The unintended consequences of the Fed's unprecedented interventions will rip the heart and lungs out of the housing market
The housing "recovery" since 2010 can be summarized in four phrases: diminishing returns, unprecedented central state/bank intervention, unintended consequences, end-game. Three charts from our friends at Market Daily Briefing and one of the Case-Shiller Home Price Index tell the story.
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A job for the EPA. Stop the Left from throwing mud into the waters.
“Home” prices are up, but those are not homes around me. The houses are big and empty with more expected along the way. They’ll keep the prices high to prop up property taxes until they rot. All is connected to government in a shrinking economy of recirculating debt and increasing local corruption.
There’s also the planting of us Baby Boomers for the next 20 years or so. Maybe real estate will go up again after that.
Can’t help but wonder if some of the few who reportedly bought some of the pricier houses aren’t really squatters securing the places for holding companies (property taxes).
Call them what they are, RINOs!!!!