{"id":81627,"date":"2022-04-19T06:39:51","date_gmt":"2022-04-19T11:39:51","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=81627"},"modified":"2022-04-19T08:09:54","modified_gmt":"2022-04-19T13:09:54","slug":"81627","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=81627","title":{"rendered":"Boom Kill"},"content":{"rendered":"\n

Joe Doakes from Como park emails:<\/p>\n\n\n\n

Mortgage interest rates just broke 5%<\/a>. I predict a decline in home prices. <\/p><\/blockquote>\n\n\n\n

I start from the assumption that home buyers have an upper limit to their monthly payment, let’s say $1,000 for principal and interest (not counting taxes and insurance).<\/p><\/blockquote>\n\n\n\n

$1,000 per month P\/I on a 3% mortgage gets you a $235,000 house.<\/p><\/blockquote>\n\n\n\n

$1,000 per month P\/I on a 5% mortgage means you can only afford $185,000 house.<\/p><\/blockquote>\n\n\n\n

The seller must cut her asking price $50,000 to meet your budget. That’s a big chunk of her retirement fund, gone. <\/p><\/blockquote>\n\n\n\n

I’m sure Lesko Brandon will blame it on Putin’s invasion, or Donald Trump, or climate change, but let’s not kid ourselves. This financial disaster has the same cause as gas prices at the pump: He did that.<\/p><\/blockquote>\n\n\n\n

Heckova job, Democrats and Never-Trumpers. But hey, no mean tweets!<\/p><\/blockquote>\n\n\n\n

Joe Doakes<\/p><\/blockquote>\n\n\n\n

Rama Emanuels injunction to \u201cnever waste a crisis\u201dis useful in the defensive as well as on the attack.<\/p>\n","protected":false},"excerpt":{"rendered":"

Joe Doakes from Como park emails: Mortgage interest rates just broke 5%. I predict a decline in home prices. I start from the assumption that home buyers have an upper limit to their monthly payment, let’s say $1,000 for principal and interest (not counting taxes and insurance). $1,000 per month P\/I on a 3% mortgage […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[448,57],"tags":[],"class_list":["post-81627","post","type-post","status-publish","format-standard","hentry","category-back-to-the-70s-economy-and-the-market","category-economy-and-the-market"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/81627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81627"}],"version-history":[{"count":2,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/81627\/revisions"}],"predecessor-version":[{"id":81630,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/81627\/revisions\/81630"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81627"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}