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this post was submitted on 20 Sep 2023
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I agree completely. There is no quick, easy, silver bullet for this.
But it is a bit of a problem if the lobbyists are actively positioning all of our politicians to keep things as they are.
There is a slow, easy, silver bullet, though: Waiting. The cure for high prices is high prices.
In fact, it's pretty clear that the housing market already crashed in 2022. Just look at the data:
It even features the classic dead cat bounce โ the surest sign of all that a market has crashed. All we have to do now is wait for the market to find the bottom.