Re:Why has regional income convergence in the U.S. declined?...
by nemo44x on Wednesday July 26, 2017 @12:45PM
(#14857824)
Interest rates were also very high in the 70's and early 80's.
If we could get housing interest rates up to 8% you'd see a large decline in housing prices. If it got up to 1970's and 1980's rates it would be around 17%. This would dramatically reduce the price of a typical house and become a darling market for people who have can pay in cash.
If we could get housing interest rates up to 8% you'd see a large decline in housing prices. If it got up to 1970's and 1980's rates it would be around 17%. This would dramatically reduce the price of a typical house and become a darling market for people who have can pay in cash.