Re:Our Broken Economy, in One Simple Chart
by api on Tuesday August 08, 2017 @01:18PM
(#14960043)
Of the factors I mentioned housing is the worst. I recently heard someone call real estate the "great Satan" of the economy.
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Re:Our Broken Economy, in One Simple Chart
by sokoloff on Tuesday August 08, 2017 @01:49PM
(#14960449)
Someone made an insightful comment on HN a couple weeks ago: "housing cannot be both affordable and a good investment." ( https://news.ycombinator.com/item?id=14857591 ;) )
With interest rates as low as they are currently, housing prices are correspondingly inflated (via increased purchasing power for a given/fixed monthly payment). That's pushing us towards the "good historical investment" side of the pendulum, but if interest rates were to return to the 1980s' double-digit figures, it would swing back towards affordable.