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Navigating the Turbulent Real Estate Waters
Exploring the impact of high asset prices on housing markets, potential rate cuts by the Federal Reserve, and the relationship between mortgage rates and housing prices. The chapter dissects the current economic environment, highlighting fiscal dominance, the surplus of money driving asset prices, and the widening gap in real estate ownership. It also ponders on the future of housing affordability, the luxury status of real estate for the wealthy, and the investment prospects in the short term rental market post-'Airbnb bust'.