I appreciate both points of

[pinkflamingo]

I appreciate both points of views. DZ thinks that there will be deflation. Others think that we’ll have inflation and or leveling.

Only time will tell. The Fed’s zero interest rate policy took two years for housing prices to get to this level. Here is an example of the insanity https://www.redfin.com/CA/Encinitas/656-Lomas-de-Oro-Ct-92024/home/4180685

I’m thinking it will take about the same amount of time for it to go down. With a big if. JPow is not PVolker no matter how much he mentions the name.

In the meantime, can we keep the debates cordial?

Lots of name calling on both sides. Can we refrain from typing the word “you”, “you are” or “username” in a response? I think that would help a lot. Keep the rebuttals on ideas instead of people.

@sdr thanks for putting out the data.
@dz thanks for being one of the few deflationist.