Wednesday, June 14, 2017

TKC Fact Check: Another Fed Hike Threatens Kansas City Luxury Real Estate Bubble

Big money condos and lofts are a sign of Kansas City success . . . From the streetcar to those willing to pay thousands every month to live near hobos down by the river . . . A luxury living space is the pinnacle of cowtown achievement. And so this push back from The Fed with more on the way signals a slow summer with "greater fools" probably holding into their money. Take a look:

Fed hikes interest rates by a quarter-point

This is a breaking news story. Check back here for updates . The Federal Reserve was expected to announce a quarter-point rate hike Wednesday. The central bank last hiked its benchmark rate in March. Fed Chair Janet Yellen will deliver a prepared statement and answer questions from the press at 2:30 p.m., ET, in Washington, D.C.

9 Comments:

Anonymous said...

That be raysist against black developers

Anonymous said...

TKC still playing the same song, different verse.

Remember this from a year ago?

http://www.tonyskansascity.com/2016/05/kansas-city-economy-stays-losing.html

Greedo said...

^^^ yeah, seems like a good call now. Obviously, you're still unemployed @3:06 so you would have done well to save your pennies.

Anonymous said...

Higher interest rates won't blunt any "developers" in KCMO.
You forget that they don't have to borrow any money or use any of their own.
They just go to city hall, mention the streetcar, tell Sly and the gang they're all business, development, and financial geniuses, and walk out the door with taxpayer cash.
Where does all that money come from?

Anonymous said...

Hey 3:08, how does Tony's dick taste?

Retro ROCKER said...

The year the the new convention Hotel opens,in K.C.MO.THE ECONOMY WILL TANK TAX PAYERS ON HOOK FOR. tens of millions of dollars.

Anonymous said...

Weez givin' u da financial advize you all deserve. Diz will enzure you have a epic retirement porfolio upon reachin' 60.

Anonymous said...

Rate hikes show the economy is getting better thanks to Trump. The best news is oil fell to 44 dollars a barrel. Keep bringing it down. Fuck those rich oil assholes. It will hit 30 dollars a barrel by end of year.

Anonymous said...

Oh get serious. The "height of Cowtown achievement" is when you can afford to move somewhere nice, which means at least 1,000 miles from here.