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A comment on US Federal Reserve says its goal is ‘to get wages down’. Parent comment

Re:US Federal Reserve says its goal is ‘to get wages down’ by hamandcheese on Saturday May 28, 2022 @05:12PM (#31543910)
> homeowners

401k/retirees, yes. Homeowners, no. As long as people can afford their mortgages (i.e. employment stays high) I couldn’t care less.

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Re:US Federal Reserve says its goal is ‘to get wages down’ by chrisco255 on Saturday May 28, 2022 @06:38PM (#31544478)
If interest rates go high enough to stop inflation, house prices will fall to probably half what they are now. We are already at peak all-time high unaffordability (in terms of income to price ratio) in terms of house prices as a result of this bubble. A lot of people will end up underwater. And maintaining high employment is no guarantee.
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