r/wallstreetbets 1d ago

Discussion 5 rate cuts ๐Ÿ˜ฎ

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u/Cropitalist 1d ago

I donโ€™t own any vehicles made by companies who have tariffs, why start now? So yes, still gonna go with saving many many 10โ€™s of thousands on a mortgage than like $80 a year on a phone.

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u/superhappykid 1d ago

Ok dude, tell me how you go when you have no job when the economy slows down.

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u/Cropitalist 1d ago

Iโ€™m not sure why no one wants a better rate on a mortgage lol. Everyone is too short sighted. Probably not the best to have a long term financial stance on a gambling subreddit.

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u/StarGaurdianBard 1d ago

Iโ€™m not sure why no one wants a better rate on a mortgage lol. Everyone is too short sighted

The irony in how contradictory this statement is. It's short sighted to want a rate cut on a mortgage when it comes with inflation skyrocketing. Mortgage rates can be cut in a couple years when the market is fully stabilized and it'll cost you a couple thousand dollars. Inflation on the other hand is permanent and will cost you hundreds of thousands of dollars throughout your life.

For example, your car that you claim is all American isn't. It has parts made outside of the country. It has raw resources from outside the country. There isn't a single car company in the US that gets all of its metal, parts, chips, etc made in the US.