During COVID, the Federal Reserve spent $1.3 trillion on mortgage-backed securities, causing home prices to rise sharply. This made housing unaffordable for younger generations while benefiting older ones. A housing price reset is expected soon, which could help millennials buy homes and boost the economy.
ORIGINAL LINK: https://lionessofjudah.substack.com/p/edward-dowd-during-covid-the-fed?triedRedirect=true







