Stop Renting! Buy A House!
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@jvolstad Since 1993, home prices went up every year for 15 years. During this time, rates went up & rates went down, yet home prices only increased. So, I disagree with your statement of home values going down when rates go up (assuming we are in a normal/stable economic growth/employment pattern). I completely agree with your statement of the Fed printing money & rising inflation. Our economy will not improve w/o housing leading the way, & low rates are propping up our housing market today.
agagliano 1 year ago
Low interest rates good? What happens when interest rates go up? The value of houses goes down. And make no mistake. These interest rates are not normal. With the Fed printing as much money as they are, we will have inflation in the future.
jvolstad 1 year ago