Why are they even doing this in the first place? The Fed buys assets during deflation and sells assets during inflation. Buying a cheap asset (e.g. $50 for a share) with money created from thin air increases the money supply and over the long run increases inflation. Inflation causes the prices of cheap assets to rise above the original value to $100 for a share. The situation is out of control! What can the fed do? It can sell assets in exchange for $100. In other words. The fed never runs into a situation which it cannot undo.
To whom?
We must be living in a different place.
Childcare, Healthcare, Education and Housing have experienced huge inflation.
A home in the bay area was 700,000 in 2008. Today you can't find anything for less than 1.2 million.
When this inflation hits the economy what will a home cost? What will education cost?
Isn't it more likely that the price rises in Bay area property have been compensated for in other areas and sectors?