It also was Carter not Reagan who battled for two years to pass legislation that gradually expanded competition in natural gas, oil, and electricity. U.S. inflation was fueled by rising energy prices between 1972 and 1979 linked to OPEC and instability in the Middle East.

Funny money is what has been created in 7 short months. Everything will continue to go up except retirement income. Good time to buy TIPS.

What goes up, must come down.... We've been through this before....

I couldn’t agree with you more !

Can’t wait for 10% CD’s

Interest rate is slated to rise 6 times over the next 2 years according to the Federal Reserve last Wednesday. That will slow things a little. As prices go up families will not be able to finance enough to buy the homes of older people who want to sell family homes and by retirement homes.

Bubble
 

Can you say bubble?

I’d say more of a boom than bubble. Supply supply supply, or should I say, lack thereof. Our country is like 5 million houses short, of the demand.

This housing market (Whoops, I just caught a typo back there --I had typed 'hosing' market. . .Is there such a thing as a Freudian typo?) -- anyway, this housing market has an emotional component like none we have ever seen before.

Last go-round was fraught with screwy lending practices -- banks and mortgage companies having been given license to run amok with drive-by appraisals and stated-assets loans, mortgage rates at a low never seen before -- and then came the derivatives.

This time, those lending practices allegedly have been tightened, supposedly making mortgage qualification harder. This national housing market has been fast and crazy. It is creating what I believe to be an artificial sense of wealth in home equity. Can banks, and homeowners, resist HELOCs based on what I call phantom equity?

I just did a search of my own past posts. Since 2018-ish, I have thrown in an occasional mini-rant about about how I think the fact that corporations were/are spending a big bunch of that corporate tax-break money on stock buybacks is going to bite us in the azz. Stock buybacks have been creating an artificiality in the stock market -- resulting again in the psychology of phantom wealth. The old bull is tired, had been running for more than a decade -- on its own -- until the corporate tax breaks gave it more momentum than it deserved -- looks to me like it has been an old bull on steroids for a while.

Economic history tells us that the stock market and the housing market ride in tandem. We can only hope that what is coming will just be a deep breath. I personally think we need that -- just that -- but we have been living in Crazytown for years -- so who knows where we are headed.

Boomer

PS: The teetering can be felt right now. We are going to see -- already are seeing -- a scapegoating of the present. I wish more people would look at the big picture. But (sigh) a lot of people will think what they allow themselves to be told to think.

Think 2008. The market corrects, and seeks fiscal homeostasis with a vengeance.

5 million need homes
 

I would like to know where these 5 million people are now?

And Robert J. Shiller weighs in.

Home prices 'will see big declines in coming years,' expert predicts

Thank you for sharing the link. I learned a lot from viewing the informative video. I like data driven discussions. Not only did he provide good insight regarding the market, but let us know how he came to the conclusion, so I can do likewise in the future.

Also, I learned how to filter Zillow for 'Zillow Owned' properties, that INVH is the largest real estate owner in the US, and how PUT options work.

Thinking of dismissing my current financial advisor, and start managing my equities on my own, starting with some PUT contracts for ZG and INVH. When they strike, I can use the profits to buy properties at reduced prices.

Can't wait for any appealing CD rate. I'd go 10 years for 6%.

Here and there.

Most likely renting