1 karma · joined February 22, 2023
I think the reality is that because there are holes in the response to covid, people dismiss the whole.
Also, there's no real way for us to know what would have happened if we did nothing. Maybe another 1-2m dead - or maybe we'd be just where we are today.
Housing (at least in the US) never crashed if you're not adjusting for inflation.
If you do adjust for inflation, housing was mostly flat.
It is not hard to find this data.
https://fred.stlouisfed.org/series/FEDFUNDS https://fred.stlouisfed.org/series/DGS10
I admit I'm not an expert here - but unless someone comes to be with a really good argument why the US Government is on verge of collapse b/c of raising rates (they are the ones why raise rates!!!) I am not sure how much I need to prove the counterpoint?
Because there are examples of the medical community getting it wrong (btw they did not get it wrong when it came to opiates - everyone knew opiates were addictive) doesn't mean they are always wrong.
Also there is no way for you to figure out who the quacks are (of course they exist, there are MDs suggesting insane things all the time) and who the correct but contrarians are.
So, by default you assume if the opinion is not mainstream it must have validity.
Now, I'm not saying the opposite is true. I'm saying it is just as bad (or maybe even worse statistically) to form an opinion because it isn't mainstream as it is to form an opinion just because it IS mainstream.
You're not a critical thinker because you dismiss the mainstream because it is mainstream. Just the opposite.
Nothing is a guarantee. Silly to base your argument on that. Nothing is for certain.
It is easy to see that even during insane rates (80s etc) housing prices didn't collapse.
They went down a little, but only after adjusting for inflation. :)
Also home prices did not take a very long time to recover all things considered.