LynAlden on Nostr: Back during the subprime mortgage housing bubble, house prices increased at a much ...

Back during the subprime mortgage housing bubble, house prices increased at a much more rapid pace than money supply.

But in this more recent pandemic-liquidity house price surge, it has come with a lot of money supply growth.

That's part of the reason I'm not too bearish on house prices in nominal terms. I think a lot of those prices are going to grind kind of sideways for a while as other things run hot.