Spyke

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memes

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Going Back ↪️🏨

This is the Fed's fault.

There should have never been less than 3 percent mortgages. They basically gave away free home equity to an entire generation. And you know what they did? Bought 2nd homes and allowed VRBO/AirB&B to thrive. Now with "normal" interest rates, none of this makes any sense.

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Oh how the turn tables

Everyone forgets Goddard. He invented what the German scientists perfected after a lot of government investments. The US didn't want to go that way with Rocketry, until the world saw the Germans make it work.

The US set Goddard to work on Jet assisted take off in WWII.

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Housing prices

3% mortgages did this. If mortgages were kept around historical averages of 7 percent, the asset inflation wouldn't have occurred. The monthly costs at 7 percent currently are unaffordable except for the top 20%.