4 comments
toomuchtodo5 days ago
https://news.ycombinator.com/item?id=49265534
https://news.ycombinator.com/item?id=49078595
https://news.ycombinator.com/item?id=47596362
https://www.marketplace.org/story/2026/09/23/mortgage-rates-...
rvz5 days ago
Higher rates for longer.
toomuchtodo5 days ago
Higher rates are normal rates, a reversion after an abnormal rate period (“ZIRP”).
https://fred.stlouisfed.org/series/fedfunds
Real estate isn’t the only asset class about to deflate, private equity too (and tech, see BendingSpoons bargain shopping).
https://www.bloomberg.com/news/articles/2026-09-25/pimco-fac...
https://www.bloomberg.com/news/features/2026-09-24/private-e...
https://www.bloomberg.com/news/articles/2026-02-23/private-e...
Asset prices will continue to decline until excess equity from ZIRP debt has been drained via higher borrowing costs (reducing valuation) until prices arrive at current money cost valuations.
cranky908canuck5 days ago
"cakeistocracy". Wish I had thought of that.
Read the full thread on Hacker News →
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