Quote:
Originally Posted by dreamingat30fps
Look at the chart posted a couple pages back. The market has pretty much steadily gone up since the 70s. You can see a mild bump with a mild drop around 1990 then the 2008 debacle. However both of those spikes don't hold a candle to that 2020 spike. The access to credit you mention would have also been an issue pre 2020, however while the market still went up, the massive spike was in 2020.
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the massive spike in 2020 was obviously a result of EXCESS liquidity in the market during Covid... people had no idea what to invest money into as soon as Covid hit... that in COMBO with lowest interest rates ever and easy financing as well as stimulus payments, PPP loans etc.... caused a massive demand spike in housing... point is fuel + more fuel + even more fuel = now.