Impact of Interest Rates on Housing Market and Economy

The chapter explores the influence of interest rates on the housing market and economy, discussing how low rates lead to high housing prices and limited supply. It highlights the challenges faced by homeowners looking to purchase amidst higher mortgage rates, leading to housing market instability and high prices. The conversation also touches on housing shortages in certain cities, examines the role of builders in increasing productivity, and explores the impact of immigration on the economy, union movements, and boosting wages for lower-income workers.