IMO, he is has underweighted the role of the FED and Inflation. Mortgage rates were 18% in the 1980's. Why? Because they had to crush inflation. Since the 1980s

IMO, he is has underweighted the role of the FED and Inflation. Mortgage rates were 18% in the 1980's. Why? Because they had to crush inflation. Since the 1980s the 30 year fixed has been on a consistent downward trend. https://www.macrotrends.net/assets/images/large/30-year-fixed-mortgage-rate-chart.png https://www.macrotrends.net/assets/images/large/30-year-fixe... as had the FED rate: https://www.macrotrends.net/assets/images/large/fed-funds-rate-historical-chart.png https://www.macrotrends.net/assets/images/large/fed-funds-ra... And if you join it with this graph and tell me things will only stall, well, I have a house in L.A. I want to sell you... https://www.motherjones.com/wp-content/uploads/images/Blog_Housing_Prices_1890_2006.jpg https://www.motherjones.com/wp-content/uploads/images/Blog_H... Unprecedented, all of it.