"Is it possible that the price of the asset I'm borrowing against is higher because low rates are inflating asset prices? Possibly."

Is it possible that 1 + 1 = 2? Possibly. Does a bear shit in the woods? Possibly. Is the pope a catholic? Maybe. Do low interest rates spur inflating asset values? Absofuckingloutely.

"Besides that, the inflated price shows up as an asset on my personal balance sheet."

Until interest rates go up and it deflates again. That's not a reliable asset.

With all due respect, you really don't know what you're talking about here. Your model of economics is too linear and static.

>With all due respect, you really don't know what you're talking about here.

Benefits of interest rates are ambiguous, as I argue. Inflated asset prices benefit asset owners, as I argue:

https://www.stlouisfed.org/publications/inside-the-vault/spr...

>Until interest rates go up

Yeah, 24 years later and Japan putting up interest rates is just around the corner.

When policies last for entire generations treating them as a temporary aberration is a mistake.

The interest rates have a substantial effect on the price of houses. It's the same with the price of education.