Housing prices over the past 4 years
Did your house get 60% better?
The cost of a house is up roughly 60% over the past 4 years.
Did it get 60% bigger?
Did it get 60% better in any way?
(Source: https://x.com/BitcoinNewsCom/status/1847985273419796927/photo/1)
Nope.
Your dollar just lost 60% of it's purchasing power.
The cracks are really starting to form in the housing market. All those high insurance costs. The banks are going to be able to kick this down the road easier this time around most likely with no reserve requirements since March of 2020. They can just hand out loans like Halloween candy but at some point people start defaulting on tons of stuff and can't survive.