‘What’s the f—ing point’: With mortgage rates above 7%, home buyers are
still getting outbid by all-cash offers
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In spite of mortgage rates exceeding 7%, prospective home buyers face
intense bidding wars over a small pool of homes listed for sale.
14 minutes ago
"I see this as the inflection decade. Developed economies still make up 70 percent of the world's GDP but by 2020 they will account for less than 50 percent," he said. "After 2020 the chronic problems of the developed economies will have much less serious implications for the global economy. By 2025 Asia's GDP will be larger than that of the US and EU combined but the global impact of any turmoil will be less."
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