Submitted by Garweft t3_10pxjjk in wallstreetbets
Comments
[deleted] t1_j6mo7cu wrote
[removed]
DYTTIGAF t1_j6mq4iy wrote
Papa Powell will bring discipline to the unruly teenagers who think they have control of his "house".
They are tourists (these Masters of the Universe). The pimp hand of capital formation and the landlord who "rents" money is now exerting his authority.
Let the thumb sucking and gnashing of teeth begin.
AcceptableEnd8715 t1_j6mqpol wrote
Yea daddy. Stunt on me
AcceptableEnd8715 t1_j6mqron wrote
Translation: 50 basis point comin in hot
DYTTIGAF t1_j6mqu8o wrote
SkipperSkupper t1_j6msty1 wrote
Priced in ?
Degenereth t1_j6mszej wrote
AcceptableEnd8715 t1_j6mtmdo wrote
hypotenusehippo t1_j6mviad wrote
Houses are still $250k on average over what they were in 2020 in my area. I'd say he still has work to do but whether he has the stones to do it is another matter with all the outside influence
crankyp4nts t1_j6mwchu wrote
Ya got a solid meme game, my regard! keep it up!
Jarlwald5 t1_j6myp36 wrote
I thought the same thing when trucks and SUVs shot up to 65k or more with elevated rates. Who the fuck can afford a 70k Tahoe at 6% interest? Well apparently a lot of people can lol. He's got to bring the hurt on some of these people before it makes a dent.
SkipperSkupper t1_j6mzbgc wrote
Defitnely is
Thereisnopurpose12 t1_j6n11uo wrote
Wallstreet has pretty much said he has a slit where his balls would be
Thereisnopurpose12 t1_j6n14fq wrote
AcceptableEnd8715 t1_j6n1a4o wrote
Everyone knows only 25 is priced in.
Pointlessnom t1_j6n1jm9 wrote
Damn, I haven't seen Dexter in a long long time.
AcceptableEnd8715 t1_j6n1n4c wrote
Thereisnopurpose12 t1_j6n1p0w wrote
MowithdaSauce t1_j6n6jc8 wrote
he's literally saying" watch me whip, watch me nae nae" on the whole market.
Mya_Elle_Terego t1_j6n6lau wrote
That shit ain’t coming down until real inflation drops. The commodity market is on steroids. Steel selling for more than aluminum. Those items aren’t based on sentiment, but global commodity rates. I couldn’t believe last June when it was cheaper to buy 3 tons of aluminum than steel at work. That makes cars real cost over double what it was regardless of competition or interest rates.
Shrugging_Atlas1 t1_j6n7dgw wrote
Sum bitch can't stunt for shit. Gonna let another .25 bps go before he calls it a wrap.
SkipperSkupper t1_j6n95k4 wrote
satuuurn t1_j6na089 wrote
I’m highly regarded but I don’t think the costs for houses are going to come down much ever no matter what. Best you’re gonna get are lower rates one day. The farts out of the barn now as they say 🥴
Capitol__Shill t1_j6naqxn wrote
At best its going to be 0.25 with some hawkish talk.
zippster77 t1_j6nbm0v wrote
He’s the numba one stunna.
kelu213 t1_j6nclu8 wrote
I am an unaware pleb, is there something going on today?
HenryGoodbar t1_j6ne1jr wrote
Verily thou hast the Divine Speech…
OnWin1997 t1_j6ne1zz wrote
Whole internet has only been discussing a 25 bps hike. If anyone here is on copium its you lmfao
HenryGoodbar t1_j6ne80q wrote
Market turnover. Bears take possession from the 30 yard line.
snapIntern t1_j6nelvx wrote
inflation going away just means prices stop going up, not that they would go back to previous prices. that would be deflation.
dmaxzach t1_j6nffc9 wrote
GeneralPage687 t1_j6ni9fo wrote
Let the thumb sucking and gnashing of teeth begin.
FracturedSoula t1_j6nieqt wrote
I don't think its today.. I think tomorrow, 2 pm Powell speaks with a rate hike.
TSLA240c t1_j6nmex4 wrote
Oh my sweet summer child, these dudes own the assets they don’t want them to come down, the dollar you work for could be worth less then toilet paper and they wouldn’t bat an eye. Printer is coming.
SkipperSkupper t1_j6nq2n2 wrote
Don’t matter what everyone is saying cuz Everyone is cooking with copium right now broski.
RSGoldPuts t1_j6nqc90 wrote
Definitely tomorrow. Don't know why it isn't red. Spy was red this morning and last night I was going buy puts but decided against because this market is absolute regarded in what it wants.
Just crash to 0 and let's all start over. Whoever has the most toilet paper wins.
Objective-Band1568 t1_j6nu6a2 wrote
Not “stunt on these hoes.”🤣🤣🤣
ReadyExamination5239 t1_j6nwov5 wrote
Who went all in on Calls?
evil-poptart t1_j6o32on wrote
Has the Fed ever do anything differently than what they said they would do in terms of rate hikes and pace?
Why would he do anything differently this time?
Garweft OP t1_j6o3wpx wrote
FED never said 25, market is ASSuming.
awesomedan24 t1_j6o7k9c wrote
A man can be an artist in anything... food, whatever. JPow's art is monetary policy and he's about to paint his masterpiece.
Psychological_Fix864 t1_j6o7wgz wrote
Went all in PUTS
Ok_Manager3185 t1_j6o820p wrote
Its the AI. It's gotta be. I highly doubt real people would be making these bizzare movements. AI runs the market and being unpredictable is the best way to proposely sway the numbers in your direction. Well, when you have enough money to be a market-maker
[deleted] t1_j6oawcl wrote
[removed]
Boy_Boss t1_j6odryj wrote
Couldn’t make up my mind so I got both
alphalegend91 t1_j6og5ii wrote
They're never going back down that far. Houses in essence are meant to be anti inflationary so when there's large inflation the house prices will go down slightly and stay flat at best. The only reason 08 happened was because like 90% of people had ARM's and weren't thoroughly vetted on their sources of income. This is different.
What I have been seeing is a decrease in inventory of homes for sale and a drastic increase in homes for rent. Why would anyone give up those sweet low mortgage rates at a way lower price than what they want?
hypotenusehippo t1_j6oj22v wrote
I hope you're wrong for my sake haha. I hear you though. I am no psychic and can't claim to predict the catalyst but it does feel unsustainable out there.
[deleted] t1_j6okcta wrote
[removed]
alphalegend91 t1_j6olfbe wrote
I hope I'm wrong too, but as someone who bought their house in 2020 and has a 2.25% 30yr fixed rate I would absolutely buy up another house if it ever crashed and rent out the one I have.
I only put 10% down and my mortgage is $1570 with the $70 a month PMI falling off soon. Rent comps in my area are $2300-2500 for my property. There's no reason for me to ever sell it and I know multiple people in the same boat that would do the same thing.
It's unfortunate, but the rich get richer and everyone else gets left behind.
Fit-Mangos t1_j6omfiu wrote
Sounds like the government should take over companies. Easiest way to control inflation! :)
gridflash t1_j6otm3m wrote
Powell works for the banks...
[deleted] t1_j6ouzbw wrote
[deleted]
No_Zookeepergame_27 t1_j6oxt5m wrote
One thing never fails - tomorrow CNBC Steve Liesman will ask Powell about the market rally this year and how that affects inflation. Of course Powell will talk tough after hearing this. This guy has pulled this the last few meetings.
SouthSandwichISUK t1_j6oyv8y wrote
It’s gonna be 25 bps and some stern talk about how totally cereal they are about inflation.
Slow-Bookkeeper7486 t1_j6p1a5x wrote
this didnt age well.
cantstopwontstopGME t1_j6p440m wrote
Sad that owning a home is considered “rich” now.. that used to be the absolute bare minimum
alphalegend91 t1_j6p49od wrote
I wouldn’t consider it rich, but being able to buy multiple properties and renting out the previous ones definitely would fall under that
Garweft OP t1_j6p4lpb wrote
Tell me you don’t know what your talking about, without telling me you don’t know what your talking about.
He’s on tomorrow regard.
jahnojay t1_j6p592d wrote
he's from the future
Slow-Bookkeeper7486 t1_j6p5sin wrote
priced in fool.
Garweft OP t1_j6p67uu wrote
Your getting rope-a-doped.
Slow-Bookkeeper7486 t1_j6p6dok wrote
tell that to me portfolio!!
Garweft OP t1_j6p7f0f wrote
The entire $36, or just the money not in crypto?
freemcgee69420 t1_j6p84xb wrote
London and every city in Canada would like to have a word with you. Not even JPow can save you from this.
Slow-Bookkeeper7486 t1_j6pavwn wrote
sorry about ur puts
Garweft OP t1_j6pc93w wrote
I have calls, and shares.
i-once-was-young t1_j6ph2bx wrote
Just supply and demand…
AwesomeRevolution98 t1_j6piouy wrote
That is exactly why I feel that the whole " 5% terminal rate bro and then massive pivot " is some soft landing meme cope . So much more work for feds to do that chances are we might either go past 5% to 6-6.5%, or we stay at 5% for a lot longer then we expect to.
As awesome as some rate cut or ending rates here would be things are still far too overshot to risk doing that now.
AwesomeRevolution98 t1_j6pizyk wrote
Yup exactly. Even if home prices go down like 30% which is a huge amount , 2008 we saw like only a 20% decline, with super high mortgages the net amount paid might actually be more.
VisualMod t1_j6mmg0p wrote
^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive