rainniier2

rainniier2 t1_j20lxb8 wrote

I blame him because he overstimuled the economy pre-COVID by leaving the interest rates low too long while the economy was humming along (he was pressured by trump and gave in). Then he overstimulated the economy during COVID because he didn’t recognize that he should scale back Fed stimulus once the government stimulus was approved. He has an almost pathological need to be methodical and transparent that causes him to pivot strategies too late. He was so afraid of spooking the market that he let the COVID stimulus run way longer than necessary. I don’t think he has learned from his mistakes and someone else should clean up his mess.

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rainniier2 t1_j1vp1mq wrote

In my opinion, the best bang for the buck in terms of winter travel on the east coast is Washington DC. so many free museums. Typically slightly warmer a little further south. Boston is hibernating this time of year and indoor activities tend to be $$$.

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rainniier2 t1_iy3yypg wrote

This is what I do. Google hotels with your dates and it does a nice little overlay of hotels on a map with prices. Look at photos. Book the one that is the best combo of niceness, location, price. Done. Asking us without a budget or location is not going to illicit many useful responses.

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rainniier2 t1_ix3qrew wrote

I’m not sure what interest rate you’re using but a $550k mortgage is about $3600-3800/month right now. If you’re using the estimates in Zillow the interest rates they use in their calculations are not up to date. You have to go in and change them to todays reality.

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rainniier2 t1_ix1elph wrote

I do not think it’s an us vs them issue. It’s just that using a blunt instrument like monetary policy on the housing markets has unintended and unequal consequences. In total $$$, higher cost of housing areas are impacted much more both positively and negatively.

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rainniier2 t1_ix127fz wrote

The garbage sitting on the market right now is INSANE. The interest rate hikes have barely put a dent in the housing prices around here. Which I guess is an issue when the Fed only has one tool and it’s a sledgehammer that impacts LCOL markets way more than the coasts. The lcol markets are hurting and the coasts barely see a blip. And then the cycle of ever increasing housing continues.

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