Mortgage rates in the United States are now at 23-year highs.

If you are lucky you might be able to get a 30-year fixed rate of around 7 percent but most likely you’ll pay 8 percent if not higher. That’s assuming you can get qualified for a loan to begin with.

The rates aren’t necessarily high from a historical perspective. Rates have been artificially low for years. We basically had zero percent interest rates from the Federal Reserve since 2008 until the end of the virus hoax.

The big issue is that Jewish firms like Blackrock have horded residential properties which has artificially increased the price of homes. You also have people who locked in lower mortgage rates years ago and they aren’t going to sell their home to take on a mortgage with a higher interest rate. This has caused there to be a limited supply of homes for sale.

So now you have a situation where the home values are artificially high because of the limited supply. You combine this with the higher interest rates along with the lack of real wage growth and it is effectively locking a significant number of people out of home ownership.

The zoomer generation has been pretty much screwed over as far as home ownership goes. Why the hell would zoomers want to work their ass off at some dumb slave job when we have an economic environment that is difficult if not impossible for most people to acquire any sort of meaningful property?

It’s only going to get worse too. There’s no reason to believe that rates will be falling any time soon. The economy is broken on so many levels and this is just one aspect of how broken it is.

 

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