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Definitely not a decade and a half of virtually free money and endless liquidity that encouraged people to chases returns outside of stocks and bonds. No, it's

• richbell 4y ago
  > Definitely not a decade and a half of virtually free money and endless liquidity that encouraged people to chases returns outside of stocks and bonds. >No, it's those blasted algorithms. You're spot-on about free money encouraging people to overspend. In Canada it's common knowledge that people would borrow against their house to put down payments into other houses, which they would borrow against to put down payments on other houses, etc. But an effect can have more than one causes, and algorithms driving up the prices is another cause. E.g., the op, https://www.bloomberg.com/news/articles/2021-11-08/zillow-z-home-flipping-experiment-doomed-by-tech-algorithms https://www.bloomberg.com/news/articles/2021-11-08/zillow-z-...