@Jason The Earth may have just stopped spinning because Jason is 100% correct with this take. "Democratic Socialism" beats crony capitalism in every race at every level.
Rates are not high. If you replace the current “inflation” with the inflation calculated as late as the mid-90s, the Taylor Rule would suggest federal funds in the neighborhood of 6-7%. Where would the 30-year mortgage be then? High enough to deflate the bubble. But that makes boomers Big Sad. Not politically feasible.
@Cernovich We exist within the generational boomer donor cycle. Pitches that fail to directly lower their tax burden, increase the value of their assets and enhance their perceived status are not likely to succeed.
@Galepooley@elonmusk You need to adjust for MTF. The 1952 model was still cranking out cold air (with freon replacement) in 1972. You will be lucky to get five years from your Chinese Walmart gem.
@Juarez_Brock@RonDeSantis All for it, but you do understand the value of homes will adjust upward to reflect the lower carrying cost and all the gains will accrue to existing homeowners?