The house that was in Boise that was built in 2021 and the rent has been dropped 20% is at this link. https://www.zillow.com/homedetails/1724-S-Michigan-Ave-Boise-ID-83706/331268680_zpid/
Mortgage interest rates hit 7% and then pulled back a little bit but we have to prepare for 9-10% mortgage interest rates. They are trying to fight inflation but gas prices are flying high again in California. These central banks are suddenly in a bad position because there was so much out of control printing that the only thing they can do is raise interest rates but then that will cause so much pain that they will have to print more money to try to keep the torches and pitch forks at bay. It ends up being this back and forth, back and forth thing, that will kick the can further down the road but at some point everything has to get crushed and get reset.
It is like the crypto market except a longer time frame. Crypto is a microcosm of the full economy. The crashes happen in a very similar way except in crypto the pumps are crazier and the crashes are back breaking.
