Housing (rent specifically) rised and most likely won't fall back. In Houston rent went up by around 25% in the past 6 months alone.
This is extremely serious, considering that housing is one of the most important product people pay for.
This is extremely serious, considering that housing is one of the most important product people pay for.
If the fed raises interest rates, the corporate debt levels are unsustainable and a recession will ensue, but housing will return to normal prices as institutional bond purchases resume. If not, more of the same. This is all 2008 and quantitative easing playing out... The fed wants to prevent market busts and as a result will create more drastic busts playing with fire.
Thankfully salary inflation here has been great.
A year later it was $1.26/gal.