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Do all those ARM's blow up the economy?

Do house prices fall, lowering taxes, which fucks City/County/State budgets?

ELI5, what would a 1-2% raise in the interest rates do to US housing?

Do all those ARM's blow up the economy? Do house prices fall, lowering taxes, which fucks City/County/State budgets? ELI5, what would a 1-2% raise in the interest rates do to US housing?

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[–] • 0 pt

Can you please elaborate? Not quite following.

[–] [deleted] • 0 pt

The house prices in Florida were representative of the adjustment of inflation.

You could buy a house for 35k.

The same price paid for a 2 story house in the 70s.

[–] • 0 pt

What would that translate to today?

[–] [deleted] • 0 pt

Right now because of the covaids Idiocy the lockdowns, fucking the economy your lookin at 150 to 180k for the same house.