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The government can only keep interest rates artificially high for so long. Once they go down again, housing prices are going to explode.

There's no way to reverse printing 13 trillion dollars in corona stimulus.. the damage has been done.

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The housing market is unique in that interest rates did absolutely nothing to housing prices. But it was entirely expected. When you couple low supply with people who have 2-3% interest rates, you create an absolutely massive shortage on the supply side. Why would a current home owner EVER sell their house right now? Not only are the prices outrageous, but you’ll be paying 7% interest. Even if you have to sell, you’re better off renting and picketing the difference. It’s madness.

I think the market is pretty locked due to this and akin to having no liquidity.

A Hoover Fellow, I presume?

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