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Fed raised interest rate by 50bp but dot plot got worse

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  • SANDRO 善子 : good info

  • philosophical Fox_51 : Is it going up or down?

  • dwarrior : No rate cut for the entire year. Market should be generally down

  • doctorpot1OP SANDRO 善子: Housing Loan GG undefinedundefined

  • doctorpot1OP philosophical Fox_51: if 50bp only without the worsening dot plot, market would have had rally up... but the dot plot haix undefinedundefined every time it got worse, market tend to drop cause interest rate going to go up even higher... why risk in stock when you can get guaranteed 5.5% in tbill right? so stock price might fall as investors start putting into tbills, banks interest rate will generally go up too..

  • doctorpot1OP dwarrior: yeaaa... those holding cash happy already.. now can get 5% interest rate already hahaha undefinedundefined those who borrowed money from bank will be sad undefinedundefined

  • RIPPER doctorpot1OP: I can’t imagine…..the only thing I'm happy about is buying at the right time. I don’t want to be a downer bud I can’t imagine even thinking about buying a first home right now or anytime in the foreseen future. This this is me off beyond belief simply because does anybody actually have any idea how much all of this is going to set back the country? Something as simple as buying a first home is a steppingstone in life and without that stone available in front of you to even try to jump on, all sorts of generational progress is going to be delayed… And I say this in a deep way… This will have long lasting generational effects

  • doctorpot1OP RIPPER: I heard the US housing prices are starting to crash right? Like drop 30% a few months back. Maybe in 2023 when recession hits, housing might crash hard and become affordable again, but the mortgage will be painful undefinedundefined
    I don’t foresee the high interest rate to linger on forever, I think politician will want to lower it as soon as it can so that the economy will grow quickly and they will claim the credit and secure another term. Let‘s see how this plays out undefined

  • RIPPER doctorpot1OP: After a wave or 2 of future foreclosures… We will see what happens. We are not there yet but I expect foreclosures will be talked about frequently within the next six months

  • doctorpot1OP RIPPER: That will be a good opportunity. The multi-millionaire YouTuber Graham Stephan, caught his lucky break during the housing crash as he snatch up cheap housing. If we are well prepared and well researched, might catch a lucky break too undefined

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