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I look at rent to gauge the real cost of living somewhere, cause that takes land speculation out of the equation. It seems like house prices in expensive areas
by hot_gril 4y ago
I look at rent to gauge the real cost of living somewhere, cause that takes land speculation out of the equation. It seems like house prices in expensive areas have been rising way more quickly than rent.
So yes, I expect this rate hike to cause a big dump in house prices. In a few months or so I'll be right or wrong.
- paulpauper 4y agoSo yes, I expect this rate hike to cause a big dump in house prices. In a few months or so I'll be right or wrong. But it's also possible that it's priced in. It's been expected for the past 6 months the fed would raise rates a lot.
- hot_gril 4y agoCould be. There's a recent dip in median Sunnyvale home prices that might be this, but I wasn't following the news enough to tell how closely the Fed decision aligned with expectations.