BlushesandGushes

BlushesandGushes t1_jbxbmzs wrote

You have a fair point. Folks who bought with a 2% mortgage will not have incentive to sell. Historically low interest rates were used to stimulate the economy, then the government prevented evictions which meant that roughly 5% of the housing market that is typically in rotation no longer was; further restricting supply.

At some point foreclosures and evictions will need to return and when that happens you will have several years of pent up inventory hitting the market at likely the same time. It is also possible that this will coincide with the rise of unemployment, which is also at historical lows and at some point will return to a more normal rate.

Despite the fact that there is incentive for some with a 2% mortgage to stay put; life will continue. The elderly will die, people will be promoted and relocated, and empty nesters will downsize. Nothing is permanent, just like the fact that in the 1970s mortgage rates exceeded 10%. BITD the opposite thing was being said and folks were saying that people will never be able to buy a home because of the insanely high interest rates and the impact that had on the mortgage payment.

People complain about the economy right now. There is reason to do so; but just wait until the unemployment rate rate spikes and finding a job is more difficult. The amount of housing supply will increase, but those who will qualify for a mortgage will decrease and a portion of the population will remember the good old days of high employment, despite the increase in prices.

The key take aways, especially for young people, is that nothing is permanent. Save your money now, and pounce when the economic changes occur. Buy when the inventory returns. When the interest rates eventually fall, refinance. Just because this isnwhatnhas happened during your early adulthood doesn't mean that the world won't continue to find equilibrium to a state that you have yet to experience.

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BlushesandGushes t1_j7gnem8 wrote

Do you have the app Find Me Gluten Free? I highly recommend it. For folks like me who have celiac disease, it helps weed out restaurants that are simply offering items that they think are GF, from those that are really good at allergies and avoid contamination.

That said, some highlights are 110 grill, Ten steakhouse and sushi, India. More casual options include Malted Barley (I know the name sounds like a major red flag, but they are excellent at allergies).

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BlushesandGushes t1_ivq1wct wrote

Reply to Restaurant deals? by bpear

Malted Barley is having a holiday special. If you buy a $50 gift card you get a free $20 gift card. It is a great deal running til xmas

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BlushesandGushes t1_ivlls4s wrote

As a city dweller this is such a huge development! Inexpensive good quality food within walking distance is awesome. Rory grocery store is gorgeous, but expensive as hell. Serendipity is great especially the sandwiches and hot food, but not really too much else.

I love living in the city and will only get in KY car when forced to, so we will see if I can live on just TJ

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