This is my guess. We’re busy monetizing our national debt, and real estate is the first sector that is calibrating to the new (much lower) value of the dollar.

This is my guess. We’re busy monetizing our national debt, and real estate is the first sector that is calibrating to the new (much lower) value of the dollar. I would love to be wrong about that, btw. I think it’s going to be brutally painful for anyone who rents, and will effectively be like giving the entire country a pay cut and lowering the minimum wage.