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It was never about poor lending standards/low inventory

It’s about affordability,when you have an avg American Joe making 50 to 70k per year and expecting to pay 50% of his wages towards living, Houston we have a problem

America again created a housing bubble lead by mass speculation, cheap money, endless access to infinite money

I fear this time is no different from last time, affordability is in dismal state and cracks are beginning to show

Job market, the only standing pillar left to hold the housing market is going to be tipped over by our bro Jerome Powell

Please understand I don’t mean to blame anybody

submitted by /u/No_Experience_4809
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/xnq510/it_was_never_about_poor_lending_standardslow/
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