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Not sure how its a different issue. Wouldn't a recession have made the home prices affordable. Your point is what? Biden somehow predicted the future and claim

• dwaite 4y ago
  > Not sure how its a different issue. Wouldn't a recession have made the home prices affordable Hypothetically, once people are absolutely forced to sell or are foreclosed on. Any current slow or drop in home prices has mostly been because interest rates have driven monthly mortgage payments too high and reduced the pool of buyers. Otherwise inflation would be driving home prices up too.
• Arainach 4y ago
  No, that's never guaranteed. Housing is a speculative asset with consistent demand from both investors and residents. A recession may slow the growth of prices, but there's no guarantee they would drop.
• syzarian 4y ago
  The issue at hand (that I originally brought up) is that a lot of people claimed Biden was wrong to say we are not in a recession. Those people are wrong. I said as much in my original post.
  • dangwhy 4y ago
    Not sure i understand your logic. How can you take something from today and go back and apply to something that was said months ago. Those ppl were not wrong when the statement was made.
    • syzarian 4y ago
      We weren’t in a recession then and aren’t in one now. At any rate, your responses were a sidestepping of the issue I brought up and when pointed out to you your response wasn’t to acknowledge this.
      • dangwhy 4y ago
        Ah got it. Yes I acknowledge that my response wasn't related to your comment.