Sardonic Smile @[email protected]
I spent all this time trying to be one of you and now I realize... I'm not.
Joined Sep 2022
Sardonic Smile
boosted
Here is an example. Say that the fed holds off for 3 months to dump the rate. Well, then prices are back to pandemic levels, but credit card debt is as at record levels [1]. This impacts credit score and then how much your monthly cost is. So normal people aren't going to be buying houses.
The zero interest *might* let investors get cheap loans where they can then buy these newly "cheap" houses, but that again is going to be just re-inflating speculation and not creating real growth.
[1]: marketwatch.com/story/its-been-really-scary-americans-are-racking-up-record-credit-card-debt-should-we-be-worried-976886ce
The zero interest *might* let investors get cheap loans where they can then buy these newly "cheap" houses, but that again is going to be just re-inflating speculation and not creating real growth.
[1]: marketwatch.com/story/its-been-really-scary-americans-are-racking-up-record-credit-card-debt-should-we-be-worried-976886ce
Sardonic Smile
boosted
DO NOT COMPLY
This will spread to the rest of the US.
I spent all this time trying to be one of you and now I realize... I'm not.
Joined Sep 2022
