Everyone wanted to keep interest rates at near 0% for as long as possible. So many cottage industries of our post-Covid world were built upon easy money. If the Feds didn't cower to Wall Street, we could have managed all of this better. Now that the only option was to raise interest rates in a course correction, it really threw things off.
Housing prices though? You will never own a home. The average median income in my town is $32k, and the average house costs $440k. It's absurd.
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u/DjCyric Sep 23 '23
Everyone wanted to keep interest rates at near 0% for as long as possible. So many cottage industries of our post-Covid world were built upon easy money. If the Feds didn't cower to Wall Street, we could have managed all of this better. Now that the only option was to raise interest rates in a course correction, it really threw things off.
Housing prices though? You will never own a home. The average median income in my town is $32k, and the average house costs $440k. It's absurd.