[quote=CA renter]Bingo, ocrenter! And this is why high rates are going to hurt the housing market even more than most people expect. Rates have been artificially inflated for so long, that fixed-income investors (and others with large cash positions) are forced to get into different markets, and the housing market is one of the greatest beneficiaries of the low rates, IMHO.[/quote]
which is why we are not going to see higher rates for the foreseeable future.
every time they try, housing would start crashing, and they’ll drop the rate again.
given the choice of protecting against inflation vs housing, they’ll pick housing and let the dollar tank.
