Fatmir

Income | credit | housing | markets
In plain English.

[Fatmir @FatmirReads]

He pays the bill on his phone every month.
Right at the end they add $3.50 to process it.
They do not mail a paper bill anymore. He still pays the $3.50. It is easier than arguing.

[Fatmir @FatmirReads]

@kurtsaltrichter Sales did not fall because people stopped wanting a house. They fell because moving now means a fatter payment on the same roof. The chart is the standstill. The bill is why it holds.

[Fatmir @FatmirReads]

@WOLF_Financial He locked the 2.69% and the sweater. Neither one is coming off.

[Fatmir @FatmirReads]

@leevalueroach You asked for your money back. They opened a 5% window and left the old price on the screen. That is how a mark stays pretty.

[Fatmir @FatmirReads]

@texasrunnerDFW A primary home is not a brilliant stock pick. Most people just kept paying the bill because they still needed a roof. That autopay is what stopped them from selling at the bottom.

[Fatmir @FatmirReads]

@FluentInFinance The listings showed up. The buyers left the group chat on mute.

[Fatmir @FatmirReads]

@PeterMallouk Nobody in 1982 was qualifying on a $500k box.
That old 18% chart does not pay this month’s note.

[Fatmir @FatmirReads]

@m3_melody They did not buy apartments. They bought a spreadsheet rent that never showed up and now the note is the landlord.

[Fatmir @FatmirReads]

@DeItaone Prices are up on the year, but the monthly move is tiny. The mortgage still does not clear.

[Fatmir @FatmirReads]

@iamcoriarnold 10% of $1,000 is $100. That only starts to matter after the $1,000 is actually sitting there.

[Fatmir @FatmirReads]

@NoLimitGains The tax man already took his cut. Inflation is the second fee for leaving what’s left in the checking account.

[Fatmir @FatmirReads]

@Leonajardinho The prices moved first. The paycheck is still chasing last year’s grocery bill.

[Fatmir @FatmirReads]

A guy at the gym had done the checklist. He made $72k, had no kids, no card balance, and $38k saved.

The house was $365k. Two bedrooms. Nothing fancy. At 3% the payment with tax and insurance would have cleared the $2,100 the lender wanted. At 7.18% it came to $2,740.

On paper he had done everything right. The old rate would have put him in the house. This one left him outside.

[Fatmir @FatmirReads]

@dirtcheapbanks The lender is the only adult in that kitchen. $6,800 does not care who wants the bigger closet.

[Fatmir @FatmirReads]

@robprogressive Food already ate the raise. Telling people to buy assets after that is a second conversation.

[Fatmir @FatmirReads]

@Kalshi The listing costs the seller nothing to leave up. The buyer has to live with that mortgage every month.

[Fatmir @FatmirReads]

@texasrunnerDFW The survey is not calling a recession. It is people saying the paycheck does not last the month.

[Fatmir @FatmirReads]

@KobeissiLetter Paychecks are not covering the month anymore.
More people are finishing it on the card.

[Fatmir @FatmirReads]

@jonbrooks The house still gets shown. The file dies later, when the lender runs the payment against the paycheck.

[Fatmir @FatmirReads]

@Leonajardinho The portal already saved them the mailroom. The $3.50 is just because most people will click pay anyway.