New ask Hacker News story: Ask HN: Was the housing bubble as ridiculous as we are led to believe?
Ask HN: Was the housing bubble as ridiculous as we are led to believe?
6 by runawaybottle | 4 comments on Hacker News.
I’m starting to think printing money and reducing interest rates to 0 just to stimulate the economy is actually much dumber than a housing bubble. At least in the housing bubble people had some modicum of interest in living in a home. The current situation of limited investment vehicles for the average person with the only real options being dumping stuff into equities/crypto at mass scale seem unproductive. I’m rethinking the moral hazard argument of literally bailing out the mortgages and giving people homes. What is all this liquidity getting us really?
6 by runawaybottle | 4 comments on Hacker News.
I’m starting to think printing money and reducing interest rates to 0 just to stimulate the economy is actually much dumber than a housing bubble. At least in the housing bubble people had some modicum of interest in living in a home. The current situation of limited investment vehicles for the average person with the only real options being dumping stuff into equities/crypto at mass scale seem unproductive. I’m rethinking the moral hazard argument of literally bailing out the mortgages and giving people homes. What is all this liquidity getting us really?
