Re:The Fed now owns nearly 1/3 of all U.S. mortgages
by rayiner on Wednesday September 09, 2020 @10:57AM
(#24421711)
I mean this is an excellent point. There was a reason they built semiconductor facilities where Silicon Valley now is, and why all the housing is so drab. It was not a highly desirable place to live back then. At today’s prices, my parents couldn’t have afforded to live in the drab DC suburb where I grew up. But there were almost no jobs paying six figures in the area back then, nothing like today.
[ Parent
| on HN ]
There are no comments on this comment yet.