Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Interest rates have been incredibly low for years. If you can afford a house you have bought one. With that being the case there is only one other way to expand housing.
Not really.
Interest rates were NOT that low back then. In 2002 - when Krugman made that statement - interest rates on a 30 fix-rate mortgage were averaging around 7% - a decent rate but hardly "incredibly low".
Ken
Last edited by LordBalfor; 06-01-2013 at 04:07 PM..
Not really.
Interest rates were NOT that low back then. In 2002 - when Krugman made that statement - interest rates on a 30 fix-rate mortgage were averaging around 7% - a decent rate but hardly "incredibly low".
read your links before you post them, that is not Krugman's site. it is a site full of quotes that gives right wing interpretations of what he has said. Basically the same thing going on right now on this very thread.
But the context is completely different than what you claimed it to be. Do you really not see the difference ?
He's a one trick pony?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
