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What do market rate pay/salary mean?
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On some job descriptions and such, it say the pay is "market rate"; what is that supposed to mean?
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Ontario’s cottage market ‘very quiet’ despite rate cut, stoking fears of a double-digit price drop : ontario
Main Post: Ontario’s cottage market ‘very quiet’ despite rate cut, stoking fears of a double-digit price drop : ontario
Options other than HYSA/Money Market during interest rate cuts
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Trying to plan ahead on what to do with money I have in a high yield savings account. I use this account as my emergency fund and I’m adding to it to save for any upcoming big expenses. Nothing currently planned but I’m trying to stay low risk since this accounts for about 80% of my liquid net worth. I’m married with 1 kid so I’m looking to continue to stay low risk with this money.
This account has been yielding 4-5% so I’ve felt like it’s been performing well, but I expect the returns to decrease now that the fed is beginning to cut interest rates.
Does anyone have any recommendations or ideas on what to do with money currently in a money market/HYSA now that yields will begin to fall? Looking for something “risk-free” that can I park this money into.
Or is this just going to be the state of the markets now where all of the “risk-free” yields will be lower moving forward?
Top Comment:
If it's an emergency fund I would just leave it where it is. No need to chase yield.
Just what does "competitive market rate" for rents even mean?
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I'm trying to check my blind spots on the definition and popular understanding of competitive market rates.
As I understand it, landlords look around and see what the going rate is for rents and offer similar within a +/- margin.
But this goes to the heart of that supply and demand argument where the answer always comes back "more supply is needed".
If there's only so much product and so many people want it, demand for it is higher and until there's supply and choice, the bargaining power to offer rents at certain price points remains in the hands of landlords.
I've seen a lot of landlords offer "competitive market" rents for 1,600 bachelor suites. I've seen petitions to lower rents get met with "It's competitive market, if you don't like it, move elsewhere."
In my mind this is a bullshit rationale that's brutally unfair and contributes to the housing crisis.
Do landlords really need a 30/40/50 percent margin on their properties?
Never mind that supply will be continually chasing demand even with the flawed demand data sources (investor data is scarce and pretty opaque) and those good sources are absolutely telling us we don't have a workforce able to meet the rate of new homes needed while adding two-hundred thousand plus new households each year.
https://financialpost.com/real-estate/construction-worker-shortage-hits-housing-affordability-cmhc
If we use the logic of supply and demand we need massive investor restrictions and workforce development to make a dent.
Please let me know if there's other conceptions of "competitive market" pricing or rates because as I'm seeing it, the practice of “competitive market” pricing was called barbaric and mean-spirited when it was used for hand sanitizer and toilet paper at the start of the pandemic. But this is shelter. Shelter is as needed as oxygen and water.
Hoarding a finite supply of something that's not wanted but needed to sell at significant profit month over month is profiteering off of crisis.
If we use the logic of supply and demand we need massive investor restrictions and workforce development to make a dent.
Top Comment: The market price is whatever the market will bear. If 40 people want to buy a Honda Civic and the dealership only has 1 - the price will be what the market of 40 people (more precisely the 1 buyer) can/will bear. Rentals are slightly "different" in that regulations will cap the market price (i.e. regulated rental increases) - albeit that goes out the door when the tenant moves out, at which point, you are back to what the market will bear. Market prices can work against you and they can work for you - I'm sure you wouldn't complain when they work for you (i.e. you're the only, let's say specific type of surgeon - your price/salary goes UP). Like most things in life, you can't have it both ways.
Bank rate now expected to peak out at 5.5%. Have markets priced this in already?
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Sushil Wadhwani, a former member of the MPC who is now on Chancellor Jeremy Hunt's Economic Advisory Council, said markets have indicated interest rates could peak around 5.5%
This already priced in? I thought mortgage rates would have to be 1.5% higher than base rate? How bad is this gonna get?
Source - https://www.bbc.co.uk/news/business-65696265
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How's Fed rates going down going to affect stock market?
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Usually Fed rates going down is a bullish signal for stock market. However QQQ is already pretty high, so I wonder what do you guys think about this. Thanks for sharing!
Top Comment:
It can either go up or down
Rate the episode: Markets (S1E20)
Main Post:
"When Bluey visits the markets with five dollars from the tooth fairy, the options for her are endless. But as she and Indy scour the market stalls for the perfect purchase, spending it proves hard." ***
What do you think about this episode? How does it compares against other episodes? Rate it here and post a comment about your thoughts.
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- The 1 to 5 rating range is relative to the entire Bluey series. If you have some episodes you liked the least out of all episodes, rate it 1 even if you still like the episode.
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Top Comment: Well, that tooth fairy's doing well for herself, isn't she?
Fed Rate Cuts Coming: The Impact On Stocks And Bonds
Main Post: Fed Rate Cuts Coming: The Impact On Stocks And Bonds
Top Comment: This is not correct. Rate hikes have a direct impact on liquidity in the economy as they provide the baseline for banks and lenders to provide credit, which fuels investment and consumption. If I’m a lender and I can either hold super safe treasury bonds or lend money to another bank at the overnight rate (which is what is impacted by rate hikes), I’m going to charge higher risk borrowers more to borrow, reducing quantity borrowed and invested/spent. That eliminates point 1. Point 3 is incorrect due to refinancing and the opposite of point 1. If I’m a lender and super safe bonds/overnight lending yields aren’t going to cut it for me anymore, I’m going to hunt for riskier borrowers willing to pay me higher returns, increasing liquidity in the economy. This is all also ignoring the inverse relationship between rates and asset prices. When rates fall, it increases asset positive price pressure.