People seem to not understand this, so let me explain what rate hikes cannot do: ➡️ A rate hike cannot drill oil ➡️ A rate hike cannot end a war ➡️ A rate hike cannot manifest a house If you live in a supply-constrained housing market that is not building, rate hikes won’t help, and likely make it worse. We saw this from 2022-2025 Fewer people with locked in low rates move. Wealthy people with money to bid on the few existing listings are impervious to hikes. They simply adjust their portfolios based on the yields, and continue to obtain free money (passive income) on all their invested capital US home prices continued to rise nominally during 1978-1984, despite 18% mortgage rates AND rolling recessions, because home prices don’t respond to high mortgage rates. Nor do they necessarily respond to recessions. They respond to supply and demand