Anyway I think You also have to throw in the Gov’s (local and Fed) interest in paying (or monetizing) it’s debt into the equation.
You got CalPers already behind and getting further while demanding Pay me first and expect 7% or better returns from it’s investments. FED not doing much better job.
think there will be keen interest in getting wage inflation higher somehow(My two cents).
This should be interesting.
I don’t see how you can get too much higher mortgage rates without wage inflation and keep the all the balls in the air.
