So we keep the lower inflation that's making housing prohibitively expensive and we'll churn up higher interest rates when folks have recovered from this years' abuse and might actually be able to buy something.
Blackrock is buying homes at above market rates.<p>If interest rates go up, home values crash.<p>So one of three things is true:<p>- Blackrock knows something you are not being told.<p>- Blackrock is stupid.<p>- Blackrock is being told to buy homes and that their losses will be covered.<p>Whatever else I think of them, I do not think Blackrock is stupid.
I thought inflation was a bad thing? From this article it seems everyone is avoiding the dangers of inflation, and instead opining that everything will just....work itself out. The Fed has become too politicized, so I'm deeply suspect. I have the impression, perhaps not entirely correct, that this is the same fed that has missed and bungled many of our recent financial crisis.