{"id":72304,"date":"2022-04-16T02:15:11","date_gmt":"2022-04-16T09:15:11","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=72304"},"modified":"2022-04-18T16:33:01","modified_gmt":"2022-04-18T23:33:01","slug":"black-coffee-16-apr-2022","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id72304-black-coffee-16-apr-2022.html","title":{"rendered":"Black Coffee: From Soup to Nuts"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe<\/em> …<\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

Well … another busy week is behind us. So with that in mind, let’s get this party started …<\/p>\n

You have to run as fast as you can just to stay where you are. If you want to get anywhere, you’ll have to run much faster.<\/em><\/p><\/blockquote>\n

– Lewis Carroll<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? The 30-year fixed mortgage rate has jumped almost 2% this year. In fact, 30 year mortgages are now 5.25%, which is the highest rate<\/a> since 2009. Not coincidentally, housing affordability is at its lowest point since 2007 – which was the year before the housing bubble imploded. Imagine that.<\/p>\n

\"\"<\/a><\/p>\n

Credit:<\/strong><\/span> Perhaps not coincidentally, Redfin reports that home sellers are now lowering their asking prices. In fact, approximately 12% of all US home sales saw a price drop during the four weeks ending April 3 – for those of you counting at home, that’s a 9% increase compared to the same period a year ago; as a result, the rate of sellers rushing to drop their asking prices<\/a> is accelerating. In fact, one intrepid citizen was able to document the first panicked throng of stampeding house flippers rushing to put their<\/strong><\/em> latest investments up for sale in an attempt to avoid becoming one of the housing bubble’s biggest bag holders:<\/p>\n