Maybe this is it?
Like I bought into my current house mortgage at $500k. Now I’ve seen a few houses down the road finish building… Mid city in Kenmore WA, for 2.4million. Okay great! I can barely afford my place, how can anyone dream of getting into a 2.4 million dollar house if they’re not the CEO of something or another? My neighborhood has a mechanic, a teacher, a juice maker, a nurse. Like that’s the people here and they don’t have 2.4million. Their kid’s kid’s might one day buy a school book for 2.4 million and look at how cheap houses were today. But not us, now.
So is this it? Does the market caput and the government just pays off all our loans in a big reset moment? Then everyone starts selling their house back to reasonable money like 200k or 300k?
hddsx@lemmy.ca 2 weeks ago
Hey there’s still the one green hold out
gnutrino@programming.dev 2 weeks ago
I believe that would be MarketAxess (MKTX) which largely deals in bonds AFAIK. Given that bonds are the traditional safe haven asset when traders see the market shitting the bed, them doing well isn’t necessarily the best sign for overall market health…
AwkwardBroccolli@lemmy.ml 2 weeks ago
Berkshire Hathaway?