Lock downs weren't a cost, but a down payment, so they could paper over the system with a few trillion without the velocity of people going out ... It bought down personal debt and increased household savings over years. Also served to soft launch the China decoupling and install a fake president who could eat the inflation. Completely staged by the national security state... All part of the plan.
Housing is an interesting animal, all the variables of macro and then some because of migration even within the US, local regs, and demographics. Prices have been pretty flat a few years to break the ponzi cycle, building happening, now net-negative migration. I suspect lower rates will go hand in hand with boomers downsizing and it'll remain flat for the foreseeable.
Lock downs weren't a cost, but a down payment, so they could paper over the system with a few trillion without the velocity of people going out ... It bought down personal debt and increased household savings over years. Also served to soft launch the China decoupling and install a fake president who could eat the inflation. Completely staged by the national security state... All part of the plan.
Housing is an interesting animal, all the variables of macro and then some because of migration even within the US, local regs, and demographics. Prices have been pretty flat a few years to break the ponzi cycle, building happening, now net-negative migration. I suspect lower rates will go hand in hand with boomers downsizing and it'll remain flat for the foreseeable.