> When eggs double in price in 2 weeks, its hard to believe houses are going to decrease in price over 18 months
There’s a global avian flu pandemic going on, the worst ever seen. More than 100 million chickens dead. This has almost nothing to do with fiscal policy.
understood but eggs are unique only in the magnitude of the price increase. Every other product under the sun has seen and is still seeing inflation currently. Why would home prices go down in those conditions?
Where I am, it is STILL damn near impossible to get a house bought and that is after enormous increases in interest rates over the last couple years.
I think the Fed are focused on stabilizing prices, not getting them to go down. Deflation is an entirely different beast than inflation and the Fed certainly does not want to deal with that.
its very simple - rates are higher, they are going higher still, and they are going to stay high
homes will be a minimum 20% cheaper in 18 months
the Fed is completely focused on reducing asset prices, and they have the tools to produce the outcome they want