<story><title>Federal Reserve to increase interest rates by 75 basis points</title><url>https://www.federalreserve.gov/newsevents/pressreleases/monetary20220727a.htm</url></story><parent_chain><item><author>mjr00</author><text>&amp;gt; It&amp;#x27;s too difficult to curb demand for things like food and housing if the population is growing.&lt;p&gt;It&amp;#x27;s also difficult (impossible) to curb demand for housing if housing is far and away the best investment you can possibly make, both in the short, medium, &lt;i&gt;and&lt;/i&gt; long-term.&lt;p&gt;Unfortunately, so many people in the west have their net worth tied up in their homes that policies directly targeting property values is political suicide.&lt;p&gt;The best case scenario at this point for our future society is interest rate hikes causing a housing crash, then while prices are in the dumpster, put in legislation that prohibits the behaviours that have contributed to this cycle of housing mania: AirBNB&amp;#x2F;individual landlords, corporate investment in housing a la BlackRock, etc.</text></item><item><author>mywittyname</author><text>I&amp;#x27;m skeptical that interest rate hikes will curb inflation.  I&amp;#x27;m even skeptical that a recession will curb inflation.&lt;p&gt;We have significant shortages of so many products and services that people rely on and the only way I see the situation improving is if supplies increase, maybe dramatically.  It&amp;#x27;s too difficult to curb demand for things like food and housing if the population is growing.  Those are things we just need to make more of.  And I don&amp;#x27;t think raising interest rates is going to spur housing starts or investment in production capabilities.</text></item></parent_chain><comment><author>goatcode</author><text>The sad thing is that individual landlords are among the most responsive to tenant needs, while corporate landlords often are sons of Hell who should be Thanos-snapped out of existence.</text></comment>
<story><title>Federal Reserve to increase interest rates by 75 basis points</title><url>https://www.federalreserve.gov/newsevents/pressreleases/monetary20220727a.htm</url></story><parent_chain><item><author>mjr00</author><text>&amp;gt; It&amp;#x27;s too difficult to curb demand for things like food and housing if the population is growing.&lt;p&gt;It&amp;#x27;s also difficult (impossible) to curb demand for housing if housing is far and away the best investment you can possibly make, both in the short, medium, &lt;i&gt;and&lt;/i&gt; long-term.&lt;p&gt;Unfortunately, so many people in the west have their net worth tied up in their homes that policies directly targeting property values is political suicide.&lt;p&gt;The best case scenario at this point for our future society is interest rate hikes causing a housing crash, then while prices are in the dumpster, put in legislation that prohibits the behaviours that have contributed to this cycle of housing mania: AirBNB&amp;#x2F;individual landlords, corporate investment in housing a la BlackRock, etc.</text></item><item><author>mywittyname</author><text>I&amp;#x27;m skeptical that interest rate hikes will curb inflation.  I&amp;#x27;m even skeptical that a recession will curb inflation.&lt;p&gt;We have significant shortages of so many products and services that people rely on and the only way I see the situation improving is if supplies increase, maybe dramatically.  It&amp;#x27;s too difficult to curb demand for things like food and housing if the population is growing.  Those are things we just need to make more of.  And I don&amp;#x27;t think raising interest rates is going to spur housing starts or investment in production capabilities.</text></item></parent_chain><comment><author>colinmhayes</author><text>Rising housing prices are caused by the post 08 slowdown in building. The Bay Area alone is 1 million units short     . We need to deregulate the housing market. Only 2% of units nationwide are owned by large scale investors. That number is going up, but for now it’s not a real problem.</text></comment>