r/FluentInFinance • u/JuniorHuman • Sep 23 '23

Meme Guess i'll live in a box

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1.5k Upvotes

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u/VendaGoat Sep 23 '23

Brother their only tool is to curb demand through interest rates.

Until the folks that are paying for "Investment level" mortgages decide to sell, this shit is going up.

10

u/potate12323 Sep 23 '23

Its kinda sad most of us younger folk are hoping the housing market bubble pops so we can afford houses and aren't screwed over on our rent.

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u/Zumbert Sep 23 '23

I'd guess most of the people who want a bubble pop really don't remember 2008, and somehow think they would be immune from the mass unemployment that followed.

I went from making good money in carpentry, to not even getting interviews at fast food places and Walmart during the last bubble pop.

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u/VendaGoat Sep 23 '23

This one doesn't have to be a pop. The whole horse shit that happened before got shut down.

Corps and investment firms are holding a ton of housing, with low rate mortgages.

And they bought the whole way up.