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True, but higher housing prices also impede people who save their money instead of taking on 30 year debt. I would definitely prefer higher interest rates and c
by errantmind 5y ago
True, but higher housing prices also impede people who save their money instead of taking on 30 year debt. I would definitely prefer higher interest rates and cheaper housing for that reason.
- lumost 5y agoagreed, at the margin there are buyers with a virtually unlimited ability to borrow. If interest rates stay low for long enough I'd expect the majority of housing to be owned by hedge funds and investment banks.