Rates are crashing and fuel to the moon!

right around $5.20 in Iowa and I had a smile on my face. Seems really cheap compared to out west at $6.30+

 

I won’t be worried until Daves OM switches from chef boy r dee to kitty food. Now that, will be a game changer. IMO that’s a more accurate milestone then anything freight waves can muster up.

 

Just wait till the millennials get kicked out of the basement. There’s a lack of responsible young men. Women are increasingly getting educated and taking charge. The men don’t want the responsibility, the women don’t need the men. It’s a good thing, a lot of the young men can’t support themselves, let alone a family, won’t work, or do anything else that feels the slightest bit uncomfortable. They just want to sit and play video games. All that aside, there’s still a whole generation of Consumers. Eventually everyone wants a shot at the American Dream. The current story young people are being told is a big lie. Too bad most believe it. Self defeating at best. Good times are followed by bad times, followed by good times. There’s always going to be a crisis somewhere. The constant stream of negative information is counter productive. While others are whining. Some are getting busy and making things happen. No Government or Corporations are to blame. Our personal Financial situations are our own responsibility. The illusion that we should all be rich, instead of just average, is another lie. In reality our standard of living is good, even in bad times. Immigrants come here believing everyone’s rich. Compared to their standard of living we are. I have always strived for more. No one gives you anything. I’ve learned to be happy with whatever I have. If I lived in a 20’ camper, and rode a bicycle. I’d still be happy. Point being, all we can do is our best. The ups and downs are inevitable and necessary to maintain a healthy Capitalistic system. All part of the process. Success or failure depends on where your at financially and also what age you are. Anyone under 55-60 yrs old can survive a recession. Just have to wait it out. Hope it doesn’t last too long. We’re nowhere near the numbers from 1975-1982. Unemployment’s low, interest rates are still low. Inflation is the problem. The Feds raising rates too fast, we’re already in a recession. They’re doing it now, so they can lower them later, when it’s really needed. Otherwise they’ll have nowhere to go in the future. Just my opinion. Probably flawed. I’m no economist, obviously. I do know that money flow and credit availability drives expansion. Banks make money during expansions, till it becomes too risky. Then they tighten up the supply. This time around the main concern is inflation. The Demon finally returned. Inflation erodes wealth. That’s the concern, keeping wealth already earned. They don’t give a #### how much John Q. Public pays for groceries.

 

I've been staying away from commenting in this thread cause I'am don't play the freight boards and I don't wanta preach the doom & gloom like a couple others.
But the last couple days the the stock market is in the basement due to the economic numbers reflecting just how much things have changed for the worse in the last 6 mths...and now today the Feds are gonna increase the interest rate to try to slow down this inflation
They claim it will be the biggest increase in the last 30+ years
JMO but I can't see where any of this is gonna increase freight volume
Side note in response to @Rideandrepair 's last post .. I agree with everything he posted .. but this might make those pampered millennials burrow in deeper in Mommy's basement
Maybe so deep now they will have to pipe sunlight to them

 

Lol, the Stock market and housings been fueled by low rates. They compete against each other. Soon the good news will be safe high interest CDs at safe insured Banks, if things continue. Along with more affordable housing. Always a good News story in there eventually. Housing prices can only go so high. Interest rates play a huge part. Mortgage qualifications based on monthly/annual income. Prices based on median wages in the area. Interest rate goes up, prices go down. I don’t think the housing shortage is as bad as they claim. Once more houses enter the Market for sale, building materials stabilize, we will know. I just don’t trust the hype, when it comes to Stock Market, or Housing. Kind of like, “ Better hurry won’t last long” Lol.

 

I try not to waste time watching the news cause I really don't belive much of what they preach on there..
Personal I'am glad they are bumping the interest rated.. they were compairing the difference on the same mortgage from Jan to today the way they fudged the numbers around they were scaring people into believing that because of the interest hikes in the last 90 days it was gonna cost you about 500. More a mouth now.. funny thing is they failed to disclose alot of info on the basis of the actual loan..
And that right there is why I don't watch the news .. since they feel the need to censor it to fit their taylor made needs for the sheep to follow

 

In July 2020 I refinanced my 3 rental properties to 80% of 2016 appraised value which allowed me to take all of my initial investment out.

In January I sold one of my rental properties for enough to take mortgage down to 30% of the 2016 appraised value for the two properties.

I haven't raised rents on current tenants the last two years, but new remnants are paying 50% more than they would have in 2016 and I have multiple choices for who to rent to.

The housing market is insane. Average list to close in my market is under 45 days. It's a bubble that will burst, but prices will still be unaffordable for gen z

 

So basically the sky is still falling and we're all doomed to fail.

 

Speaking of "boomers" and real estate. I bought a house back in November listed by a 75 years old real estate female agent. She made the worst pics of the house and it barely had any showings, so I only had one other offer to compete with.
This is what I see out of my window and she has not put a single pic of this view in the house listing, or even mentioned access to the water lol