this post was submitted on 13 Sep 2023
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[–] Grayox@lemmy.ml -5 points 1 year ago* (last edited 1 year ago) (1 children)

You must be a few crayons short of a full box, you just admitted prices are decreasing, yet folks who buy a house today will effectively pay almost double on their monthly mortgage rate because of the increasing interest rates, which have nothing to do with housing demand and everything to do with fighting inflation, which was caused by keeping the rates at effectively zero to prop up Obama's bull economy that 45 ran into the ground.

[–] BB69@lemmy.world 4 points 1 year ago (1 children)

A few thousand dollars of decrease doesn’t offset the doubling of prices that happened during Covid. You should consider asking for specifics instead of trying to do a witty insult.

Rates weren’t effectively zero prior to Covid. They were too low, yes, and should have been higher, but the bottom fell out during Covid.

[–] Grayox@lemmy.ml -4 points 1 year ago* (last edited 1 year ago) (1 children)

pretty damn close to zero for a decade precovid my guy ...

[–] AlDente@sh.itjust.works 0 points 1 year ago

Lol, does that look like the norm in the graph you posted?