5 ms·
> value of your house dropping by 50% in a year would not be very surprising? That's crazy, does that happen often in the U.S.?
by posix_me_less 8y ago
> value of your house dropping by 50% in a year would not be very surprising?
That's crazy, does that happen often in the U.S.?
- nonbel 8y agoNot often. Actually there is an interesting distinction here between frequency and probability... but anyway there has recently been a ZIRP induced bubble (~2008-2016), which leads to high prices of various assets in a trickle down way: https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/FEDFUNDS