"The evidence of history suggests that allowing asset bubbles to develop is the greatest mistake that a central bank can make."
pg. 8 Valuing Wall Street. We had seen how this was proven true back in 2007 when the real estate bubble fueled by low interest rates popped. Today, interest rates remain low, which has created a huge demand in real estate, thus pushing prices way up again. This is why I'm in no urgency to buy an overpriced home right now. It's just not the right time for me.
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