Whats Up Now
More Crazy happening, Mortgage Rates, October 12, 2023 Watch the Canary Senators and House Members In the Coal Mine.
Mortgage interest rates inched upwards and closer to the 52-year average (7.74% since 1971) by hitting 7.57% this week.
All my posts have been on target with the market and the Crazy's in DC. Out of control spending keeps going on and on. We won't see any return to nomal as long as the DC-Spend-Aholics keep doing what they're doing. And, only a handful from both sides of the aisle seem to care and they're putting up a fight to fix things but the Crazy's on both sides of the aisle keep spending like Spend-Aholics. It's out of control and as long as they keep doing what they're doing in DC, the rates will continue to go up! You won't see rates dropping to 5-6% for a very L o n g time.
The times are so different now then what it was in 1976-1988 the rates were out of control then but inflation was different, world behaviors are different, strange and weird, it doesn't feel right and I feel its going to get worse and I hope I'm wrong.
Watch the behaviors in DC and you can predict the real estate market
like a ​canary in the coal mine. So what do you do...
There are options to consider in this crazy market. The direction of the behaviors in Washington DC is the canary in the coal mine. Their behaviors dictate our real estate markets.
- Keep an eye on DC. Its is here that corrections are made, its nothing but a mess on both sides of the aisle.
- Keep an eye on the CPI and #5
- Talk to owners of grocery stores and their vendors.
- Talk to owners of car dealerships, large and small.
- PCE Personal Consumption Expenditures
- Watch the Treasury Bond ( 11:22 into video ) activity and the link to mortgage rates.
- If you're on FB, Click, this is another link facing the real estate market. If you pay attention to 1-7 you can predict our economic situtation in buying and selling real estate. This is why creative real estate transactions used in the 1980's will be helpful in the 2020's.
Today it seems like everyone's floating around in la-la land, thinking rates will all of a sudden drop overnight to 5-6%. It's not going to happen. That goes against the very thing the FED is trying to correct. It took Reagan to correct 21% to 10% and it was ten years. If anything, rates will be going up likely then down as of 10-12-23. We might need some mean tweets in the future. It's like a small hole in the Hoover Dam, plug it with gum, lower rates, realize you need to releave pressure, so remove the gum and the hole becames too large, so pack it back up again with double the gum, higher rates. People need real estate, deed transfers and less than fee simple deals need to be made with creative options in the crazy economic environment. Be connected to real estate attorneys, ( REAL ESTATE ATTORNEY'S ) and real estate brokers who understand ways to do deed transfers. Study real estate law, the bundle of rights, types of deeds, deed restrictions, etc. Life has been way too easy in the past and its time to be educated when buying and selling real estate in this screwed up economy. When others are telling you fluffy feel goods to buy or sell, I'm here to tell you we are in difficult times, and the only way to make things better is to make corrections with item #1 and understanding deed transfers.
#2-#3-#4-#5-#6-#7 are a result of #1. Study 1-2-3-4-5-6-7 and
you'll be ahead of the market curve
Hoover Dam
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