Is this a joke? Clearly, they don’t want people buying homes.

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The Federal Reserve’s failure to acknowledge the inflationary impact of soaring home prices and its interest rate policies have created a housing market crisis with significant affordability challenges for many Americans.



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A $400,000 house now costs over $1,000,000, with interest rates now at 7% from 3%

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How the Fed Destroyed the Housing Market and Created Inflation

The Fed’s oversight in not equating rising home prices with inflation has resulted in a distorted housing market. Despite wages rising, home prices have surged disproportionately, making them about 46% overpriced. The massive QE rounds by the Fed, intending to stimulate inflation, suppressed interest rates, leading to a housing market affordability divide: winners who refinanced at low rates and potential buyers priced out. With mortgage rates nearing 8%, the housing market is paralyzed. Simultaneously, rent has continuously increased, affecting 34% of the nation. The Fed’s inability to foresee these repercussions, combined with policies promoting inflation, suggests a bleak outlook.

h/t BFD