Obama Forgives Student Debt Of 400,000 Americans

Re:Obama Forgives Student Debt Of 400,000 Americans by toomuchtodo on Wednesday April 13, 2016 @01:07PM (#11490073)

Also, stop subsidizing low interest rates and the mortgage interest tax deduction. These are further distortions in the housing market.

[ Parent | on HN ]

Re:Obama Forgives Student Debt Of 400,000 Americans by jazzyk on Wednesday April 13, 2016 @01:55PM (#11490536)

Absolutely.

Many of my friends look at me as if I just lost my mind - "but, but... low interest rates are good for everybody, right?".

It is an uphill battle, but I keep at it :-)

[ Parent | on HN ]

Re:Obama Forgives Student Debt Of 400,000 Americans by tcbawo on Wednesday April 13, 2016 @07:27PM (#11493204)

By low interest rates, do you mean Federal Funds, or the bond market?

My impression is that mortgage rates tend to track the 10 year bond rate, given most people refi/sell before then. These and long term rates have been on a multi-decade decline. I'm not sure how much influence recent policy has had.

[ Parent | on HN ]

Re:Obama Forgives Student Debt Of 400,000 Americans by toomuchtodo on Wednesday April 13, 2016 @10:14PM (#11493888)

Federal GSEs (Fannie, Freddie, FHA) and the Federal Reserve's QE activities (artificially propping up housing).

[ Parent | on HN ]