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Realistically, the only real power they have to decrease house prices is to massively increase interest rates. Unless you've saved enough to buy a house outrig
by FlyingAvatar 4y ago
Realistically, the only real power they have to decrease house prices is to massively increase interest rates.
Unless you've saved enough to buy a house outright, you'll probably end up paying in interest what you would have paid in principle. Whether it ends up being better or worse for the average buyer remains to be seen.
- RhysU 4y ago> you'll probably end up paying in interest what you would have paid in principle Is that a better outcome from a mortgage interest deduction perspective?