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user-inactivated  ·  2817 days ago  ·  link  ·    ·  parent  ·  post: Larry Summers: Interest rates are at inconceivable levels, and we must confront what that means

    They are only going to add more air to bubbles that already are making people wince in nervous expectation.

I'm gonna go look at a house tomorrow that last sold in the early 2000s for 50% of what the current asking price is. I don't have high hopes for this particular one, but the price they're asking for it is still a great deal. Still, if the housing bubble could pop sometime this week, I'd be grateful. If the housing bubble could please pop and the bank still has those low lending rates for a 30 fixed mortgage, well, I'd be downright ecstatic.