Let's say 1,000 sq ft a home and $100 a sq ft That's $100k a house. Multiplied by 50m homes is $5 Trillion dollars of inventory. US GDP is ~$20Tr, for cont

Let's say 1,000 sq ft a home and $100 a sq ft That's $100k a house. Multiplied by 50m homes is $5 Trillion dollars of inventory. US GDP is ~$20Tr, for context. Monetary policy matters. A pause in the Fed tightening instantly flows through to impact the market price for $5tr USD of speculative real estate, a half a world away.