Growing Buyer Demand and Tight Supply for US Housing
Bloomberg Businessweek
00:00
The Economic Implications of the 30 Year Mortgage
If people have great 30 year mortgages like yourself and you ain't moving, what does that mean in terms of economic activity? When we buy a house, we tend to buy a lot of stuff. So I think we're giving up some short term pain, but might end up with a sort of just less dynamic economy in the process.
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