On: Priced out of home ownership

[munksbeer]

> Higher interest rates just mask the problem and hand more money to rich people for no effort.

What higher interest rates? We're nowhere near high interest rates.

[fragmede → munksbeer]

The almost 7% that the US is currently at, vs the < 3% it was at back in 2021, 2.3x as much. It's true 7% isn't high compared to a peak of 18.5% in 1981, but neilwilson said higher, not high.

[hot_gril → munksbeer]

Yeah, our current "high interest rates" are still artificially lowered by the Fed.