@Hoss @ba2883fb4a7f62cb851b9f5411659791cffb2e3fc8b90f683ee5091f413880a1 Normal world: People can’t buy house, house unsold, price comes down. Inability to sell forces developers to build affordable homes. Product becomes affordable, people buy.
Usury world: People can’t buy a house. Ask bank. Bank wants them to buy big new build. Big house sells. Developers built bigger house. Bank approves bigger loan. People go into debt buying homes bigger than they need, that they don’t want.