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Originally Posted by Normal
All this building etc. is slowly coming down. The cost of homes is too high. Some think the interest rates just need to change, that is the small piece of the larger problem. People know that interest rates don’t make property taxes, insurance rates, maintenance and repair costs any cheaper! Once we get to where pricing should be, then your perceived explosion will really happen. What you see right now is just a residual effect in development. It will all go away.
Just think of all this as a big ship slowly trying to turn.
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Interest rates should hold right where they are simply because of the ongoing inflation. Prices will not decrease if money is cheap to borrow. The new proposed, apparently, rates of SS benefits for 2026 aren't going to help much with the rising costs. Most realize that those increases are not for covering all costs but when they hardly make a ding many seniors are struggling. When SS benefits are based on earnings back twenty years ago, the earnings, savings and retirement benefits then were much lower and some retirement benefits are gone.