Comments by "Daniel Bradford" (@Falconlibrary) on "Economist: ‘The storm is coming’ for the U.S., Europe, and China" video.

I don't see the housing sector imploding in my area (Lexington-Louisville)--quite the opposite. Housing prices are going UP and houses (unless they have structural issues etc) are selling a few days after they're listed for at or close to list price. The only difference is that people don't appear to be paying over asking price, but houses are marked up to twice or even three times what the sellers paid for them 2-5 years ago. If a seller can't get his price, I've noticed that they just pull them off the market. The housing market appears to be permanently broken by investors using that free money the Fed rained on them from 2020-2021 to buy up the decent inventory and either demand outrageous prices for it or hold it unavailable. Those same investors, large and small, are NOT going to stand for sharp price reductions, and if it comes to that, will demand (and get) huge bailouts from our corrupt government.
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