The taper, when it comes, will feel like a relief

There is a point at which too much capital everywhere becomes more burdensome than helpful. We reached that point six months ago, as the vaccines were coming online. Too much capital in the housing market leads to sticker shock, mass un-affordability and a slowdown in turnover (some might even call it a stalemate between Gen Y and the Boomers who won’t sell at a reasonable price). And if it continues on long enough,...

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source https://thereformedbroker.com/2021/09/20/the-taper-when-it-comes-will-feel-like-a-relief/