3 ms·

Well to be fair the interest rates were halved during the post 9/11 / dot.com bust. Which to many, is the reason the prices didnt fall as buying power increased

• dragonwriter 6y ago
  > Well to be fair the interest rates were halved during the post 9/11 / dot.com bust. There was no “post-9/11 bust”. 9/11 happened toward the end of the 2001 recession (March-November 2001) The post-9/11 expansion had particularly poor distributional characteristics, with, IIRC, the bottom 3 quintiles losing ground, the fourth quintile flat, and virtually all the gains in a narrow slice at the top (not just the top quintile, but the top 5% or so.)