patrick.net
An Antidote to Corporate Media
1,194,248 comments by 13,886 users - mortarmaker online now
invite response« First « Previous Comments 82 - 82 of 82 Search these comments
82
HeadSet
2023 Apr 21, 7:56am
HeadSet
2023 Apr 21, 7:56am
ForcedTQ says
Yep, a phenomenon of the weak that will only get worse when government backed 40 year and up mortgages come out.
The unfortunate reality is that most people just look at the monthly payment and say, I guess I will be able to swing it, every body else is…
Yep, a phenomenon of the weak that will only get worse when government backed 40 year and up mortgages come out.
« First « Previous Comments 82 - 82 of 82 Search these comments
All those boomers whose median age is 66 in the next decade getting COPD, CHF, and broken hips unable to keep up and mow their .25-.5 acre, 3-4 bed/1.5-2.5 bed home.
All those boomers still married about to experience the Grey Divorce wave and having to sell to split equity, then having to survive on one half retirement.
Interest rates probably staying reasonably historically normal (7% is not high, it's about the 50-year average since 1970) for the next couple of years at least.
A White Collar Female recession, busting down the #1 spenders of consumer goods as companies slash HR, PR, Marketing, DIE, etc. to maintain or restore profitability.
Severe shortage of skilled trades like Welding, Plumbing, Practical Nursing causing a boom for the Technical School-but-not-College educated.
The collapse of Blackrock/investor owned SFHs, Triplexes, small Apt complexes due to banks tranching out loans and increased maintenance and property tax costs, plus institutions pulling from current holdings to pay out retirees. No more awash with cash from Middle Aged/Nearing Retirement Age workers piling money INTO 401ks and TIAA-CREF.
It's a great time to be a Working Age Male. Save your cash and get ready to build some serious wealth.