This is the flip side of the US achieving a “soft landing”, bringing down inflation without triggering a recession. Not having a recession is good, right? Yes, in the main, but one consequence is that asset prices, including housing, will remain elevated for the foreseeable future. These tax credits that Biden’s proposing amount to no more than tinkering around the edges of the basic economic situation, at best. At worst, they could ruin the Fed’s inflation-fighting campaign at the last stretch.
Didn’t the housing prices drop during a recession? It really feels that politicians have their own lingo. When people call something “bad” it actually means good; however, when a politician call the economy “good” it really means bad.
This is the flip side of the US achieving a “soft landing”, bringing down inflation without triggering a recession. Not having a recession is good, right? Yes, in the main, but one consequence is that asset prices, including housing, will remain elevated for the foreseeable future. These tax credits that Biden’s proposing amount to no more than tinkering around the edges of the basic economic situation, at best. At worst, they could ruin the Fed’s inflation-fighting campaign at the last stretch.
A healthy economy is no good if you get evicted. If too many people get evicted then the floor drops out of the housing market. Again.
Didn’t the housing prices drop during a recession? It really feels that politicians have their own lingo. When people call something “bad” it actually means good; however, when a politician call the economy “good” it really means bad.