Quote:
Originally Posted by lozen
Do you realize what a few percentage points does to debt especially mortgages. To many folks live paycheck to paycheck as it is.
What gets me is you can promise lower cost housing but you can not reduce costs.
I thin a better strategy is subsidized rents for lower income individuals. I never knew it was someone's right to own a home. Some financial experts say renting can be a better financial option
Quote:
Originally Posted by Monteroy
Hiking up interest rates a ton might have a few other consequences than cooling off home prices.
Right but that is my point.
Houses prices are high because of the low interest rates (cheap money), not because they are worth that, its a bubble.
increasing houses supply in the hope of reducing house prices to support an house bubble is nonsense.
its US 2005-2008...
unless like i said, government aim massive inflation to pay down debts through inflation in every sector of society.
But if that is the plan, fine but they should say so so that people can prepare...