I’m skeptical of a 1000 person survey, especially when overall home sales are still down.

That being said, some people may be getting tired of waiting and willing to gamble on refinancing with favorable interest rates in the future.

Anyone that bought when rates were still 2-3% isn’t selling unless they’re being forced. Why would they, considering their real interest rate is negative at this point.

This is a non-headline because it’s reporting on something that was expected to happen when interest rates rose.

That being said, this does suck for those who have yet to purchase their first home. Property investors buying with cash have no incentive to stop buying. This is where government should step in and regulate. Those conversations should be headlining instead.

Exactly. Consequences are necessary to curb reckless behaviour. That’s why the leaders of these entities should be punished separately.

Well, yes and no. It’s grey like most things in life.

Banks and credit are a means to “grow the pie” by allowing us to factor in future value. Before banks and credit, the world was a zero sum game where one person only had because the other person had not.

They do serve a real purpose but are only valuable when properly managed.

So basically,

1. Banks will repossess vehicles to try and minimise losses
2. Banks will not be able to sell those repossessed vehicles, resulting in losses
3. Banks may become insolvent as they are unable to liquidate the vehicles
4. Government steps in to bail them out

New vehicle prices are not in line with their actual value, so banks are making loans that aren’t covered by the collateral. This is shit management by the banking industry. If it’s impossible to get an auto loan then vehicle prices will eventually fall as supply stacks up. Banks are feeding this cycle by being unrealistic in these loan assessments.

I don’t believe historic models can accurately account for today’s level of globalisation.

I literally got my Masters degree because I got pissed off at work 2 years ago.

lol you act like posting on Facebook does something. Narcissistic assholes the lot

Why does every American feel the need to take a stance and vomit their opinions? It’s ok to just be quiet and observe.

Yes. We will never be able to change the things we want to change unless we first understand them. Also, money.