IkePoR said:
So lets see if I got this right: it's covid and only covid then? And nothing to do with mortgage interest rates, mortgage payments and rent being higher, the Russia-Ukraine war, or profligacy in the treasury? |
Yes, other things added to it such as Wheat prices increased when Putin set foot in Ukraine. Mortgage rates were a direct effect of covid but also increased because Trump kept them low during an economic boon area which started under Obama. The stock market had a brief correction in 2018 when they tried to increase rates, and Trump freaked out on the treasury and made them drop rates. Rates dropped further during covid, and eventually had to go up. Guess what they went up everywhere even in European countries that once had negative interest rates. Do some non biased research, it's not hard to do.
