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A few thousand of covid money isn't going to buy you a a house. Low interest rates have a lot more to do with it than covid money: 1% to 2% lower interest rates
by ineedasername 5y ago
A few thousand of covid money isn't going to buy you a a house. Low interest rates have a lot more to do with it than covid money: 1% to 2% lower interest rates mean buyers can afford to pay more for a house, they're in demand, and supply is low relative to demand.
- ineedasername 5y agoFor example, compare to the ore-bible burst in 2007, a $300,000 loan with prevailing interest rates at the time would have a roughly 40% or 50% more in monthly payment in 2007 than right now.