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I’m reminded of this tweet from Morgan Housel a few days ago: https://twitter.com/morganhousel/status/997461370584133632?s=21 https://twitter.com/morganhousel/s
by rufius 8y ago
I’m reminded of this tweet from Morgan Housel a few days ago: https://twitter.com/morganhousel/status/997461370584133632?s=21 https://twitter.com/morganhousel/status/997461370584133632?s...
“Mortgage rates are rising, which pushes home prices down.
But rates are rising because the economy is growing, which pushes home prices up.
Rising home prices pushes buyers away, which lowers prices.
Lower prices will slow growth and cause rates to fall.
I hate the economy.”