30-year mortgage rates are near 8% with excellent credit. Interest rates have climbed for the past three months straight. The Fed is considering another interest rate increase for November and December, possibly pushing rates up to 8.5% or even 9%. The reasoning is that higher interest rates will "slow down inflation".
Home sales are at a 13-year low. Factor in the higher cost of insurance and the fact that property taxes are going up to unaffordable levels and the very high cost of labor and materials for home construction... and you have a real estate market that's going to crater.
I personally know several homeowners that had their homes listed for sale, but have removed them from the market in the past 2 months. They will wait and hold on to what they have for now. One real estate agent mentioned to a couple that they should keep their house off the market until at least middle of next year and then decide based on market conditions.
I'm suggesting that the U.S. economy is a three legged stool... and one of those legs is housing and private & commercial real estate. If it fails, the economy goes into a deep recession at best.
Look at the blue states only. See what the established wealthy are doing regarding local housing, allocating taxes and keeping 'their' wealth to prosper themselves and their kids?
Everyone else can complain all they want, but the truth is - the left is robbing you....legally.....County by County! The Democrats who preach equity, inclusion and anti racism are distracting you, out maneuvering you and gathering wealth (housing, land, resources) for themselves. Locally. It is a simple strategy. Unopposed. Unchallenged.
One can now SEE it via the Blue States. (the grift expanding) County by County the wealthy gain and preserve their wealth. Exclude the poor (both black and white).
The divide is happening right under your noses because you refuse to get involved, Locally, and see the grift happening in your own back yard.
While you concentrate on War, Debt, the UN, NATO and WEF, (and feel helpless) the Democrats and Rinos plot to plunder this nation's wealth county by county. And, they are succeeding. The exact thing happened in the 80s. It has happened over and over and over.
I agree with other Anons, Conservatives need a swift slap in the face. WAKE UP!
You ARE free Men - Act like it. Use your God given intellect and Protect your way of Life and protect those who cannot protect themselves. That is you duty - AS GOOD MEN. Honorable Men.