Here we go again: The U.S. is knee-deep in yet another colossal housing bubble—shocker! —blown up by the same tired financial tricks. Prices are soaring, not because of genuine supply and demand, but due to the magical effects of financialization. Decades of housing subsidies, down payment assistance, artificially low interest rates, money printing, and endless bank bailouts have transformed American homes from cozy havens into high-stakes financial assets. The scale of this distortion is off the charts.
What’s truly riveting—beyond the obvious bubble-bursting spectacle—is how everyone talks about it. From investors and NIMBYs (residents who oppose real estate development and infrastructures) to YMIBYs (residents who are pro-housing) and even the neighbor down the street, everyone’s got their own simplistic theory on home prices, each cheerfully backed by their own cherry-picked data.
Take a look at this gem from a Wall Street Journal article:
When the American property boom began in 2016, it was already clear to those paying attention that it had morphed into a bubble and was headed for a spectacular crash.
Naturally, the bubble only got bigger because no one wanted to face reality. Developers, home buyers, real estate agents, and Wall Street banks all chose to ignore the red flags. Developers cleverly hid their debt with the help of bankers and lawyers. Buyers who suspected the market was overbuilt kept buying. Both domestic and foreign investors were happy to throw money at developers, chasing after those juicy returns. […]
— Read More: thepoliticalmovement.com
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by The Gateway Pundit
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by The Epoch Times
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by Publius
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by Tyler Durden, Zero Hedge
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by Dallas Express
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Senators Ask Cyber Review Board to Conduct Investigation on Chinese Hack Group
by The Epoch Times
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by Michael Snyder
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by Daily Caller
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Global Propagandists Find Out: AP to Slash Staff by 8% as Major News Outlets Stop Buying Its Content
by JD Rucker
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Trump to Declare a National Emergency to Conduct Mass Deportations
by Tyler Durden, Zero Hedge
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Gov. Youngkin’s Executive Order Seeks to Address Virginia’s Housing Shortage
by Just The News
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by Owen Klinsky, DCNF
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by Daily Wire
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Texas Again Breaks Its Own Jobs Records
by Bethany Blankley, The Center Square
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Congresswoman Nancy Mace to File Resolution Banning New Trans Congressman From Women’s Restrooms
by JD Rucker
Despite all of the amazing victories the GOP had on Election Day in the ongoing battle against wokeness, there was one conspicuous loss. Delaware elected “Sarah” McBride (born “Tim”) as the first trans member of Congress. Congresswoman Nancy Mace is calling on her GOP colleagues to pass a resolution banning…
