[tgrundke]

Originally Posted by Donatello.

So higher rates makes things more affordable? lmfao. No.
Tell me, how are cars (The average car payment is over $700 right now) and houses (Anyone with half a brain can see the prices are nuts) are so affordable fight now. I'll hold.........

The price of cars and houses is a direct reflection of cheap money and easy financing, both of which create more demand, which leads to price increases.

On mortgages, rate increases have decreased affordability - but that doesn't mean that the underlying price was good to begin with. Anyone with half a brain can see that you're buying into a bubble when median home prices jump from $280k to $450 in the span of 18 months.