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Yeah ill believe it when I see it. When eggs double in price in 2 weeks, its hard to believe houses are going to decrease in price over 18 months. Maybe in rea
by DontchaKnowit 4y ago
Yeah ill believe it when I see it. When eggs double in price in 2 weeks, its hard to believe houses are going to decrease in price over 18 months.
Maybe in real terms when accounting for inflation but the actual dollar value seems destined to go up in spite of interest rates
- Kon-Peki 4y ago> When eggs double in price in 2 weeks, its hard to believe houses are going to decrease in price over 18 months There’s a global avian flu pandemic going on, the worst ever seen. More than 100 million chickens dead. This has almost nothing to do with fiscal policy.
- DontchaKnowit 4y agounderstood but eggs are unique only in the magnitude of the price increase. Every other product under the sun has seen and is still seeing inflation currently. Why would home prices go down in those conditions? Where I am, it is STILL damn near impossible to get a house bought and that is after enormous increases in interest rates over the last couple years.