248
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BlackWindMnt said:
So those China fud stories on youtube from last month was just projection... :p
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US births in 2022 are above their 2021 levels

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Total US births
2022
January 2022: 294K
February 2022: 275K
March 2022: 306K

2021
January 2021: 277K
February 2021: 266K
March 2021: 302K
 
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