Ben Eng on Nostr: What is the current bubble? I think it was the zirp-induced real estate bubble, where ...
What is the current bubble? I think it was the zirp-induced real estate bubble, where people locked into low interest rate mortgages saw their property values skyrocket as covid refugees fled New York and California. Now with higher interest rates, homeowners cannot afford to sell their homes or move elsewhere, so we see stagnation due to paralysis, as inventory remains near zero while demand cannot be satisfied.
Published at
2024-08-11 19:44:27Event JSON
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