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Terbatron t1_jad35sz wrote

Reply to comment by BossKitten99 in The Fed is yet to catch up to the Taylor Rule estimate by Surlax

People can’t afford homes, the housing market needs to crash.

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BossKitten99 t1_jaddw72 wrote

I agree, but lets face it, people are still paying these ridiculous prices, both in sales of homes and rent. I really feel bad for the renters getting waxed. Perhaps that is why so many are desperate to purchase a home in order to at least “keep” the money they pay each month

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Rough-Grape188 t1_jado3vx wrote

Fixing the real estate market will not fix the value of the USD. Still have to pay high energy costs, utilities, and insurance.

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Random-Redditor111 t1_jae8gyw wrote

They don’t care about the people buying homes silly. They care about current homeowners having their home values rise to infinity.

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BossKitten99 t1_jaed27e wrote

They only rise to infinity as long as demand is infinite. Jacking interest rates are to limit that demand. Too high, too quick and that demand dies . Home prices are not what they were in the 80s

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BestAhead t1_jaejjf8 wrote

There is a shortage of homes. Isn’t it arguable that those who can afford them should have the homes?

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