Oh, you are still screwed. When rates go up, people can't borrow as much money at the high rates. This crashes real estate values because demand plummets. Your home is going to be worth less.
So which is it, property value go up, or property value go down? I'm confused.
Property values should go down when the fed rigs the rates higher, because people can't afford as large of a mortgage. Borrowing 500,000.00 at 2.75% is only a 2,041.00 monthly payment, but 500,000.00 at 8% is a 3,669.00 USD monthly payment, nearly double.
Blackrock is buying homes with their gigantic piles of cash now that normal people can't afford it, which is keeping the price relatively the same.
The local tax jews are reassessing property values at much higher property values, which is screwing even existing home owners with much higher monthly payments. This is going to force a lot of people on a fixed income into selling their home at the worst possible time.
Blackrock isn't planning to sell those properties at a loss, either. They plan to rent them perpetually and use that as their revenue stream.
The Fed is forcing people into homelessness by raising rates, while Blackrock is buying the properties they are being forced to sell, which keeps property values high, which increases property taxes, which forces even more people to sell their homes.
Get it?
Well at what point is my home going to be worthless?
At what point did I say homes were going to be worthless?
If you can't read the business section of a newspaper and have it 100% make sense to you, then you aren't going to understand what I'm writing. There are economic concepts here, and if you don't know them, it might as well be written in a dead language. This is how the jew keeps 99% of people in the dark. You should learn business and economics.
I learned it by reading the business section of the newspaper every day for several years and memorizing the barron's dictionary of finance and investment terms. Then I read financial newsletters until I understood the concepts, and knew what company every ticker symbol stood for. With the internet, it's probably 100x easier than it was when I did it.
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