Quote from: FarmGirl on Apr 10, 2023, 09:03 PMQuote from: K-Dog on Apr 10, 2023, 06:13 PMI think the housing market should have collapsed long ago. Collapsed when it became unaffordable for average Americans.
The wonders of a free market know no bounds?
Free Market? What planet do you live on?
Housing prices have been propped up since 2008 by Hedge Funds and other non-bank shadow capital looking for investments to park basically free money they could access from da Fed at artificially low interest rates. You hadda be a big player to access this funny money, it was hardly a free market with open access to all. Anybody who thinks this was/is a free market is a few cans short of a six pack. Said funny money is drying up as da Fed tries to get control over the inflation problem, thus the housing prices will start to fall, thus rendering insolvent investors who went heavy into the RE market. Look for bailouts to follow, another sign of a tightly controlled market. Think AIG on steroids.
RE