Quote:
Originally Posted by tophcfa
By all reasonable measures interest rates really aren’t high. Interest rates are supposed to be set so responsible savers and investors can earn a real rate of return above inflation. Since the housing market crash of 2007/08, the Federal Reserve long time irresponsible monitory policy of artificially low interest rates created a society dangerously addicted to unsustainable debt. Current interest rates are around long term averages if the period of artificially low rates are excluded. Housing values should adjust to reflect the Federal Reserve returning to doing their job responsibly.
|
Maybe you recall supply and demand ? When American oil drilling was restricted , oil prices shot up from $30 a barrel to $130 a barrel overnight.
Tell that to the people priced out of buying a home . 60 % of Americans can’t afford to purchase a home . The huge massive amount of national debt ,
printing of money and shutting off the spigot of American 🇺🇸 oil is driving inflation and interest rates higher . .