Quote:
Originally Posted by bizaro86
I think it's hard to know the counterfactual. That's true if they didn't raise rates and everything else turned out the same.
But I think I'd they hadn't raised rates the huge federal deficits and (and effective negative real rates) would have juiced the housing bubble like a y2k Era home run hitter, and we'd be in an even worse spot for housing inflation.
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Oh I should've clarified that I meant the last few raises this year. I think that they had to raise in 2022. It's just that the inflationary increases now, or what seems to be holding, is shelter. Basically everything else is coming down at this point.