LogFAQs > #981592560

foolm0r0n posted...

Bottom line is, workers make money from wages, which are stolen by the via the tax of inflation. Raising interest rates to reduce inflation is a great policy for workers, despite the incessant loud screeching of keynesians against it. It's shocking and brave that Biden was able to raise rates in the US after decades of 0%, and if Japan is doing it able to do it too, that's a great thing. Yes there's short term pain, but it pales in comparison to the benefits.

logically, I agree with this.

Personally, I am annoyed that these increased rates have coincided with my and my wife finally being in a financially stable enough position to buy a house... only for the market to become particularly awful -_-

We will absolutely be buying the dip if a september rate decrease comes to fruition. And then once we finally close on something I'm sure a much larger dip will follow and I'll wish I waited longer :shrug:

But the high interest rates are definitively a good thing even if we're being told that they are not.