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It'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
by hylaride 3y ago
It'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.