Zero Interest Rates Can't Last Forever. Then Where Are We Headed? [View article]
interest rates determine prices of houses since people only look at per month payments. a $100,000 house @ 4% will only have a market price of $50,000 @ 8%. so people buying now can look forward to selling a house 50% under water when the rates double good luck.
Zero Interest Rates Can't Last Forever. Then Where Are We Headed? [View article]