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Cake day: June 30th, 2023

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  • “The mortgage lock-in effect is also hurting housing inventory and sales, as many sellers are reluctant to list their home and give up a competitive mortgage rate. A staggering 72% of outstanding mortgage debt has interest rates below 5%, nearly two percentage points lower than the current level.”

    “And so that plus a bunch of sellers being locked into low mortgage rates and not wanting to trade up, creates a supply-demand imbalance. That’s why you’ve seen prices run up so much from the pandemic,” he continued. “And it’s why even with prices starting to ease in so many markets, you’re still seeing volume low”

    Imagine that, people having a house for 5 years and not selling it, oh the horror. Yes, the price of housing increased soo much cause no one wanted to “trade up” their house after 5 years. Def had nothing to do with investment firms scooping up houses for 200k plus over asking in cash. Right, that couldn’t be it. And it most certainly isn’t those same firms fault for buying up old affordable housing and transforming it into luxury a Airbnbs causing a domino effect of high costs and low inventory of affordable homes. No it’s the people who wanted to buy a house and live in it for like idk 20+ years. Zillow can eat a bag of dicks.





  • Yeah i saw the clarification, everyone’s kinda piling ontop of you and I don’t think u 100% deserve it, I was just trying to offer a bit of outside refection incase u needed it. Sounds like u got it under control lol, but like maybe don’t call people boomers that just enjoy a joint or prefer to smoke. Shit effects everyone differently and different terps hit people people in varying ways based on method. Happy token









  • While I do think that FEMA is neccissary and that we need a nationalized safety blanket for those that get effected by natural disasters I’m not entirely in disagreement with a complete overhaul of FEMA. FEMA does suck ass and is way too bureaucratic. Anyone remember the shit show that was Hurricane Katrina recovery? And if you do you most likely don’t remember Hurricane Rita that hit the western part of Louisiana just a few weeks later. A much less populated area of the state but hit just as hard with significant loss of homes, several communities being washed completely away and a rediculus amount of costal wetland losses due to salt water intrusion. Still, New Orleans was devestated, lives were lost, FEMA severely dropped the ball on too many fronts to count, and the city to this day has remnants of abandoned buildings and houses that have been empty nearly 20 years later… FEMA trailers, the reselling of FEMA trailers, hundreds of people that lost what money they got from FEMA due to sheisty contractors who just took their checks and never did a damn thing. All of this either directly or indirectly due to the organization being a shit show.

    On top of this the majority of the homes that are rebuilt are in questionable areas and due to climate change will be in danger of repeating this cycle in the next 5 years. The FEMA maps can go fuck off, as some one who has worked in a field that delta with them on a daily bases, they often times do not take into consideration the realities of flooding possibilities under climate change and are heavily influenced by insurance companies and other political entities.

    On the flip side, I know many people that would have been homeless with out those FEMA checks. The money injected into the economy of South Louisiana is a big part of why it’s not considered an apocalyptic wasteland. It’s not great in it’s current state and is propped up on oil money and voodoo but I have no doubt I my mind that it would be a hellscape had the recovery been left solely to the good Ole boys in the state legislature. There is zero chance that the state would have had 5% of the money needed to recover to where they currently stand. The oil companies def would not have helped.

    All in all I am two beers in and this article hit a sore spot that I have. I hate FEMA but don’t think that in any way trump is going to help this situation. Even a broken clock is right twice a day…