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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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[–] • 1 pt

So, if you're looking to buy, wait until rates raise & prices drop?

[–] • 0 pt

Cash is bad, look at Venezuela, Zimbabwe did it worse. Gold and any other valuable metals/minerals could be erased over one night with some great mine/asteroid discovery.

[–] • 0 pt

Highly unlikely that such a large deposit would be discovered that would affect the precious metals markets, which have a huge market cap.