In 1983, the mortgage rate was 15%. Fortunately we were able to assume the existing mortgage from the seller, 9%. Unfortunately the bankers realized that the concept of assumability was not tenable and stopped offering that with their mortgage products.
Imagine how quickly my home could be sold if the 3% mortgage was assumable.
As to the inflation under control question, I submit "Hold my beer" for the non drinkers "You ain't seen nothing yet". Easy predictors to follow, oil prices, therefore gas; groceries prices.
The inflation reduction act will show signs of working once a Republican president takes over and throws Biden’s energy policy in the trash. Then they will all say “see, it just took some time but it’s working!!! “.
It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies and nosers−out of unorthodoxy
