https://fred.stlouisfed.org/series/MSPUShttps://fred.stlouisfed.org/series/FEDFUNDShttps://fred.stlouisfed.org/series/WALCLwas it just a case of things being so pumped up by the covid 0% interest rates that prices still have to cool off, or is it just that the fed wasn't QE'ing for the past 2 years as well, or is there some shift in value like renters just living with their parents or something like that? For reference, this is a longer decline than 2008, and 2000 did not declineI'm guessing it's a combo of all three things I listed, and it'll return to up only once ppl liquidate their AI-lotto winnings back to real estateLikewise, it's hard to construct an argument that US real estate is somehow less valuable than elsewhere, it's about as good as it gets. The only argument I can construct is that the dollar inflates into dust, meanwhile every landlord will expect salaries to follow that inflation, but obviously that won't happen.
>>62211213inviting a few dozen million illegals here and giving them a bunch of shit for free including housing pumped the prices. shit's going to crash real bad.
>>62211213We’re in uncharted waters. The top 10% are doing great but everyone else is struggling. Either we let blackrock and co buy up all the boomers houses or there will be a housing crash because only blackrock or other speculators have the cash to buy them.This is what happens when you constantly have the government bailing out bankers and letting everyone else eat cake.
>>62211271>The top 10% are doing great but everyone else is struggling.>uncharted watersThis is just every time this has happened in history ever (a lot) but at a bigger scale. It's why they're working so hard to remove potential guillotines from the population's hands.
