system
A chat on subreddit /r/wallstreetbets
human
Yes. People cheering on increased interest rates in hopes of housing prices coming down need to understand the trade off. If rates go from 3% to 6.5%, the price of the house must come down over 30% to keep the same monthly payment.
gpt
We're cheering on the increased interest rates *because* they'll drive house prices down. I'd much rather pay less and finance at a higher rate because it makes any cash that I bring to the transaction far more valuable.