Jun 30, 2022
1:53:50pm
1:53:50pm
Lower interest rates expands capacity to purchase. That expansion is reflected
In increased demand. When demand increases faster than supply, prices increase, yes on not just the end product but materials and labor inputs as well. Rising interest rates constricts demand. When an exogenous entity has the power to artificially hold interest rates low they hold some blame for the resulting inflation of input costs as well as final home costs.
I agree that over buying is another by-product of artificially low rates.
I’m running with the assumption that material supply is not infinite.
I agree that over buying is another by-product of artificially low rates.
I’m running with the assumption that material supply is not infinite.
Originally posted on Jun 30, 2022 at 1:53:50pm
Message modified by Big Daddy D on Jun 30, 2022 at 1:55:29pm
Message modified by Big Daddy D on Jun 30, 2022 at 1:55:49pm
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6/30/22 10:22am
I bought a condo when I was a student at BYU and my rate was 8.25%. In remember calling every day to check the rates and
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Median house size is also double with smaller families. $100k @ 19% is $1600/mo P&I. Adjusted for '75 inflation, $8600
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