> almost entirely to the popularization of rent-seeking activities and real estate speculation
Interest rates in 1984 were 13+% for CDs, and higher to borrow money.
That should tell you everything you need to know.
Interest rates in 1984 were 13+% for CDs, and higher to borrow money.
That should tell you everything you need to know.
My advice is take advantage of the low interest rates if you can. You have to live somewhere and the mortgage payments are a form of forced savings and partially subsidized by the US government.
Then you had a low price to rent compared to payment to rent ratios. Today you have the opposite: low payment to rent and high price to rent ratios. If rates rise with prices drop?