“Inflation with a collapsed real estate market? I don’t think so.”
I do. If not for the buckets of money they’ve been dumping into the leaky housing tub, prices would be a lot, lot lower.
I agree 100%. There is another significant leg down in prices ahead. The current price drop is with historically low interest rates. When "real" interest rates arrive, look out.
Housing price deflation might have been worse but the banks are still not marketing mortgages like they were before 08. The monetary expansion has not been put into housing. That mainly went to aiding the public sector unions as Rush is constantly harping on - the Democrat money laundering machine.