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Those low rates have probably also propped up the the value of your house. Look at the ratio of the median house price to income over time, and you will be les
by rwj 11y ago
Those low rates have probably also propped up the the value of your house. Look at the ratio of the median house price to income over time, and you will be less convinced that low interest rates have been helpful.
- forgetsusername 11y ago>you will be less convinced that low interest rates have been helpful. So the fact that I'm paying less interest AND the value of the asset has increased isn't helpful? Again, I'm not making the argument that low rates are "good"; I'm saying they're good for me.