Quote Originally Posted by Crypto Crude View Post
That's a pretty loose theory...
When interest rates are high inflation is high which is prices going up....
Higher interest rates are higher loan costs which is less money loaned..people are more willing to take on loans when interest rates are low
cc
and how come no one else is mentioning about unemployment figures? It does not matter where interest rates are, if people lose their jobs, so will mortgages going into default. You know the gov't can not keep forcing banks to extend mortgage payments. It's safe to say this crisis is nothing like the 2008 GFC. Rich or poor, everyone is affected and this goes to housing prices. While in 2008, quantity easing was the answer - unfortunately the virus does not discriminate between rich or poor.