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Cake day: June 11th, 2023

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  • Earlier this month the government changed one of its rules on mortgage payments, allowing first-time buyers or people purchasing a newly-built home to take loans with 30-year amortizations, instead of 25 years.

    Although the move is intended to lower monthly payments and make home ownership affordable to more people, critics say it may have opposite effect by boosting demand and raising prices.

    It’s hard to see how this won’t increase prices and costs for buyers. It clearly benefits lenders, but everyone else will pay more.












  • Chinese companies stealing American technologies could lead to the former being able to produce something for cheap, which, … will allow an everyday person to have a better bargain.

    While the company that originally created the product will collapse, putting people out of work and weakening the American economy.

    That’s basically what the globalization movement from the 1980s and 90s was. Jobs may move overseas, but think of the cheap shit you can buy!The hollowing out of Western economies has led to the political moment we’re in now.