3 ms·
Why would the expectation be that it helps affordability? On an individual basis, having access to more money means you may be able to afford a home that would
by trts 5y ago
Why would the expectation be that it helps affordability? On an individual basis, having access to more money means you may be able to afford a home that would not have been within your means.
In aggregate, everyone having more access to more money means inflation.
Access to more money for a specific good or service means inflation concentrated in that category. See: college tuition and home prices in the U.S.
- nicoburns 5y ago> Access to more money for a specific good or service means inflation concentrated in that category. See: college tuition and home prices in the U.S. 100x this. Financial policy giving everyone access to cheap mortgages has got to be one of the stupidest things governments have done in the last 30 years.