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8: You can’t fight the Fed

Onward, a Fundrise Production

CHAPTER

10 Drivers of Inflation From Ben Miller

Ben Miller: I was on the bare side of this, which is consistent. And for people who are borrowing, whether for real estate or a company, you're talking about borrowing at six and a half and probably 7% interest rate next year rather than a year ago. Mortgage rates north of 6%. Do you have that in your forecast anywhere? Anybody that you talked to at Fundrise or elsewhere were real estate folks thinking that was even a possibility at the start of the year? He says he's been expecting for spending patterns to return back to where they were before the pandemic. In other words, switching away from goods relatively back into services.

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