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by lumberingjack 1818 days ago
Remember the housing market boom right before the bubble popped they propped it up with stimulus money everybody was like oh wow this is great houses are such a low price...... You're basically talking about the same thing there
1 comments

No. I do remember people being like, 'holy shit, houses are getting so expensive' in the years leading up to the bubble popping. And knowing a few people stuck in their houses after real estate agents convinced them to buy at way more than market value.

What stimulus are you talking about? Mortgage rates were laughably high by today's standards. Maybe the $600 bush tax cut? I remember some first time home-buyers programs, but those were largely in response to 2008.

I suspect it's the Fed injecting liquidity: https://fred.stlouisfed.org/series/WM2NS