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The point is wrong.
Loans are instant gratification. That's what we pay interest on.
People would still buy homes and cars at similar prices but they have to wait much longer. And chances are what you get for your money is less
Yeah but if everyone is waiting longer to buy then people lower the price if they're trying to sell is the point. Like if you want to move or need a bigger house because you had another kid.
It's actually hard to accurately predict what will happen since economics is such a complex system but there could be a ton of bad side effects from the usury system that were just desensitized to so we think it's normal.
Price is set by demand vs supply.
Supply is artificially low because of bureaucracy.
Now you can argue that demand is artificially high because loans increase buying power.
I say that this is wrong.
Shelter isn't a want . It's a need. People need shelter and will always demand one. And it doesn't matter if every person owns one home or one in a hundred people own one hundred homes and 99 rent.
The demand is constant.
Where demand is actually artificially high is once again due to bureaucrats. Immigration and rental laws and inflation.
"I demand a place to live" and "market demand for the purchase of single family homes over $300k" are two completely different meanings of the word "demand"
They're not interchangable
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