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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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[–] [deleted] • 0 pt

2010 was a good year for people looking to buy foreclosures.

[–] • 0 pt

Didn't have Trillions in free Fed Bux to Blackrock and other institutional in 2010, though.

[–] [deleted] • 0 pt

1st time since the 70s the house prices were representative of their actual value instead of inflated.

[–] • 0 pt

Can you please elaborate? Not quite following.