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I think that's true too. Home prices should work like bonds. However it will likely keep going and then crash more than fizzle. As long as the interest rate
by IanDrake 4y ago
I think that's true too. Home prices should work like bonds.
However it will likely keep going and then crash more than fizzle.
As long as the interest rate is below the rate of inflation, you'll make money by borrowing money and trading that money for something pegged to inflation, like a house.
This will work in the short term, and so I think people will keep buying.