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REPORT ABUSIVE REPLY
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Message Subject
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‘The economy is going to collapse,’ says Wall Street veteran Novogratz.
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Poster Handle
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Anonymous Coward |
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Post Content
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Housing prices may drop a little, but that will not make them more affordable.
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They are trying to curb demand by raising interest rates.
This may reduce demand and therefore prices on some big ticket items like homes, cars, trucks, but it will make none of those things more affordable. The price may be lower, but the payment will be higher.
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Quoting: FastEddyTortuga Not everyone lives off of debt. But, yes, I get what you're implying. The economy will suffer.
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