Fed chair says mortgages might not be available for long in some parts of the U.S.

[Jacson6]

Fed chair says mortgages might not be available for long in some parts of the U.S.

[applegrove]

1. Another way the middle class will be impoverished. AI

Last edited Wed Feb 12, 2025, 12:36 AM - Edit history (1)

will take middle class jobs too. Intergenerational wealth will not be able to be created. But drill baby drill...... oh wait a second, are the new poor majority in the USA going to be able to even afford cars?

Re: Fed chair says mortgages might not be available for long in some parts of the U.S

[Silent Type]

2. Listened to a bit. It's good. But at least for moment he's talking about unavailability of insurance

in areas like fire-prone California. I think that could well be the case. So you pay huge premiums or go uninsured. Worse, climate change is impacting a lot of other areas.

If I had money to burn, would love to live in hills of California, insurance or not.

[Jacson6]

3. Well if you pay cash for the house then you are fine.

But if you need a mortgage no bank would give you a loan so you could not buy a house. FYI.