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Thread: At the expense of seeming totally ignorant..

  1. #1

    Default At the expense of seeming totally ignorant..

    Would someone please explain this to me and how it benefits people? Does this mean this is a sellers market or buyers market, i.e.; buying/selling a home? I was never good at this! Sigh!

    Also, would you please explain it in laimans terms for me? THANKS IN ADVANCE.

    https://www.foxbusiness.com/economy/...s-july-meeting
    Making good people helpless, doesn't make bad people harmless!

  2. #2

    Default

    Quote Originally Posted by Camouflaged View Post
    Would someone please explain this to me and how it benefits people? Does this mean this is a sellers market or buyers market, i.e.; buying/selling a home? I was never good at this! Sigh!

    Also, would you please explain it in laimans terms for me? THANKS IN ADVANCE.

    https://www.foxbusiness.com/economy/...s-july-meeting
    I will be watching for replies, as I haven't got a clue, either

  3. #3

    Default

    Well, at least I'm not alone. We can appear ignorant together!
    Making good people helpless, doesn't make bad people harmless!

  4. #4
    Join Date
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    Default

    I'm no economist , but my understanding is that it saves people money on loans, such as home or car loans. Also , it makes American goods cheaper for foreign countries , meaning our companies sell more goods overseas. Not sure if this affects savings such as CD's , which would mean people make less interest on their savings. Maybe someone else can answer this question.

  5. #5
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    the economic big wigs are split on this strategy - cheap and eazy to access $$$$$$ will expand the market >>> no doubt - whether it will spur on a sustained upturn is the question - Are people confident enough to borrow more????

  6. #6

    Default

    Sounds like pretty simple economics for both seller and buyer.
    I hope so IW. I'm in th middle of turning a home in Woodway. Very nice neighborhood. House is on a cul de sac, two story. 2,900 sq ft. Priced at $420,000. I want to get it sold quickly. I hate dealing with real estate. If interest rates are lower, this would help both me and the buyer.
    Making good people helpless, doesn't make bad people harmless!

  7. #7
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    One big change is that the interest on home loans should go down a bit.

    Also, companies that borrow money to expand their operations (make more stuff, to sell) will pay a little less. Those with stocks (including things like retirement plans) will get a little more money.

    And those people making the stuff get paid, and then go out and buy different stuff, growing the economy.
    Good medicine in bad places

  8. #8

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    Awesome!
    Making good people helpless, doesn't make bad people harmless!

  9. #9
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    Eerrrr, I think it has to do with supply and demand and anything that indirectly affects that is a secondary cause. So, if there was an excess inventory of houses for sale, it is a buyers market, cause they have lots of choose from, and the seller is just one of many. Wheres a low inventory of houses, is a sellers market, as the buyers are competing for less number of available items.

    In a twisted way, lowering the interest rate would increase the number of buyers able to afford an item, thereby pushing it towards a sellers market. However, potential sellers might think this is my chance to find a buyer and put their house on the market, which increases inventory, which makes it a buyers market.

    At the end of the day, it is supply and demand, interest rate isn't a direct effect, by itself.
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  10. #10

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    Oh, you just HAD TO throw a monkey wrench in there, just to confuse me, didn'tcha! Pthpthpthpthpthpthpth!
    Making good people helpless, doesn't make bad people harmless!

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