>You have to ask why housing prices doubled, and ask how easy or likely those underlying conditions are to reverse.
Massive monetary expansion via QE and low interest rates. Resolved by raising interest rates and taxes on wealth holders (and particularly those holding unused or underutilized real estate) to deflate the asset bubble.
Massive monetary expansion via QE and low interest rates. Resolved by raising interest rates and taxes on wealth holders (and particularly those holding unused or underutilized real estate) to deflate the asset bubble.
https://fred.stlouisfed.org/series/M2SL