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Interest rates. The reversal of quantitative easing. Both have been propping up asset bubbles across the US (including, you guessed it: tech investment) -- whic
by timr 9y ago
Interest rates. The reversal of quantitative easing. Both have been propping up asset bubbles across the US (including, you guessed it: tech investment) -- which are now beginning to slowly deflate.
- weeksie 9y agoI think that's a fine point! Interest rates going up is def going to cool off investment. However, there can be more than one cause for an economic effect. Seattle had very low inventory and I'd be surprised if hundreds of new units coming online didn't put downward pressure on prices. But yeah, I haven't done the digging to attempt to quantify that effect. My second point remains, however. Building more housing does not inflate prices. (and yes, I know it's not quite as simple as econ 101 supply and demand, but)