There has been a bull market in the bond market for the last 20 years. As a saver do I like it? Absolutely not. Can we say for sure that the bull market in bonds over the last 20 years has been artificial? Perhaps it has to with currency manipulations and globalization who knows. You can drive yourself crazy trying to understand interest rates.
If the affordability of a house depends on “ultra low interest rates” and the market actually offers “ultra low interest rates” then I would say the house is affordable at least for today.
“So if you want to say homes are a good deal, or affordable or whatever, you have got to get out of the state and look around.”
This argument works both ways. Sure you can find cheaper places but there are plenty of places that offer less (IMHO) that are even more expensive. Have you even looked at prices on the east coast? I lived there for 5 years. All I can say is overrated. I lived in the midwest for 20 years. You want affordable there is your affordable. Really all things considered not a bad place to live if you are in to that kind of thing and have time to travel.
