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Interest rates were also very high in the 70's and early 80's. If we could get housing interest rates up to 8% you'd see a large decline in housing prices. If
by nemo44x 9y ago
Interest rates were also very high in the 70's and early 80's.
If we could get housing interest rates up to 8% you'd see a large decline in housing prices. If it got up to 1970's and 1980's rates it would be around 17%. This would dramatically reduce the price of a typical house and become a darling market for people who have can pay in cash.
- icantdrive55 9y agoYea, but the 1% er's, and REIT's would just have more no brainer deals/units to add to the portfolio. Personally, I would like to see changes on whom can buy real estate. 1. Disavow all foreign ownership of residential/commercial land. (This I don't get at all.) 2. Get rid of REIT's 3. Put a cap on the member of units(homes, buildings) a entity can own. We might prevent another Trump dynasty? Personally, I don't like looking at a home as a investment.