This is all the feds fault. It sounds very 2010 but people need to get back to what the occupy movement was about.
The fed should NOT look at house prices as an asset, for almost everyone it’s an expense and if it’s going up in price that’s just plain old inflation, nothing else.
Interest rates never should have been this low for so long. It was a massive wealth transfer to the existing asset owners from working people.
I just can’t believe there’s been zero blowback about this. And the entire 2008 crises. Many many people should be in prison.
The fed should NOT look at house prices as an asset, for almost everyone it’s an expense and if it’s going up in price that’s just plain old inflation, nothing else.
Interest rates never should have been this low for so long. It was a massive wealth transfer to the existing asset owners from working people.
I just can’t believe there’s been zero blowback about this. And the entire 2008 crises. Many many people should be in prison.