Add all those things to the equation - debt burdens, incomes, mortgage terms and mortgage rates - you end up with a very different picture.
Here’s data from @resi_analyst who’s worked out the “equivalent” interest rate - eg the actual BURDEN of interest rates over time.
🧵RISING INTEREST RATES ARE A BIGGER DEAL THAN YOU MIGHT THINK🧵
This is important (hence the caps).
I’m a bit worried people are being WAY too complacent about rising interest rates.
They assume that because they’re so low now vs the 1990s, this’ll be a walk in the park.
NO.
**UPDATED NBA NEWS**
Ime Udoka had relationships with not 1 but 2 staff members, one deleted all social media accounts, the other has turned off comments on IG (both married) one was actually married to a senior Vice President in Celtics organization who wanted 1 year suspension.
@mollyhannahm Molly, you’re misunderstanding what RJ is saying. He’s actually not saying “there must be something more to the story for it to be such a long suspension”
He’s literally just saying “It was consensual so it shouldn’t be this long”
https://t.co/PThbVLaTWy
Boston Celtics coach Ime Udoka is likely facing a suspension for the entire 2022-2023 season for his role in a consensual relationship with a female staff member, sources tell ESPN. A formal announcement is expected as soon as today.
Celtics coach Ime Udoka had an improper intimate and consensual relationship with a female member of the team staff, sources tell @TheAthletic@Stadium. It’s been deemed a violation of franchise’s code of conduct.
IMAGINE THAT
Anyway: please get your boosters.
Exposure to BA.4/BA.5 Spike glycoprotein drives pan-Omicron neutralization in vaccine-experienced humans and mice https://t.co/IsCSkJapE7
I have a new peer-reviewed paper (with six coauthors in four disciplines) analyzing how medium, phrasing of search query, and location of search affect the likelihood of encountering election misinformation on Google. https://t.co/jubp3Oj7G9
@TheHoopCentral@Cbrickley603 Maybe some improvement in his form as he seems to be shooting a bit more on the way up (hence using his legs not just his wrists for power). But most likely won’t make a big difference in games; hard to change mechanism substantially in one offseason.
After a pandemic and multiple financial crises, we've finally entered a lengthy period of rising interest rates. But while most are aware of the ominous outcomes this could create, those who know how the Fed actually controls rates will gain an edge in predicting the future... 1/
My grim expectations were pretty much on point.
The Fed wants mass layoffs and they won’t stop pushing for more layoffs until they see inflation fall in the scale and composition of their liking. Welfare costs be damned
Putin has had two decades to build up a militarized police state with countless billions in energy money from Europe. The tipping point will come when those around him decide he is risking their fortunes, families, and skins.
@mjluxmoore “To fight back [only] when you’re threatened? Even a dog has that kind of courage.”
- Briseis (Troy movie)
Self-preservation only, no moral courage at all in Russia.