L Boyd

The Case for Higher Interest Rates and Lower Home Prices

Exactly; simply put, we had an era of easy money which naturally led to inflated prices - across all asset classes - though real estate was the go to. Asset prices have to come down, there is simply no way around it. I don't care if the government gives money away (they seem to have no problem with that), it won't solve the problem. The only cure is a general lowering of prices - many people will lose money, yes, but this is the reality of it. Better to accept it now, and move on.