I agree that govt intervention will probably help ease the downward spiral and probably extend it as well. But they cant really prevent it or stop it’s flow towards the point of equillibrium.
I dont think it’s going to be nearly what people think nor will it arrive in a timely manner. This is going to get very ugly. I dont see a good way out. The FIRE is being put out. I think this will lead to a serious recalibration of living standards and expectations for quite some time.
As I I’ve stated in the past here…the prices will come down as many on this board have been longing for, but when they get there…you may not be sure you still want to buy.
