A 50 year mortgage..

[AKIron]

If we don't stop spending the future and start paying down our debt hyper inflation is inevitable.

[Eagler]

High interest rates drive up payments and put that money in the banks.

which forces lower prices..or would if ever given the chance..

Eagler

[AKIron]

It's not like there's a lot of houses sitting around empty, waiting for a buyer. People aren't going to sell for less than they paid and developers aren't going to develop if they can't make a profit.

[CptTrips]

People aren't going to sell for less than they paid

That's like saying no one will ever lose money in the stock market because they just won't sell their stock for less than they paid for it.

We'll see.

[AKIron]

I don't want to make this political but after Russia went communist Stalin felt obligated to provide housing and did. Often multiple families to an apartment. This is what some are asking for here though they imagine they'll get a big house with a pool to themselves.

[AKIron]

That's like saying no one will ever lose money in the stock market because they just won't sell their stock for less than they paid for it.

We'll see.

There is a big difference between stocks and your home. Stocks serve no purpose other than to secure and advance your dough. You need a home to bake your dough.

[Meatwad]

It's not like there's a lot of houses sitting around empty, waiting for a buyer. People aren't going to sell for less than they paid and developers aren't going to develop if they can't make a profit.

The ones that are you have to worry if a squatter will invade it then accidentally burn it down when they set a fire inside the garage to keep warm, or the drug addicts breaking in stealing the copper

[Shuffler]

It's not like there's a lot of houses sitting around empty, waiting for a buyer. People aren't going to sell for less than they paid and developers aren't going to develop if they can't make a profit.

They are building houses as fast as they can here in Texas.

[AKIron]

They are building houses as fast as they can here in Texas.

I live in Texas. Texoma area. This area is growing fast but a lot of the single family developments only recently restarted after sitting dormant for a couple of years.

[Captain Virgil Hilts]

which forces lower prices..or would if ever given the chance..

Eagler

False. We had three years of insane interest rates, and still the price of houses went up.

High interest rates keep actual buyers out of the market, and bring speculators in. To the point where speculators make offers on houses not even on the market.

High interest rates merely punish the general public, making houses unaffordable, and killing employment by stunting markets.

Seriously, a central bank artificially altering interest rates is just more government interference in the economy.

If you seriously want the economy to have an actual reset, and be corrected, you want the government OUT of the market.