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A comment on Unemployment Is High. Why Are Businesses Struggling to Hire?. Parent comment

Re:Unemployment Is High. Why Are Businesses Struggling to Hire? by ihyfhgyfhth on Tuesday April 20, 2021 @11:22AM (#26875872)
12% of US detached housing is vacant. Property is being held by speculators who are betting that interest rates will fall and increase the value of property. No amount of supply will meet the demand of an asset class that increases in value by 6% a month.
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Re:Unemployment Is High. Why Are Businesses Struggling to Hire? by slowhand09 on Tuesday April 20, 2021 @11:44AM (#26876171)
Interest rates are at historic lows. The Fed rate going negative has been discussed in months gone by. Lender money to borrow is a little tougher as with rates so low they may keep it in equities, or buy GME or Bitcoin where they have higher upside potential.
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Re:Unemployment Is High. Why Are Businesses Struggling to Hire? by ihyfhgyfhth on Tuesday April 20, 2021 @11:52AM (#26876303)
Buying GME to offset losses in real estate is the most 2021 thing I've heard. I don't know if I should laugh or cry.

The only thing I have to say is that I would expect the government to push more federally backed mortgage loans at their preferred interest rates if they sense a slowdown in private lending. Heaven forbid markets correct themselves.

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Re:Unemployment Is High. Why Are Businesses Struggling to Hire? by thisisnico on Thursday April 22, 2021 @03:59PM (#26907444)
Ah, Sorry, I come from the perspective of Canadians, you should see how insane the Canadian Market is right now.
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Re:Unemployment Is High. Why Are Businesses Struggling to Hire? by LMYahooTFY on Tuesday April 20, 2021 @12:01PM (#26876452)
Do you have a source for this? Trying to dig through census data but can't find this specific metric.
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Re:Unemployment Is High. Why Are Businesses Struggling to Hire? by ihyfhgyfhth on Tuesday April 20, 2021 @01:01PM (#26877334)
Total Housing Estimate - https://fred.stlouisfed.org/series/ETOTALUSQ176N

Vacant Housing Estimate - https://fred.stlouisfed.org/series/EVACANTUSQ176N

So, looks like closer to ~11% as of that data.

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