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This is not a constructive or informed comment. Interest rate policy is not singularly to blame for the housing crisis, just as it wasn't in 2008. The issue i
by mslate 4y ago
This is not a constructive or informed comment.
Interest rate policy is not singularly to blame for the housing crisis, just as it wasn't in 2008.
The issue in 2008 was lack of internal enforcement at banks or by federal regulators of interest rate products.
In the case facing us today it is less to do with Fed policy, more to do with land use policies that have made housing construction literally illegal.
- riku_iki 4y ago> it is less to do with Fed policy How did you quantify "less"? Low Fed rate made mortgage body 60-70% cheaper, hence prices are higher.