Loading ...It seems to be working like the high to 21% interest rates of the 1970s. The high rates were sucking in money into bank accounts, making excess money harmless dead money not getting spent, and help to not drive up demand inflation. Inhibited spending on cars and houses.
Sure some stock market profits might be going into people buying extra houses they don’t need, driving those prices higher. But if they build and buy too many, like $145/bbl Oil, they flood and crash their own market. Remember $28/bb oil later on?
I head when Fla real estate get as high as NY real estate like it is lately, LOOK OUT BELOW!! LOL. Another thought, maybe there is massive legal and illegal immigration numbers the gov’t is not reporting would explain very high populations causing the need for all these houses and apartments, and or big Cities are getting emptied and flooding into surrounding areas.
Imagine Ghost Cities?? And dirt cheap prices? LOL.