I suppose the made up 2020 price is 340,000-380,000. People complaining about the Fed/Biden popping the asset bubble right now weren't complaining about the largest transfer of wealth from the poor in 2020 when they zeroed out interest rates and gave away and printed billions with it mostly skewed to the wealthy.
Especially if you are foolish enough to shop at the places where @Commodore gets his images from. Luckily most of us don't go to places that charge those kinds of prices. There are so many out there that are considerably cheaper.
Good luck to those that bought houses in 2020-21 with variable interest rate terms. But the mortgage rate is still historically low. And the fed doesn't care about mortgage rates or popping the housing asset bubble. Their current primary mission is getting inflation down to 2%, but foolishly trying to accomplish that in a very short timeframe.
I think the Fed does care about popping the housing asset bubble. Rent and housing contribute to core inflation stats they're paying attention to, and if rents remain sticky, more and more city dwellers will be unhappy with things as it already is. Despite all the talk of tightening throughout the summer, they only stopped scooping up Mortgage Backed Securities earlier this month.
Curious. Who would you rather have as president. Biden or Kamala? And why? Try to be specific if you have time.
Nope, try again. He was naming Indiana politicians, specifically Ms. Walorski who was an advocate of hunger, nutrition, and health - which was the subject of this conference. Biden effed up.
