The Housing Bubble Popped, and the Fed Can Let it Rip

Raging inflation knocked out the “Fed put,” and banks are no longer on the hook for mortgages; taxpayers and investors are. By Wolf Richter. This is the transcript of my podcast on Sunday, Oct 30, THE WOLF STREET REPORT. So we have a weird situation. Not weird actually. Just reality. After mind-boggling ridiculous spikes, home prices…