Comments by "LRRPFco52" (@LRRPFco52) on "Strong American Growth (and Something to Worry About) || Peter Zeihan" video.

 @gzsprout Food at a 40 year low? We must live in different countries.
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@jaybird2148 It was the US Congress when they mandated that people without bank accounts and regular jobs be given home loans, which created the sub-prime market. Sub-prime had variable interest rates, and the people who shouldn’t have had mortgages defaulted, triggering the global economic downturn in 2008. Housing prices crashed and builders stopped building, which created a supply side scarcity environment, so prices went up again and then kept going up as millennials who had been doing everything right financially came into the market right as the govt Wuhan flu stimuli hit, sending prices into uncharted territories. We were already short millions of homes, and still are due to the lack of building capacity created by 2008. I looked up the data on how many private firms are buying single family residences as investments, and it’s only a small % of the overall market. It really comes down to supply issues created by Congressional tampering with the market.
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@jaybird2148 By the way, Segrei Brin’s Google gave me a prompt to edit my comment before I posted it for some insane reason.
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