/biz/ - Business & Finance

>>54971353
> there are enough of them(the middle class) to keep the housing market at current prices.

no one can afford these rates (demand is down) but no one is selling (supply is down.) it's a gay and retarded stalemate. our only saving grace will be a recession causing forced sales.

rates dropping won't fix anything, because nigger cattle psychology dictates that prices will rise when the cost of borrowing drops. this does not contradict the observable phenomena of rising cost of borrowing not yielding a proportional decline in price -- the nigger cattle financial paradox, as it's called.