biophase
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Money is cheap because you can borrow at 3% or even under. Rent is high, and ROI is greater than 3%. So essentially you can own a home for free.Explain “money is cheap”. = it’s being “enthusiastically printed” or = “dollar is losing it’s value.” Or = ?
I also don’t see a bubble, maybe a slow down but not decreasing by prices. There’s just too much money out there.
The house prices aren’t really going up. They are staying the same but the dollar is worth less.
For example, you see this in food, but nobody is following the food market so you don’t think about it.
For shits and giggles I know that my chipotle chicken taco was $6.95 3 years ago. My house was worth $600k.
So my house was worth 86,330 tacos.
Today Chipotle is $9.35, my house is $850k or 90,910 tacos. So my house has gone up by 4,600 tacos in 3 years. About 4.5%.
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