"Prices out of reach". Read: There is not enough money in the system able to be earned by providers of goods and services so as to facilitate mediation of actual supply to actual demand.
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Very sophisticated way of saying this. But simply speaking it's just that home prices have decoupled from incomes and people need to take out ever more debt to buy homes which becomes increasingly difficult given rising mortgage rates...
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This is because the credit contraction part of the intentionally induced "business cycle" is replacing the credit expansion part. Same age-old trick already used by the Babylonian moneychangers. Will there be a modern Kind Hammourabi to forgive all debts?https://www.telegraph.co.uk/finance/economics/11383374/The-biggest-debt-write-offs-in-the-history-of-the-world.html …
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