@mwt @feld
>> Homes are expensive for a median household to buy. Would increasing the interest rate help with that? Obviously not. It would make a mortgage more expensive.

Did you even read what I wrote? I want to see math of why I am wrong.

The fact is that currently the houses are entirely too expensive, that means there is no buyers. What percentile of earners can afford 4100 a month.

If you are econtwitter show me the math.

I just asserted that the 4100 dollar home will drop to 2400 based on lending standards and interest rate to earned income.

The argument this does not help with price discovery is indefensible. Then stack the credit on top of it where are you at?