Economic Ideas

Paying Less For a House

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  1. Anonymous says:

    Rising house prices are a sign of recovery. Interest rates are extremely low, encouraging people to borrow and spend. As more people borrow and can afford to buy houses, the demand increase pushes price up. Rising prices can also signal inflation. Eventually, interest rates will need to come up in order to avoid too much inflation. However, since unemployment is high and inflation is currently manageable, Bernanke should keep interest rates low for the time being.

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