WhiteWonder 2,795 Posted Thursday at 11:38 PM 22 minutes ago, Ron_Artest said: You probably know this but the president doesn't set the federal funds rate, and it did get lowered 3 times in Q4 2024. And as you said it was high to fight inflation. So blaming Biden for mortgage rates doesn't make sense. The fed has paused further drops because of tariffs, so that is the case to blame Trump. We can also look at construction costs, up in 2025 due to higher material cost, thanks to tariffs. I never said the president sets rates. I said the plan of action was to sit back and let the fed raise rates (aka no plan to fight inflation) Potus is not the fed, obviously. and I’m not even fully blaming Biden for the crazy inflated home prices. Obviously covid drove a lot of people out of city living (at least around me) and into the suburbs. Demand was through the roof. You had retirees selling their homes at record highs Share this post Link to post Share on other sites
TimHauck 2,994 Posted yesterday at 12:10 AM 1 hour ago, WhiteWonder said: Yes. We all know why mortgage rates started going up. The main plan to fight inflation was to let the fed raise interest rates which leads to higher mortgage rates. They should come down if the fed lowers rates. Something the previous administration didn’t seem to want and Trump wants. At this very moment, OMG TARIFFS, are part of the reason but there was ample time to lower them a bit more before he was even in office. So yeah, my comment was in response to rusty (look at me learning aliases) making a post with an article linked claiming the slow down in home buying is, naturally, TRUMP! When in reality, both the dramatic rise in mortgage rates as well as the dramatic rise in home prices happened during the Biden admin. Both of which are key factors and probably the largest factors in the slow d pace of home buying. But that third thing from the sentence you quoted, “growing economic uncertainty,” is the only thing that’s changed. Mortgage rates have been sky high since 2022. Share this post Link to post Share on other sites
WhiteWonder 2,795 Posted yesterday at 12:18 AM 4 minutes ago, TimHauck said: But that third thing from the sentence you quoted, “growing economic uncertainty,” is the only thing that’s changed. Mortgage rates have been sky high since 2022. And home buying has been cooling for a while. Sandy vagine just used an article about the most recent period. also, how much has growing economic uncertainty changed from 21/22? Those were not great years for the economy. 23 was and I’d say 24 was hit and miss. So far 25 has been very good, even in the face of the aforementioned “OMG TARIFFS”. Of course there is still uncertainty over how it plays out in the long term. bottom line is the article he posted outlines many issues that are hard to argue have anything to do with Trump but naturally his post is Trump! Share this post Link to post Share on other sites
TimHauck 2,994 Posted yesterday at 12:43 AM 23 minutes ago, WhiteWonder said: And home buying has been cooling for a while. Sandy vagine just used an article about the most recent period. also, how much has growing economic uncertainty changed from 21/22? Those were not great years for the economy. 23 was and I’d say 24 was hit and miss. So far 25 has been very good, even in the face of the aforementioned “OMG TARIFFS”. Of course there is still uncertainty over how it plays out in the long term. bottom line is the article he posted outlines many issues that are hard to argue have anything to do with Trump but naturally his post is Trump! I think you are underestimating the impact that “OMG TARIFFS” are having on the “uncertainty,” including people’s willingness to make the biggest purchase of their lives. But JMO. Share this post Link to post Share on other sites
WhiteWonder 2,795 Posted yesterday at 12:55 AM 10 minutes ago, TimHauck said: I think you are underestimating the impact that “OMG TARIFFS” are having on the “uncertainty,” including people’s willingness to make the biggest purchase of their lives. But JMO. I’m sure it’s having an impact but I’m not sure why we are pretending people’s willingness to make the biggest purchase of their lives has not been impacted since the price spikes of 21/22 and mortgage rate increases. Neither of which happened in 2025. Share this post Link to post Share on other sites
TimHauck 2,994 Posted 23 hours ago 27 minutes ago, WhiteWonder said: I’m sure it’s having an impact but I’m not sure why we are pretending people’s willingness to make the biggest purchase of their lives has not been impacted since the price spikes of 21/22 and mortgage rate increases. Neither of which happened in 2025. They’ve been “slowing” compared to the prior craziness, but still had been pretty steadily going up except for the second half of 2022 (right around when mortgage rates first started spiking). https://fred.stlouisfed.org/series/csushpinsa https://fred.stlouisfed.org/series/MORTGAGE30US/ Although speaking of the craziness, it really started in 2020. So considering it’s been 5 years (including pre-Biden) since price spikes and 3 years since sky high mortgage rates, it’s silly IMO if anyone blames Biden if prices come down now. The thing about the inflation under Biden is that part of the reason it got so high is because the job market was strong (even for the lower classes, @RLLD), so most people could afford to take the hit on inflation. I think what people are most afraid of with “OMG TARIFFS” is if they cause significant job losses. I don’t know if they will, but I bet a lot of people are concerned about that. Share this post Link to post Share on other sites
WhiteWonder 2,795 Posted 23 hours ago 4 minutes ago, TimHauck said: They’ve been “slowing” compared to the prior craziness, but still had been pretty steadily going up except for the second half of 2022 (right around when mortgage rates first started spiking). Cool, so we agree https://fred.stlouisfed.org/series/csushpinsa https://fred.stlouisfed.org/series/MORTGAGE30US/ Although speaking of the craziness, it really started in 2020. So considering it’s been 5 years (including pre-Biden) since price spikes and 3 years since sky high mortgage rates, it’s silly IMO if anyone blames Biden if prices come down now. Its less about blaming Biden and more about the silly blaming of Trump, which sandy loins was trying to do. You can't point to something like economic uncertainty due to tariffs and not be man enough to point out that mortgage rates were entirely a result of the biden admin. I remember reading an article published by a federal reserve bank toward the end of 2021 that showed the prices peaking in september of 2021, way higher than anything we saw in 2020. for what it's worth. The thing about the inflation under Biden is that part of the reason it got so high is because the job market was strong (even for the lower classes, @RLLD), so most people could afford to take the hit on inflation. I think what people are most afraid of with “OMG TARIFFS” is if they cause significant job losses. I don’t know if they will, but I bet a lot of people are concerned about that. Share this post Link to post Share on other sites
TimHauck 2,994 Posted 22 hours ago Obviously if prices continue to go up which they have then they’d be higher the more recent the data is you’re looking at. But the steepest increases occurred in 2020/2021, not 2021/2022 which is what you said earlier. Not a big deal but I mostly just wanted to point out that the crazy price spikes started pre-Biden, and it’s been over 5 years since that started. I also would blame the interest rates primarily on Biden, but definitely not “entirely.” The reason interest rates went up was because of inflation, and although Biden made it worse, it started because of Covid and people staying home and saving money, on top of the handouts. And in terms of home prices specifically covid restrictions gave people more motivation to own rather than rent. Share this post Link to post Share on other sites
Ron_Artest 1,659 Posted 22 hours ago I'd be curious @WhiteWonder what of Biden's actions you blame for inflation. I can point out the free COVID money. Also blame Trump for that. Otherwise it was COVID, right? What did I miss? Share this post Link to post Share on other sites
The Real timschochet 6,934 Posted 22 hours ago You gotta hand it to Governor Newsom. He’s really standing up to Trump. Today was a big victory for California. Share this post Link to post Share on other sites
WhiteWonder 2,795 Posted 22 hours ago 37 minutes ago, Ron_Artest said: I'd be curious @WhiteWonder what of Biden's actions you blame for inflation. I can point out the free COVID money. Also blame Trump for that. Otherwise it was COVID, right? What did I miss? you probably missed where I didn't blame Biden FOR inflation . Causing inflation and doing little to combat it in 4 years in office are two entirely different things there, champ. All I said was the Biden admin plan was to do little to nothing and let the fed take care of it with rate raises. I don't recall saying he caused inflation. Correct me if i'm wrong. Share this post Link to post Share on other sites
The Real timschochet 6,934 Posted 21 hours ago 2 minutes ago, WhiteWonder said: you probably missed where I didn't blame Biden FOR inflation . Causing inflation and doing little to combat it in 4 years in office are two entirely different things there, champ. All I said was the Biden admin plan was to do little to nothing and let the fed take care of it with rate raises. I don't recall saying he caused inflation. Correct me if i'm wrong. There’s really only one surefire way to fight inflation: free trade. Lower your tariffs to zero, let imported goods compete with domestic products, and prices will come down overnight. It also leads to major economic growth, prevents wars, and develops prosperity. Biden didn’t understand this and didn’t do enough to lower tariffs. Granted he’s not the total disaster that Trump is on this subject. But he could have done more. 1 Share this post Link to post Share on other sites
WhiteWonder 2,795 Posted 21 hours ago 56 minutes ago, TimHauck said: Obviously if prices continue to go up which they have then they’d be higher the more recent the data is you’re looking at. But the steepest increases occurred in 2020/2021, not 2021/2022 which is what you said earlier. Not a big deal but I mostly just wanted to point out that the crazy price spikes started pre-Biden, and it’s been over 5 years since that started. I also would blame the interest rates primarily on Biden, but definitely not “entirely.” The reason interest rates went up was because of inflation, and although Biden made it worse, it started because of Covid and people staying home and saving money, on top of the handouts. And in terms of home prices specifically covid restrictions gave people more motivation to own rather than rent. The article I remember reading, which was again from a federal reserve bank (I think Dallas) and showed the steepest increase being in Q3 2021. Yes, the article was from october or december of 2021 but still showed a steeper increase in 2021 than anything that was seen in 2020. Splitting hairs a bit but just saying. Technically I am more accurate saying 2021/2022 if the data shows late 2021. I would say price spike defintely started pre Biden, even if we include all of 2020 (really it didn't start until post covid hitting) and even if we pretend prices are still spiking at the same rate right now... that means it encompasses the entirety of the Biden admin and 1 year, 7 months of Trump. Share this post Link to post Share on other sites
WhiteWonder 2,795 Posted 21 hours ago 2 minutes ago, The Real timschochet said: There’s really only one surefire way to fight inflation: free trade. Lower your tariffs to zero, let imported goods compete with domestic products, and prices will come down overnight. It also leads to major economic growth, prevents wars, and develops prosperity. Biden didn’t understand this and didn’t do enough to lower tariffs. Granted he’s not the total disaster that Trump is on this subject. But he could have done more. unfortunately, true free trade can't be achieved unless other countries tariffs on US goods are also zero. Share this post Link to post Share on other sites
The Real timschochet 6,934 Posted 20 hours ago 1 hour ago, WhiteWonder said: unfortunately, true free trade can't be achieved unless other countries tariffs on US goods are also zero. True but it doesn’t matter. We should always have no tariffs regardless of what other countries do. Share this post Link to post Share on other sites
Maximum Overkill 2,075 Posted 14 hours ago 5 hours ago, The Real timschochet said: We should always have no tariffs regardless of what other countries do. ?????? Do you have any idea how business works? Share this post Link to post Share on other sites
Ron_Artest 1,659 Posted 14 hours ago 8 hours ago, WhiteWonder said: you probably missed where I didn't blame Biden FOR inflation . Causing inflation and doing little to combat it in 4 years in office are two entirely different things there, champ. All I said was the Biden admin plan was to do little to nothing and let the fed take care of it with rate raises. I don't recall saying he caused inflation. Correct me if i'm wrong. Relax bruh it sounded like you were blaming biden so I was just asking why. I assign some blame to Biden, some to trump as well. Right now more to trump as his policies have directly raised inflation. 1 Share this post Link to post Share on other sites
seafoam1 3,185 Posted 13 hours ago 31 minutes ago, Ron_Artest said: Relax bruh it sounded like you were blaming biden so I was just asking why. I assign some blame to Biden, some to trump as well. Right now more to trump as his policies have directly raised inflation. "bruh". Share this post Link to post Share on other sites
squistion 2,253 Posted 11 hours ago https://twitter.com/Acyn/status/1956086115934593432 (video clip at link) Reporter: What’s going on with those posts on X that are clearly trolling the president? Newsom: I hope it’s a wake up call for the president. I’m just following his example. If you have issues with what I’m putting out, you sure as hell should have concerns with what he’s putting out I think the deeper question how have we allowed the normalization of his posts to go without similar scrutiny Share this post Link to post Share on other sites
Tree of Knowledge 1,921 Posted 11 hours ago Newsom is just a bug with hair gel on the windshield of the MAGA Corvette. Share this post Link to post Share on other sites
HellToupee 1,860 Posted 11 hours ago lil squissy rolls out of bed thinking he’s firing off a banger at 6am pacific. cant imagine being consumed with such hate & fear Share this post Link to post Share on other sites
Meglamaniac 575 Posted 11 hours ago 9 minutes ago, squistion said: https://twitter.com/Acyn/status/1956086115934593432 (video clip at link) Reporter: What’s going on with those posts on X that are clearly trolling the president? Newsom: I hope it’s a wake up call for the president. I’m just following his example. If you have issues with what I’m putting out, you sure as hell should have concerns with what he’s putting out I think the deeper question how have we allowed the normalization of his posts to go without similar scrutiny You peed a little bit when you posted this didn't you Share this post Link to post Share on other sites
Fnord 2,298 Posted 11 hours ago 22 hours ago, squistion said: Are sandwiches as lethal as skateboards? Asking for a friend... Share this post Link to post Share on other sites
Meglamaniac 575 Posted 11 hours ago 1 minute ago, Fnord said: Are sandwiches as lethal as skateboards? Asking for a friend... Depends on where the sandwich is made Share this post Link to post Share on other sites
Fnord 2,298 Posted 11 hours ago 4 minutes ago, Meglamaniac said: Depends on where the sandwich is made LOL. In this case, Subway? Share this post Link to post Share on other sites
Meglamaniac 575 Posted 11 hours ago 4 minutes ago, Fnord said: LOL. In this case, Subway? I'd say no if it's Subway Share this post Link to post Share on other sites
Fnord 2,298 Posted 11 hours ago 3 minutes ago, Meglamaniac said: I'd say no if it's Subway Thank you. I will inform my friend of these findings. Share this post Link to post Share on other sites
Meglamaniac 575 Posted 11 hours ago 1 minute ago, Fnord said: Thank you. I will inform my friend of these findings. Tell Tony Hawk I said hey Share this post Link to post Share on other sites
Ron_Artest 1,659 Posted 11 hours ago If it was actually from Subway then I say throw the book at him. Anyone who goes to Subway should be charged with war crimes. Share this post Link to post Share on other sites
HellToupee 1,860 Posted 10 hours ago 9 minutes ago, Ron_Artest said: If it was actually from Subway then I say throw the book at him. Anyone who goes to Subway should be charged with war crimes. Definitely bottom tier of the chain sandwich shops Share this post Link to post Share on other sites
RLLD 4,272 Posted 10 hours ago 12 hours ago, TimHauck said: They’ve been “slowing” compared to the prior craziness, but still had been pretty steadily going up except for the second half of 2022 (right around when mortgage rates first started spiking). https://fred.stlouisfed.org/series/csushpinsa https://fred.stlouisfed.org/series/MORTGAGE30US/ Although speaking of the craziness, it really started in 2020. So considering it’s been 5 years (including pre-Biden) since price spikes and 3 years since sky high mortgage rates, it’s silly IMO if anyone blames Biden if prices come down now. The thing about the inflation under Biden is that part of the reason it got so high is because the job market was strong (even for the lower classes, @RLLD), so most people could afford to take the hit on inflation. I think what people are most afraid of with “OMG TARIFFS” is if they cause significant job losses. I don’t know if they will, but I bet a lot of people are concerned about that. If I seem unconvinced that the people who protected Biden creating the worst economic period of their lives suddenly seem concerned about the people and affordability, its because you are a focking liar just using the problem created by your ideological masters and pretending its someone elses fault .. but by all means, keep it up....this is the stupid sj!t lying that ensured Trump won the last election Sadly, even MSDNC is realizing this fact now and cautioning Democrats to stop the lying....hopefully they dont listen, and keep it up Share this post Link to post Share on other sites
TimHauck 2,994 Posted 9 hours ago 40 minutes ago, RLLD said: If I seem unconvinced that the people who protected Biden creating the worst economic period of their lives suddenly seem concerned about the people and affordability, its because you are a focking liar just using the problem created by your ideological masters and pretending its someone elses fault .. but by all means, keep it up....this is the stupid sj!t lying that ensured Trump won the last election Sadly, even MSDNC is realizing this fact now and cautioning Democrats to stop the lying....hopefully they dont listen, and keep it up What “problem” are you talking about? That the job market during Biden’s term was very good? Share this post Link to post Share on other sites
RLLD 4,272 Posted 9 hours ago 12 minutes ago, TimHauck said: What “problem” are you talking about? That the job market during Biden’s term was very good? Its great to have good employment, which is why I noted that was a good thing at the time.....you see...unlike you my position is not predicated on the political usefulness.....unlike a coward like you I hold the same position regardless. Oddly, BLS producing the extravagantly false jobs reporting was sorta dumb back then, they didnt need to lie to the American people to such an extent, the news was already positive.....conveniently BLS assiduously avoids counting how many people were adding a second job, since they were living in a time where the administration inflamed inflation to a point where having a job meant less....since your money went less far.... but hey, if you want to pretend that 77 million people are still wrong,..you do you Share this post Link to post Share on other sites
HellToupee 1,860 Posted 7 hours ago Looks like business is about to pickup with the cartels “In a massive show of force, President Trump is deploying 4,000 to the Caribbean aboard a flotilla of ships including Iwo Jima Amphibious Ready Group, 22nd Marine Expeditionary Unit, a nuclear-powered attack submarine, multiple P8 Poseidon reconnaissance aircraft, several destroyers and a guided-missile cruiser. Things are about to get very uncomfortable for the drug cartels. Gloves are off, Hammer of Justice coming.” 1 Share this post Link to post Share on other sites
Horseman 2,536 Posted 6 hours ago 43 minutes ago, HellToupee said: Looks like business is about to pickup with the cartels “In a massive show of force, President Trump is deploying 4,000 to the Caribbean aboard a flotilla of ships including Iwo Jima Amphibious Ready Group, 22nd Marine Expeditionary Unit, a nuclear-powered attack submarine, multiple P8 Poseidon reconnaissance aircraft, several destroyers and a guided-missile cruiser. Things are about to get very uncomfortable for the drug cartels. Gloves are off, Hammer of Justice coming.” Refreshing. This is what happens when an ALPHA is in charge. Meanwhile ALPHAs meeting in Alaska to broker peace hopefully. Share this post Link to post Share on other sites
Tree of Knowledge 1,921 Posted 5 hours ago 1 hour ago, HellToupee said: Looks like business is about to pickup with the cartels “In a massive show of force, President Trump is deploying 4,000 to the Caribbean aboard a flotilla of ships including Iwo Jima Amphibious Ready Group, 22nd Marine Expeditionary Unit, a nuclear-powered attack submarine, multiple P8 Poseidon reconnaissance aircraft, several destroyers and a guided-missile cruiser. Things are about to get very uncomfortable for the drug cartels. Gloves are off, Hammer of Justice coming.” Many people are saying Cancun and other resort areas will be safe again by first day of Autumn. Call your travel agents Share this post Link to post Share on other sites
HellToupee 1,860 Posted 5 hours ago 6 minutes ago, Tree of Knowledge said: Many people are saying Cancun and other resort areas will be safe again by first day of Autumn. Call your travel agents I was in Cozumel January 2020 and military vehicles with 50cals on top were patrolling the streets . It was kind of jarring and remember being told that it was the navy and they weren’t very friendly towards the cartels unlike the army Share this post Link to post Share on other sites
TimHauck 2,994 Posted 4 hours ago Do we own Greenland yet? Share this post Link to post Share on other sites
Tree of Knowledge 1,921 Posted 3 hours ago 45 minutes ago, TimHauck said: Do we own Greenland yet? No, but Trump owns you. Share this post Link to post Share on other sites