That is the logical implication of their plan to push mortgage interest rates down to 4.0 percent to boost home prices.If extraordinarily low interest rates can boost house prices then the implication would be that house prices will plunge again in 2-3 years if the economy gets back on its feet and interest rates return to more normal levels.
It would be helpful if the reporters would seek out an analyst who understands housing markets in discussing such policies.
A second Trump administration will cement a right-wing majority on the Supreme Court for a generation, and put our collective future in the hands of someone who will be virtually unchecked by our institutions. The country has shifted rightward, and the reverberations will ensue for potentially the next few decades. In this climate, a robust independent media ecosystem will be more important than ever. We're committed to bringing you the latest news on how Trump's agenda will actually affect the American people, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in this country.
Quality journalism is expensive to produce, and we don't have corporate backers to rely on to fund what we do. Everything we do is thanks to our incredible community of readers, who chip in a few dollars at a time to make our work possible. Any amount you give today will help us continue reporting on what matters to our democracy.