Row 67429

Row ID: 67429 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 67429 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Bingo. This is realtors, landlords, builders, and banks desperate to unload their stock before the bottom falls out. Inventory is climbing because hardly anyone can afford anything at current prices and rates.

High rates caught them offguard. Buying up homes with low rates, selling high, and writing off depreciation worked for 30 years. They've reached the end of the good times and want suckers to be their bagholders.

People think it will be like the 70's with rising inflation and higher home prices, but I don't think it happens that way this time. The average home price early in the 70's was around $20,000. Just 50 years later it's nearly half a million, or 25 times more. That's a huge difference. Wages aren't 50 times higher. Oil isn't 50 times higher. The only thing that is is the markets and public debt and they're historically overbought and overspent as well.

We juiced the economy for too long. I don't see how we avoid stagflation, but maybe I'll be wrong. Boomers deserve a lot of the blame for this. For 40 years they only helped themselves. They're called the "Me" generation for a reason. Nothing but entitlement from most of them. They had no idea how good they had it but always demanded more. I hope they experience the consequences of their actions. The certainly deserve to.

FieldValue
text Bingo. This is realtors, landlords, builders, and banks desperate to unload their stock before the bottom falls out. Inventory is climbing because hardly anyone can afford anything at current prices and rates. High rates caught them offguard. Buying up homes with low rates, selling high, and writing off depreciation worked for 30 years. They've reached the end of the good times and want suckers to be their bagholders. People think it will be like the 70's with rising inflation and higher home …
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-23
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Raw Record

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  "text": "Bingo. This is realtors, landlords, builders, and banks desperate to unload their stock before the bottom falls out. Inventory is climbing because hardly anyone can afford anything at current prices and rates.\n\nHigh rates caught them offguard. Buying up homes with low rates, selling high, and writing off depreciation worked for 30 years. They've reached the end of the good times and want suckers to be their bagholders.\n\nPeople think it will be like the 70's with rising inflation and higher home prices, but I don't think it happens that way this time. The average home price early in the 70's was around $20,000. Just 50 years later it's nearly half a million, or 25 times more. That's a huge difference. Wages aren't 50 times higher. Oil isn't 50 times higher. The only thing that is is the markets and public debt and they're historically overbought and overspent as well.\n\nWe juiced the economy for too long. I don't see how we avoid stagflation, but maybe I'll be wrong. Boomers deserve a lot of the blame for this. For 40 years they only helped themselves. They're called the \"Me\" generation for a reason. Nothing but entitlement from most of them. They had no idea how good they had it but always demanded more. I hope they experience the consequences of their actions. The certainly deserve to.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-23",
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