Off-Topic Stock Market & Crypto Discussion

[Tony4Canes]

It's almost like the stock market is very reactionary.

The only way AB InBev suffers if the boycott isn't temporary. All I know is I went to pick up Yuengling on Monday and Publix was out. Plenty of Bud Light, Ultra, and Busch in the cooler and several end caps. They had restocked on Tuesday, but only two cases left.

FL has Yuengling now?? Very nice!!

 

[JD08]

FL has Yuengling now?? Very nice!!

We've had it for a long time, probably close to 20 years. It's always a strong seller.

 

[Tony4Canes]

We've had it for a long time, probably close to 20 years. It's always a strong seller.

Wow, guess never noticed when I lived down there lol

 

[Tony4Canes]

I used to go to Primanti a lot to drink there

Had no clue could buy it

 

[90scane]

If you're getting a mortgage, you might want to do it before May 1st. You're going to start getting penalized for a big down payment and good credit.

Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages

Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

www.washingtontimes.com

August 1 is another date to watch. They will add fees for higher DTI

 

[Fluffhead]

If you're getting a mortgage, you might want to do it before May 1st. You're going to start getting penalized for a big down payment and good credit.

Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages

Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

www.washingtontimes.com

This has to be an Onion article... right?

 

[crossover22[]_[]]

August 1 is about date to watch. They will add fees for higher DTI

Sounds like a great way to get the economy going.

Bunch of dumbass mother****ers.

 

[crossover22[]_[]]

This has to be an Onion article... right?

The Dementia Times.

 

[JD08]

This has to be an Onion article... right?

It makes zero sense, but I couldn't find any articles on it from the alphabet news sources, but here's Yahoo News redistributing a Fox News article.

Biden rule will redistribute high-risk loan costs to homeowners with good credit

A new federal rule will make borrowing for a home more expensive for those with high credit scores to subsidize loans to higher-risk borrowers.

news.yahoo.com

 

[TheEye]

Wow, guess never noticed when I lived down there lol

It was small, but yes Yuengling sponsored the Miami Improv Fest in 2003.

 

[TheEye]

If you're getting a mortgage, you might want to do it before May 1st. You're going to start getting penalized for a big down payment and good credit.

Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages

Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

www.washingtontimes.com

2001 all over again. It was more motivation for me to pay it down sooner.

 

[JD08]

2001 all over again. It was more motivation for me to pay it down sooner.

I hope to move in 4-5 years. I just need rates to go down, the market to go up, and stupid **** like this to go away.

 

[90scane]

The best article I could find on the changes:

FHFA delays implementation of LLPA DTI fees

The FHFA will delay implementation of a controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

www.housingwire.com

Not inflationary at all!

 

[SpikeUM]

Ok, so if you have a lot of debt from a bull**** degree, Brandon will forgive it.

If you have bad credit, Brandon will make it artificially cheaper for you to borrow even though that doesnt make sense.

And if you have good credit, Brandon will penalize you, because you know, you dont need the government handouts, even though that doesnt make sense.

Does that summarize it?!?

p.s. Another housing crisis will be on the horizon

 

[SpikeUM]

I have mentioned before that the headlines about real estate do not jive with what I am seeing, and look at DHR's earnings.

What Housing Bust? D.R. Horton Stock Soars After Earnings.

"Despite higher mortgage rates and inflationary pressures, demand improved during the quarter," the company said in its press release.

www.barrons.com

 

[TheEye]

I hope to move in 4-5 years. I just need rates to go down, the market to go up, and stupid **** like this to go away.

If rates go down the house prices go up. At the end of the day, it’s a push.

 

[90scane]

Llpa has been in place for 15 years. They are just adjusting it.

 

[JD08]

If rates go down the house prices go up. At the end of the day, it’s a push.

Not if I move away from this area.

 

[mr.h]

A company's primary responsibility is to their shareholders. In other words, the owners. C'est tout.

If your managed a business that produced 1000 widgets a day and they sold out each and every day, you wouldnt raise prices? What would you tell the owner(s)?

C'est la vie..

 

[SpikeUM]

C'est la vie..

See, we finally agree! Remember also that owners costs go up. I raised my rents about 10% this year, which was roughly in line with my increased costs.