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A comment on Maybe Treating Housing as an Investment Was a Colossal Mistake. Parent comment

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by staringback on Monday March 06, 2023 @01:49PM (#35045717)
You can't mention home prices without the interest rate as well.

1999 interest rate: 4.74% 2022 interest rate: 0.08%

Source: https://www.statista.com/statistics/187616/effective-rate-of...

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by NDizzle on Monday March 06, 2023 @02:41PM (#35046521)
"2022 interest rate: 0.08%" that's not true for 2022 as a whole. Did you mean 2021?!
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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by 93po on Monday March 06, 2023 @03:33PM (#35047173)
Mortgage rates were around 8% in 1999. They're about 6% now. But it's also a moot point because it doesn't make housing any more affordable when the offset is higher house prices.
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