Submitted by mad_dog_94 t3_124pbvf in jerseycity
Informal_Bat_722 t1_je1b6cm wrote
Reply to comment by AccountantOfFraud in Tenants Fight Back As Rents Soar In Jersey City And Hoboken by mad_dog_94
> We've had rates at near zero for years now
What? Avg interest rates for 30 yr right now are 7%. In what world is that "near zero"?
AccountantOfFraud t1_je1gigh wrote
Maybe try going back further than a year, my guy.
Informal_Bat_722 t1_je1igvi wrote
Okay, how about since 1971, my guy.
The lowest they've ever been in recorded history was during an unprecedented pandemic, and even then the lowest average for 30 year was mid 2s.
Absolutely no one worth their word would categorize this as "near zero for years."
AccountantOfFraud t1_je1ix4u wrote
Jesus Christ, man. It is a fucking phrase.
Its also called refinancing, you schlub.
Informal_Bat_722 t1_je1jueg wrote
>how dare you hold me accountable for the misinformation I spread & the words that I use
- you
grow up, pussy.
AccountantOfFraud t1_je1n5cl wrote
Zero interest-rate policy - Wikipedia
Still schlubby. Arguing 2% vs 0% lmao
Informal_Bat_722 t1_je1w7ra wrote
You continue to show how uneducated you are, as you post a wikipedia article about Japan's interest-rate policy with a note about what the Fed's position was after The Great Recession. Moreover, you're comparing the fed's rate vs mortgage interest that a consumer exposed to which are not mutually exclusive.
Why don't you speak to any of your successful friends, or anyone who has worked in finance/accounting, if they think a 2% difference in mortgage interest is significant or not :]
Not only a pussy, but also showing signs of a brittle ego. Keep it up!
AccountantOfFraud t1_je1x55a wrote
> and in the United States from December 2008 through December 2015.
Literally in the very first paragraph. Embarassingly schlubby
> conditions with a very low nominal interest rate,
Very low nominal interest rate. C'mon schlub.
Informal_Bat_722 t1_je1xpc0 wrote
Explain to me why you think the central bank's rate is the same as what a mortgage rate is
AccountantOfFraud t1_je1y2uk wrote
Where did I say they were the same?
Informal_Bat_722 t1_je1yp3z wrote
> Mortgage interest is deductible and also how would they get fucked by interest in the first place? We've had rates at near zero for years now.
English is hard for you, huh?
In a conversation where everyone is speaking about mortgage interest rates, and following the very sentence when you call out mortgage interest rates. Colloquially, and properly in the English language, there is a correlation between sentences in one paragraph.
If that wasn't your intention, then you should work on your grammar.
Does all this thinking hurt your whittle brain?
AccountantOfFraud t1_je1zj1q wrote
You know the interest that the Fed sets has an effect on the mortgage rates, right? Very schlubby.
Informal_Bat_722 t1_je4ze1f wrote
Yes but it's disingenuous at best to relate the interest rates the fed sets to what a consumer's mortgage interest rate actively is.
Your comment was that [mortgage] rates have been near zero for years now, which is objectively wrong. Show me any consumers who have a near zero mortgage interest rate.
Honestly, you kind of come off as someone with a mental disorder or some level of autism so I'm not continue to make fun of you.
How brittle you are makes it too easy.
AccountantOfFraud t1_je520i1 wrote
Dawg, it is literally tied. You are arguing semantics, which is super schlubby.
Informal_Bat_722 t1_je5aqh0 wrote
Something being tied =/= something being mutually exclusive.
Your statement is objectively wrong, I don't know how else to say this.
Have a modicum of self-respect.
AccountantOfFraud t1_je5cgqt wrote
Embarrassing stuff here. Later gator.
Informal_Bat_722 t1_je5dus8 wrote
I can palpably touch the irony
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