That explains the problem within the industry. Doesn’t refute MY point that the things I mentioned are worse than inflation.
No we at this point need to stop inflation that is concern one.
The things that you mentioned are not worse than inflation. There have been mountains of malinvestments made in housing over the past few years. These will have to work themselves out. That’s the way the free market works. The loans should never have been made, but too low interest rates and bad lending practices got us into this situation.