When there is uncertainty, lenders get persnickety about lending money.
And yes that’s an #econsky official term
And yes that’s an #econsky official term
Reposted from
Sean Brodrick
Via Barnhart @barchart.com 42% of mortgage refinance applications are being rejected, the highest rate in AT LEAST the last 12 years #EconSky
Comments
It's going to get so much worse.
Who will afford the rents???
Property taxes high
Energy rates high
Insurance rates high
But sure
Let’s give the RICH THEIR UNFAIR SHARE
Average rent is $1700/mo so folks can't save enough to afford a $60,000 down-payment on a $300K home w/an average mortgage of $1200/ mo. The American dream of home ownership is dying.
I learned quite well that those ppl spin on a dime when the markets shift. They spew at least 50% BS all day long.
If you still have that crystal ball, would you share your current premonition?
Also we seem to have only 20 mos to develop a plan to avert Civil War, unless we get our shit together.
https://bsky.app/profile/sethabramson.bsky.social/post/3lklxs55d3k22
Then we’ll all celebrate with an avocado toast!
JOIN THE PROTEST SATURDAY, APRIL 5. Click the link and find a protest near you or organize one.
I think the media and everyday Americans can work together to save our government over the next couple of weeks.
Playing short commercials during pro sports games and March Madness would be the most efficient way to reach all Americans the fastest.
What do you think?
Jason
Please proceed. ☺️
Critical thinking is not a skill they possess.
The economy under Biden was the envy of the world, a world that was recovering from a pandemic.
American infrastructure went from a D to a C as money was spent to ensure our bridges didn't collapse when we drove on them.
THINK.
Conservativism moves us backward, liberalism moves us forward.
Instead, they cheer the shit they are forced to consume and beg for more.
The differentiation between those of good character & those without, is that those with good character don't have to wait until they're victims to take a stand. If we wait until each of us is victimized, it will be too late, if we aren't there already
My God, the ignorance is ASTOUNDING.
He can just declare bankruptcy a few times and the banks will still give him loans.
Then, when Trump changes the rules under his boss' command, people will vote for him for president.
Oh, and making monthly rent payments don't count toward one's score for...reasons.
And this creates uncertainty.
"Govt bailouts" were sweet then and now Elon Musk wants to gut regulations!
Didn't the deficit, Fed bond purchases and QEP start with the subprime crisis?
The Muskovite & pal will find a way to care for their friends.
And no, that’s not most of us.
Kansas Experiment 3.0
Republicans want utter lawlessness and what does that produce repeatedly, failed banks and illegal loans.
I'd like to see a statistic on that.
Suckers deserve it.
Through these mechanisms under the U.S. Constitution, federal courts can check the powers of the executive branch, ensuring adherence to the Constitution and the rule of law:
1. Article III
2. Supremacy Clause (Article VI, Clause 2)
3. Judicial Review Established by Marbury v. Madison
Seniors won't be able to buy or afford to rent either.
hasn't happened ever before is becoming the norm now The same thing goes for car purchases, people can't qualify for car purchases either
A recession is when your neighbor is out of work.
A depression is when you are out of work.
1929 again?
https://www.cnbc.com/2025/02/28/the-first-quarter-is-on-track-for-negative-gdp-growth-atlanta-fed-indicator-says-.html
Junk Rated Mortgages crashing the world economy
A Manifesto of sorts, for you with some really fresh ideas 😲 ᭙ꪮ᭙❕
Sir,
I challenge you to throw down the Gauntlet and challenge your fellow Billionaires to end Starvation.
Not asking you to end #WorldHunger.
Just eliminate #Starvation. 🎯
*Please see Comments..
Build Employment,
Raise Community Value/Equity,
Create Self-Sufficiency...etc
Along with Blockchain Technology bringing prices down, purchasing power up and easing Operations and Management. 🎯👍
https://www.perplexity.ai/search/could-you-run-a-grocery-co-op-GLYQQuniTKKBA6fHdLS2jg
Could you use Blockchain Technology
to replace Social Security numbers?
And, what would be the benefits❔
https://www.perplexity.ai/search/could-you-use-blockchain-techn-b3ztGI6MS72tEUTYk0v13g
uncertainty in the world right now.
Do you fell confident that there will be Tuesday?
cause there is like a not zero chance we go to a new Trumpian calendar or something
The range of possibilities is now greater than previously understood.
Are they 40% mostly Government workers or Tesla employees?
#DestroyTheBillionaires
#CrashTheMarket
Don't confuse it with humanism. Because now the whole country is suffering because of it!
#vladdydaddy
Bringing manufacturing back to the US? Sir, that’s not what you’re doing.
Just keep listening to vlad. 😳
Mark, respect
The rich looking to get richer at the expense of the middle class
2. Can't get a loan approved.
3. Airplanes keep crashing.
4. Putin makes POTUS wait on him.
5. People are losing jobs in the name of efficiency.
6. Legal residents getting evicted.
Thank god for March Madness or it will be horsemen full of shit now.
have a great day, Mark.
Also, thanks for always keeping us in the know.
We appreciate ya.
https://apple.news/AvWUQp_N9RcCdKgtMhOqUPw
Don’t worry Mark, we aren’t bringing the fight to you. 🫶🏻 It’s Leon, Zucks, and Bezos we can’t stand. 🤓
With investors shifting to Europe
- Bank of America Fund Manager Survey, March 2025
Interposed with photos of Donald Trump playing golf"
- @financialtimes.com
Add in the difficulty in getting/affording homeowner’s insurance and we are in the midst of a very difficult situation.
That’s unheard of. And, frankly, more than a little scary.
Many businesses succeed or fail based on people’s ability to own their own home & home ownership is, for most people, the best & safest path to accumulating wealth.
When are you gonna bring back Luca?
DonTheCon