RFK in, Tusli in, Kash in.
I haven't been this optimistic about the country since Obama was elected. That turned out to be a huge disaster, so hopefully my judgement now is better informed.
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Hmmm. There is a counter theory. Many people won't sell homes because they have a low rate now and don't want to get a new house with a higher interest rate. If they suddenly dropped, a lot of people wouldn't feel trapped and would sell. This sudden sell off would lower prices and the floor would fall out until sanity was met.
Definitely I think something like that short term is plausible. But low interest rates do mean people can afford to borrow more and keep pumping up price so I think it will pump up asset prices in the long run. leads to inflation as well since businesses will borrow more money and a lot more money is introduced into the economy.