Comment by TimPC
3 years ago
He’s trying to prop asset prices up for current homeowners who are outraged at what interest rate rises are doing to the “earnings” they made from their home over the last few years. We’ve gone from a world where people’s homes made more than they did to a world where people’s homes are losing value faster than they can save. Of course a politician wants to stop the bleeding.
An unhealthy percentage of Europes GDP is in real estate. If realestate collapses then so will the European economy
No we haven't. House prices are still rising, although slowing down a bit. There's no bleeding or outrage at this time.
I agree he certainly is trying to prop up those prices though.
Housing isn’t actually down yet, but further rate hikes could lead to that.