Economic News - Trump's DOJ launches criminal investigation of Fed Chair Jerome Powell

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 4K
  • Views: 186K
  • Politics 
mpaer said:
I don't know much about Housing variables that have resulted in soaring costs-at least in desirable areas
But "I think" supply and demand for the Land is as big a factor as any
In nice little traditional middle class neighborhoods in Cary houses are going for $600,000 as teardown/rebuild projects
Click to expand...
My brother lives in an older neighborhood in Raleigh. There are several examples where people have bought a house, torn it down, and built a much larger house on the lot.
 
Patb78 said:
My brother lives in an older neighborhood in Raleigh. There are several examples where people have bought a house, torn it down, and built a much larger house on the lot.
Click to expand...
Oh yea
And its supply and demand
A lot in the right neighborhood is worth about anything
Few years ago in Wrightsvlle beach it was a million-not its 5. And there is at least one Carolina grad buying several
 
mpaer said:
I don't know much about Housing variables that have resulted in soaring costs-at least in desirable areas
But "I think" supply and demand for the Land is as big a factor as any
In nice little traditional middle class neighborhoods in Cary houses are going for $600,000 as teardown/rebuild projects
Click to expand...
SMALL lots in the old mill house part of Carrboro go for $400K and up. Definite teardowns. Carrboro allows “in-fill” on many lots; so, a 2nd or even 3rd dwelling might be built on a small-medium lot.

Chapel Hill doesn’t allow in-fill (maybe in a few neighborhoods). My old neighborhood in Colonial Heights doesn’t allow in-fill. Our house sat on about an acre. You could put two more dwellings on the property.
 
nycfan said:
Click to expand...

“… “I don’t know anything about it, but he’s certainly not very good at the Fed, and he’s not very good at building buildings,” Trump said of Federal Reserve Chair Jerome Powell in a brief interview with NBC News Sunday night.

… Trump told NBC News on Sunday that the Justice Department subpoenas have nothing to do with interest rates.

“No. I wouldn’t even think of doing it that way. What should pressure him is the fact that rates are far too high. That’s the only pressure he’s got,” Trump said.

“He’s hurt a lot of people,” he added. “I think the public is pressuring him.”…”
 
WaynetheDrain said:
Looks like Trump is finally starting to realize you can't just lie about the economy being strong without some actual real-world results to back it up. He's going to try to gain control of the Fed just in time to artificially juice the economy before the mid-terms. The man is incapable of ever playing anything straight.
Click to expand...
Except that he's likely to screw up the economy far more than boost it, as the criteria he'll use to appoint Powell's successor will be less how competent or capable he is and more how blindly loyal and how much of an ass-kisser he is. Trump hates experts, which is one reason why MAGAs love him so, as they hate experts too.
 
You must log in or register to reply here.
Back
Top