COVID and the Housing Market

In my opinion, it was the excessive stimulus money that was printed during the pandemic that just fueled an asset bubble in everything. And this time around, we saw different forms of speculation than we saw in the first housing bubble. Airbnb did not exist back in 2005 but that's a whole new speculative vehicle for housing that's come up in this cycle. It really triggered full on speculation in the housing market and I think it was the speculation that changed the dynamics of supply and demand.

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