4 ms·
tbh the hypernormalization of needing to go in debt and pay interest for a home is extremely scary, regardless of the rate
by losteric 3y ago
tbh the hypernormalization of needing to go in debt and pay interest for a home is extremely scary, regardless of the rate
- hylaride 3y agoIt's been that way for almost a hundred years. It's not so scary when interest rates and values have stayed relatively steady (as they have in most of the post-ww2 era in inflation-adjusted terms). All that seems to have fallen apart around the year 2000 (when interest rates were made lower than they should have been).
- maxerickson 3y agoTo the extent that government tinkering in the lending market ends up making housing more expensive, we should at least treat it as a policy failure.