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Debate House Prices
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Robert Shiller on Why Home Prices Could Fall for Several Decades
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PS - what's to say low interest rates are the new norm, long - term and in any event when they go up to say 5%, it is likely the economy is improving. Dont recall swathes of repos when rates were 5 or 7%, do you?0
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Darthvader wrote: »people were not borrowing so much as now with inflated prices
Wrong again.
In 2006/7 when we had typical mortgage retail rates of about 7%, repos were low.
When rates rise we will be better off economically so this is a non - topic.0
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