[pxue]

The problem is fed has been artificially dampening the interest rate for so long that housing is the only non stock alternative inflation matching way to invest your money.

I would be more than happy to park my downpayment in a US government bond if it matches/beats inflation every single year.

[cudgy]

This is the key issue. By artificially lowering rates, the central banks have funneled money into assets like stocks and real estate, which results in artificially high prices for these assets. Meanwhile, bonds, cash, and other savings instruments are hammered. Now there is nowhere to place money except in commodities like real estate, oil, metals, etc which further exacerbates the problem of inflation.

The idea that a few supposedly “smart” economists can effectively run the economy is absurd and needs to be reversed. There are fundamental checks and balances in economies that have been hampered by these central banks, resulting in the build up of asset prices beyond anything in recent history. Buckle up.