Monday, August 2, 2021
Rising Interest Rates and Housing
At some point, reality will start driving up interest rates. While Californians coming in will be paying a million dollars cash so interest rates won't matter, there are still people so vulgar as to take put mortgages. Rising interest rates should reduce prices in areas not targets for Californians but with little effect on prices in places like this.
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With so much of the economy, public and private, fueled by debt, how can interest rates rise by a significant amount without causing a recession?
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