This is what so many of us have been complaining about. They are going to destroy the currency in order to “save” the housing/mortgage market. I’m not convinced this is a good thing.
That about sums it up. Keeping home prices high is becoming incredibly expensive and a fools errand.
It’s pretty obvious at this point the reason to keep home prices high is to maintain the solvency of the whole western banking system. Which they appear to be failing monumentally as the real economy continues to deflate via employment and wages, which make the whole experiment even more unlikely to work.
