The other banks are in the fives for 15 and the sevens for 30 year mortgages. Does he think you are extra gullible or somehow incapable of checking on mortgage rates on your own and expect you to believe that BS? I hope you called him out on it.
Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
the insurance rates are pissing me off... $5500/year now and my entire life I've only had 2 roof claims from hail. With premiums and deductible, it's cheaper to handle my own roof replacements. It's to the point I'm thinking of self insuring, or at least trying to get just catastrophic coverage somehow.
15 year - on link, confirms what Malum mentioned
Mortgage Rates: Compare Today's Rates | Bankrate
Compare personalized mortgage and refinance rates today from our national marketplace of lenders to find the best current rate for your financial situation.
I did call him out, but that's a different topic. No, I wasn't shopping for a mortgage, I was talking to him about what he is seeing in the economy and what they were doing there. If I was it sure as hell wouldn't be above current market availability. It was interesting to see him not figure out their rates were high though. The only thing I can think of is that the board doesn't want to take on additional mortgage risk or they have unrealized losses on the books to cover.
You nailed it. Commercial property has taken a beating since the mandatory lockdowns. Stay-at-home workers meant businesses didn't have to lease offices anymore. Lock down of mom 'n pops meant small businesses' cash flow got stymied and many never recovered. When the mom 'n pop closed, rental income storefront went with it and if the landlord didn't have the ducats, it was foreclosed on. It's why so many banks are in trouble today. In SF, the owner of the Hilton Hotel by Union Square walked away and gave the keys to the bank. Office building owners sold them cheap compared to what they paid for them. We are witnessing a wealth transfer as wealth flows upwards. Most Americans are unaware but when Oklahoma's First National Bank of Lindsay collapsed in Nov 2024 the FDIC only paid up to $250k and anything over that vanished to money heaven. This is quite unlike SVC where even foreign depositors were made whole.
Another effect of inflation is reduced disposable capital for the consumer. Discretionary spending contracts with since neccessary expenditures rightfully take priority. Incovenient things like mortgage or rent to keep one's roof, car loans (to commute to work) and eating at home take precedent over luxury vacation (so tourism is down). I hope it helps Makes America Healthy Again (MAHA) as people prepare meals from scratch rather than factory processed foods (frozen foods, canned foods and "fast food" which in many cases shouldn't be dignified by calling them food). Dining out should be a "treat" and not a regularity.
Some folks feel good about themselves and their wealth because the stock market. Check the 401k on your computer and you feel great. However, it's been in bubble terrritory and is part of the perception management played on the common man. Exponetial climbs only means bigger pop when the bubble bursts. Be careful on what you buy and make sure you direct register your shares or take deilvery of your share certificates. This reduces your exposure to rehypothecation.
Tik-tok, the time is running out.
Disclaimer: I am unfettered by the formalities of an economics education, am not a financial adviser and none of the above should be mistaken for financial advice. Do your own due diligence and research everything yourself. I'm just an old guy who read a lot of books (and am buying more colored pencils so I can finish them).
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You mean stocks are going on sale soon? I am going to be able to buy maybe half off? Cool!
Egg Prices Catapult Into 'Blue-Sky Breakout' As Bird Flu Sparks Worsening Shortage | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
20 million hens died in the last quarter, wow!Egg Prices Catapult Into 'Blue-Sky Breakout' As Bird Flu Sparks Worsening Shortage | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
That's a lot of chicken wings and drums. When my dog was alive she liked white meat.
FORMER FINANCE PROFESSOR TAD SMITH: "After 25 years teaching finance, I realized at 58: "If the money printer grows 8-10% annually and the S&P 500 returns ~9%, it’s just treading water. True wealth comes from outpacing the printer."
Weiji!
no way that i believe this isn't part of a plan set up by the makers and pushers of covid. factory eggs $5/doz at $ general,no less. too many food production establishments destroyed by "accident" in last few years. yes my paranoia knows no limits.
Engineered food shortage is anticipated. Starvation, denial of water and energy (heat) will be used to bring people to their knees. None of the destroyed factories affected me (I don't like processed foods or frozen food) but empty shelves should be anticipated.
One good thing about the attack on the Amish (which I disagree with) is that many Amish who were formerly disinterested in politics registered to vote and their votes swayed Pennsylvania to vote for the Malevolent Orange Entity (aka in common languish: Orange Man Bad, #45 & now #47).
Anyway, Trump wants the Fed Res to lower interest rates. Of course the Fed wants to anyway but with lowered rates, expect more inflation. Thanks to the Cantillion Effect Link equities will win (but be sure to direct register or take delivery of your certificates). Learn to shelter your hard earned wealth, savings and retirement and position yourself for weiji!
One good thing about the attack on the Amish (which I disagree with) is that many Amish who were formerly disinterested in politics registered to vote and their votes swayed Pennsylvania to vote for the Malevolent Orange Entity (aka in common languish: Orange Man Bad, #45 & now #47).
Anyway, Trump wants the Fed Res to lower interest rates. Of course the Fed wants to anyway but with lowered rates, expect more inflation. Thanks to the Cantillion Effect Link equities will win (but be sure to direct register or take delivery of your certificates). Learn to shelter your hard earned wealth, savings and retirement and position yourself for weiji!
David Webb, author and prroducer of the U-toob film of the same name, The Great Taking, is nterviewed. 1 hr 13 min.
The whole thing revolves around the legal concept of "title." We're not talking about the piece of paper for your car or motorcycle or deed recorded at the County Recorder's Office but rather the rights of the holder of title over said property. Today your bank account or 401K/brokerage account you are designated as a beneficiary which stands in a lesser position than the title holder (meaning the bank or actual title holder of those stocks). This is why I urge everyone to either direct register their stock or take delivery of the stock certificate. That removes you from counter-party risk (if bank/brokerage becomes insolvent they "bail-in" (legalise for stealing) your ducats or shares.
Protect yourself. You owe it to you.
The whole thing revolves around the legal concept of "title." We're not talking about the piece of paper for your car or motorcycle or deed recorded at the County Recorder's Office but rather the rights of the holder of title over said property. Today your bank account or 401K/brokerage account you are designated as a beneficiary which stands in a lesser position than the title holder (meaning the bank or actual title holder of those stocks). This is why I urge everyone to either direct register their stock or take delivery of the stock certificate. That removes you from counter-party risk (if bank/brokerage becomes insolvent they "bail-in" (legalise for stealing) your ducats or shares.
Protect yourself. You owe it to you.
Egg Prices Catapult Into 'Blue-Sky Breakout' As Bird Flu Sparks Worsening Shortage | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Government ordering the execution of chickens on bogus PCR tests for "bird flu" doesn't help. Chickens can make quick comeback. There is a war on food (remember all those processing plants burning a few years back?), USDA paying farmers to destroy their crops along with Bill Gay(tes) buying up farmland leaving it dormant there will be an engineered shortage/starvation. The war in Ukraine (breadbasket along with availability nitrate for fertilizer) doesn't help.
BTW, learned that Juan Valdez (the guy with a burro who picks coffee beans in Colombia) has goats and the goat droppings are picked up by the children who spread it among the coffee plants to keep the soil fertile.
Went to the vet for eggs (he raises chickens) and no eggs. He told me that in colder weather the hens lay fewer eggs and it's been cold here.
BTW, learned that Juan Valdez (the guy with a burro who picks coffee beans in Colombia) has goats and the goat droppings are picked up by the children who spread it among the coffee plants to keep the soil fertile.
Went to the vet for eggs (he raises chickens) and no eggs. He told me that in colder weather the hens lay fewer eggs and it's been cold here.
Bank of England.. Increased their estimate of inflation next year from 2.8% to 3.7%. AND, reducing their rates from 4.75% to 4.5% because they just lowered their growth estimates from 1.5% next year to .75%
What a cluster fuck..
What a cluster fuck..
UK interest rates latest: Bank of England cuts interest rates to 4.5%, the lowest level since June 2023
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
www.bbc.com
Yes when the daylight starts getting less, natural raised chickens will lay less or almost no eggs.
Our ability to have eggs in the dark season is pretty much because of factory farming of chickens in artificial conditions as well as the ability to bring food from a long ways away.
Hopefully the war on the food supply will be ending and there will be some accountability for what was done.
So I looked up eggs and the price was 7.09dollars.
I could not find where they were traded on the commodities exchange? Are they not actually traded on the exchange?
We have a small flock of mixed breeds so we get a nice variety of colors. They are in demand we use them for barter and paying off corrupt officials.
I could not find where they were traded on the commodities exchange? Are they not actually traded on the exchange?
We have a small flock of mixed breeds so we get a nice variety of colors. They are in demand we use them for barter and paying off corrupt officials.
The malevolent orange entity (Orange Man Bad or #45/47) needs to reign in the USDA, FDA, EPA and purge them of their globalists who want starvation. Control the food, water and energy and you control the peasants (that's why Californiastan was going all electric - easier to cut off your power).
Snuby642 - you're ahead of the curve. Keep the gate locked and keep los federales off your land. The Orwellian USDA wants to register all animals.
Look up waterglass - Immerse the fresh eggs in a glass jar (1 gallon plus) and it'll preserve them. Waterglass is good for making (nitrate) paper cartridges too (black powder fyre-arms) so don't dump it after there's no more eggs.
Gary is talking about long term storage. Even with the bloom still on an egg it will loose water and go bad if you don't use them soon enough. That occurs in the fridge or on the counter. We leave ours on the counter, no problem. But they still have the bloom on them. The only two reliable ways I know of for reliable storage is water glass (medium term) and freeze drying (long term). I know some have used dehydration to good effect as well.
Dehydration works if you want to reconstitute them in scrambles or just as an ingredient in something else. The texture leaves a bit to be desired. Beats going hungry.
Just got my updated home insurance bill... Went from $5500 last year to $7950 this year. Fuck that! This is in North Dallas area.
It was $1500 just 4-5 years ago.
It was $1500 just 4-5 years ago.
But not without destroying a citizenry's savings first.
Inflation takes your money. Deflation then takes your job because no one can buy anything at almost any price. It also takes whatver you have on a bank note because you cannot pay the note. Happens over and over.
anyone else waiting on the gov to release the 'real' numbers now that Trumps in office.
or.. Will the Gov hide the number so 'they' don't have to give a COLA raise?
I always laugh when I see this..
3%
The current annual inflation rate for the United States is 3% for the 12 months ending January 2025
or.. Will the Gov hide the number so 'they' don't have to give a COLA raise?
I always laugh when I see this..
3%
The current annual inflation rate for the United States is 3% for the 12 months ending January 2025
They need to clean the SS and welfare roles first or there would be a level shit-ton of money going to bad actors. I realize that is not an answer that helps many here, but the grift appears deep if the DOGE reports prove to be the tip of the iceberg.
I expect that what you ask for will come to pass as the MSM and deep state try to turn the populace against Trump by releasing the actual numbers when it becomes beneficial to them and not immediately attributable to Biden.
Why the steep increase? Is Dallas flood prone or something?
Greedy bastards wanting folks in safe areas to pay huge rates so they can offer low rates to folks in states far away that should be paying a lot more.
I guess I'm about to see what is going to happen on that too.
Hail mostly... but nothing new in the last 10 years.. except maybe the density of housing? Larger overall claims for each storm? But more homes should be offsetting that. With higher deductible and these rates, I'd be better off self insuring against hail even with a new roof every 3 years.
Over that time frame most people in north Texas got property values skyrocketing due to California refugees stinking up MY ao.
And evidently these illegals running around getting homes 3 times larger than mine handed to them off MY FUCKING DIME.
So ya my shitbox went up also.
And evidently these illegals running around getting homes 3 times larger than mine handed to them off MY FUCKING DIME.
So ya my shitbox went up also.
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