Elizabeth Warren and three other Democrats urged Fed Chair Jerome Powell to bring down interest rates at the upcoming Fed meeting to expand affordable housing. More beggers and more hopes and dreams praying that the fed cuts rates at the upcoming fed meeting? I honestly i cannot believe how pathetic wallstreet and these top politicians are asking and begging for rate cuts. There is absolutely ZERO reasons for rate hikes as if you listen to most talking heads, the economy is doing absolutely perfect under 5% fed rates, as you can see s we are in a huge bull market where stocks are now up 12 of the last 13 weeks with new historical highs being reached every single day. Stop stop stop crying and pleading for rate cuts, I'm laughing because she honestly believes lower interest rates would make housing more affordable???? its not going to make anything more affordable!! Nothing is going to make housing more affordable, lowering rates isn't going to make it.more affordable, housing prices are insanely high and have been for years well before rates starting started moving higher, reason is because of QE and all the free money printing. In fact if the fed never saved the housing market during the housing crisis back in 2008 and 2009..... jussssssst maybe housing prices would be somewhat more attainable on a median income salary today, but they aren't. On top of that you can hope and dream all you want for housing affordability but it won't be happening anytime soon because they would rather keep prices propped up then to see them more affordable ..... And even if rates come down to 3 % housing and living expenses aren't going to drop and become more affordable, tbose days are gone..... Blame wallstreet and the fed for every bit of of inflation you see. Without 20 -40yrs of free money, QE TARP and fed bailing out every bank and stock market drop we wouldn't have had to contend with what we have today on the high prices of goods and services. Thank you fed and friends for inflation and the propping up housing prices stock markets and goods and services!!!! https://www.cnbc.com/2024/01/29/war...well-to-cut-rates-ease-housing-pressure-.html
"Elizabeth Warren and three other Democrats urged Fed Chair Jerome Powell to bring down interest rates at the upcoming Fed meeting to expand affordable housing." This is straight out of the Peronist handbook which brought hyperinflation and decades of economic decline to Argentina
it's not in the builder's interest to build affordable housing. More lucrative to build mcmansions and higher taxes for the state