Why the U.S. economy fell into a "real estate trap"

Why the U.S. economy fell into a "real estate trap"

For 140 years from the 1860s to 2000, home prices in the United States remained relatively stable for a long time, and until just before the 2008 economic crisis, real estate prices had never threatened economic stability

The first time the U.S. was caught in a "real estate trap" caused by soaring property prices and the aftermath was during the 2008 economic crisis. The bursting of the property bubble in 2008 caused massive losses of homes owned by as many as 78 million 草

When housing prices recovered to normal levels around 2013, the Fed in the United States had to recover excess liquidity from then on to escape the economic crisis

Elon (now U.S. Treasury Secretary), who took over as Fed chairman in 2014, was consistent with no response, and Powell, who took office in 2018, did not recover "excess liquidity" but rather frantically released "long-term housing funds" at an astronomical amount of money unprecedented in U.S. history at ultra-low interest rates

As a result of boosting the housing market, home prices in the U.S. are at a higher historic high than during the 2008 property bubble

If the U.S. economy enters recession because of a property trap in the future, or if the property bubble explodes in the process, millions of American 草 will be forced to avoid the same level of enormous economic pain and pressure as they did in the 2008 economic crisis

That's why, personally, Powell and Secretary of the Treasury Yellen have consistently criticized FACEBOOK as incompetent