We Should Be Shocked By What Inflation Is Doing To Home Prices, Because We Have Never Seen This Before | WHAT REALLY HAPPENED

We Should Be Shocked By What Inflation Is Doing To Home Prices, Because We Have Never Seen This Before

If you are shopping for a home right now, I really do feel sorry for you.  Home prices in many areas of the country have officially crossed the line into “absurd” territory, and they just keep going higher.  Thanks to wild spending by the federal government and the economic malpractice that has been happening at the Federal Reserve, we now have way too many dollars chasing way too few goods and services.  Inflation is showing up in every sector of our economy, but it is not showing up equally in all sectors.  One area where inflation threatens to spiral completely out of control is in home prices.  Right now we are seeing the wildest bidding wars in U.S. history, and in many, many cases buyers end up paying way over listing price.

Comments

Home prices have been "absurd" for at least 30 years.

George

Anything you let Wall Street "financialize" (in plain English: price gouge) becomes gradually unaffordable for mere mortals, from real estate to healthcare. That industry becomes hard to un-FUBAR.

If you want to see what's a realistic price for a house (which is a big box for people, in essence), look at how much a small box, like a windowed shed costs, then multiply the price by the difference in square ft. Nowhere near today's house prices, huh? Someone is getting filthy rich, sucking money out of the industry, like some Mafia. It's sure not the builders...

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