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.