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Reply to "Why don’t people understand that low rates work against them?"
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[quote=Anonymous]In 1971 mortgage rates were about 7.5%. In 1981, mortgage rates were 16.5%. Over that time, house prices went up like 150% nominally. I'm not going say this predicts anything, just saying it is a data point that helps us understand there's more to nominal house price changes than interest rates.[/quote]
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