Housing Market Stimulus
Quote:
Originally Posted by RoboVil
The primary driver of inflation over the last 2 fed meetings have been services, not products. Reducing the interest rates decreases costs for companies across the board. It also will stimulate the housing market. With the latest employment numbers it would have been reasonable to cut interest rates by 50 basis points.
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Stimulating the housing Market? If anything homes are way overpriced. That investment opportunity left a long time ago. Wages aren’t catching up to affordability anytime soon. Many made a killing on real estate, but like every market there has to be a cool down time. Give it a couple, maybe even a few years.
Most of us still remember the sting of the last market crash caused by bundling and Fannie/Freddie letting people slide into the market with poor credit. It obliterated real estate.
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