That's why the government is pushing first time buyer programs, because devaluing the currency more to provide liquidity is the only way
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Wow
What does this mean? 😦
~90-95% of US mortgages (MBS) are owned or backstopped by the US government.
So they own the loans for the biggest savings mechanism that people have run to because of their own money printing for additional profits.
It's so genius it's disgusting.
US real estate backstops the dollar
Real estate preserves value over time
Dollar transmits value over space
