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Real Estate
Reply to "Does anybody have a grip on the housing market?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I wonder, if interest rates never surged up last year, what would have happened to prices? I think, without the surge, the prices would have shortly reached their natural peak, and things would be much better than they are now. [/quote] The issue is that the prices are too high now. The Fed should have raised interest rates in early 2021 to curb prices. They claimed that inflation was transitory so they ignored it. Well you know what else can be transitory? Interest rates. [/quote] Ok, yeah I agree, interest rates should have been raised earlier, doing so too late has been a disaster, with ramification for many years to come; now we have high prices and high interest rates--but if rates ever go down, prices will just go up even higher. No one wins[/quote]
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