Reply to How are Millennials affording new $1.5+million home in MD, DC and VA?

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Reply to "How are Millennials affording new $1.5+million home in MD, DC and VA?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]what does that have to do with 2008 TARP?

and no I don't want to waste time talking with you.  [/quote]

2008 TARP was paid back b/c Fed propped up and purchased garbage MBS, which gave banks the capital to pay back the govt.  I guess you are a young millennial?

Which kept PPs NYC Manhattan lifestyle in the black.

[/quote]

what does 2019 Fed doing QE in the current global macro environment have to do with 2008 TARP?

you have no clue who I am, but I can guarantee you i know what I'm talking about and I can guarantee everyone here that you do not. but you sure are consumed with hate from 2008. take a pill or something. [/quote]

Whatever. Fed isn’t doing QE in 2019, it was attempting QT. I’m sure you know that, but whatever.

It was exciting QT to unwind it’s 1.5T position in MBS and bonds it accumulated bailing out the banks.

My point was that NYC business IS finance, everything comes from that including PPs success from ‘hard work’.

I’m not consumed with hatred from 2008, I understand why it was done.

I do hate the “people born on third to base and go through life thinking they hit a triple” crowd, which I’m pretty sure Manhattan PP would be.  But they are welcome to chime in their rags to riches of trading stocks at Ohio Community College or what not. I would be truly curious and would happily recant my story — maybe they were doctors (but I doubt it b/c NYC doctors make squat generally). [/quote]

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