Fun fact -- the majority of bank loans are also for real estate, further bidding up the price of housing. The Great Mortgaging is a great source on this: https

Fun fact -- the majority of bank loans are also for real estate, further bidding up the price of housing. The Great Mortgaging is a great source on this: https://www.nber.org/system/files/working_papers/w20501/w20501.pdf https://www.nber.org/system/files/working_papers/w20501/w205... Just look at this scary chart: https://www.fortressofdoors.com/content/images/2021/10/2021-10-14-17_25_56-w20501.pdf---Vivaldi.png https://www.fortressofdoors.com/content/images/2021/10/2021-...