>>1247835You have no clue what you're talking about. I'll break down why.
>Mortgage demand spiked during the pandemicWhich is the problem with analyzing one end of the equation of the housing issue. We had an extremely hot housing market for years. There is never a condition where things can be great for buyers, sellers and owners all at the same time. That isn't how markets work. Its so easy to hyperfixate on the woes of first-time buyers while ignoring all of those who made it out big from the housing fluctuation. Something like 60% of homeowners have mortgages with interest rates less than 3%. Somehow we never talk about that.
>Democrats attempted to self-destruct the economy with authoritarian covid measures.Boring talking point.
>Trump and Biden caused inflation to skyrocket with excess money creation, including covid relief aid, omnibus budget spending and biden "build back better" embezzlements.One, you just listed maybe 3 or 4 out of the literal 100 causes of inflation. Two, again you completely ignore the other side of the equation i.e. what would've happened with zero money creation and covid relief. Three, BBB is a literal 10-20 spending time line and the conspiracy that all of the money was embezzled isn't supported by evidence of any kind.
>The federal reserve raised interest rates to counter-act inflation. The end result is the pricing out of anyone left wanting a home.Wrong. The end result is the perpetual see-sawing effect of the housing market. When houses are really cheap and interest rates are affordable people buy a lot of houses. When property gets bought up and things like COVID bring construction to a halt and massively increase the price of supplies to build houses those housing prices go up. People who bought houses do great and people who want to buy houses do poorly. In a few years when the market heats up again the property values of people who bought houses will go down FTB's will profit again. This is how markets work.
