My view is sinister. They want to own it all and destroy competition.
So they went after crypto.
They are inflating currency like mad so that encourages money going into shares and housing.
They want to own both.
If the massively raise interest rates they will crash the economy sure. But also destroy landlords and retirees.
They can then pickup assets cents to the dollar and theyll have the cash to do it.
The concern is for those who can afford 3% but won't afford ten percent
I agree.
Corps. like Blackstone see free money at todays interest rates so they are wholesale buying up neighborhoods. When the interest rates finally break and go back up to +15% everyone will be priced out of financing and home ownership will become a cooperate enterprise.
Real Property has always been the singular true reserve of wealth.
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