The Fed could purposefully crash the housing market soon
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I'm really not sure I mind. I suppose interest is a way to take money out of the economy since I guess that's what happens to the interest paid by the banks when they loan from the fed.
Probably doesn't hurt that I'm not super concerned about the paper value of my house either. I'd actually like a buying opportunity
Same thing I was thinking
I agree, but another big downside is the corps and elites seem to be intent on buying up all the property. Some individuals will get some of the land at cheap prices, which will certainly be a dream come true for many...but overall this is going to skew power away from the everyday people, and toward more consolidation of power in the hands of the people that hate us.
This is more globalist, eat the bugs, live in the pod, green energy nonsense, even if some of us end up getting property for much cheaper than it currently is. Sad but true.
That is a notable difference from last time there was a good drop. There's a LOT of corporate money in residential real estate now.