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I disagree. They don't need to go up. Money will keep exchanging hands, which is all that's needed for a living economy, despite what interest rates are. Housi
by xyzzy4 11y ago
I disagree. They don't need to go up. Money will keep exchanging hands, which is all that's needed for a living economy, despite what interest rates are.
Housing prices will always inflate to the level where people can barely pay them, but will pay because they have to.
- eru 11y ago> Housing prices will always inflate to the level where people can barely pay them, but will pay because they have to. That's the case for a limited supply of housing. If not for political problems (read NIMBYs), we could build a lot of housing. The sky's the limit. In any case, higher interest rates would make these levels go down.