[yobbo]

> The low interest rates amortize the costs allowing affordability

Negative real interest rates devalues income from work and up-values ownership of assets. Inflation is not in the interest of workers.

> housing prices and interest rates will back down to normal sometime soon.

Mortgage rates needs to rise until the real interest rate is positive - ie interest rate is greater or equal than housing appreciation.

[screye]

Oh yes, I misspoke.

> back down to normal

I agree. By down, I meant going back to being 2-3% higher than inflation and not being literally 'free money' by being behind inflation.

> Inflation is not in the interest of workers.

Agreed. I think my next sentence clarified that, but yes. In isolation, it does look like I am supporting inflation. My bad.