While I’m sure it’s less than ideal, I would not describe the temporary inability to swap out a valuable asset for an equivalently valued asset as a tragedy.

this is (no joke) why The Fed wants to engineer a recession

job losses will trigger home sales by necessity, and the great mass of people with 3% mortgages will be unwedged by force

same thing happened after 2008...the recession pushed people out of the best mortgages they ever had

> this is (no joke) why The Fed wants to engineer a recession

No it doesn’t. The Fed wants home values to go down. That can occur without job losses. (Which even now, largely aren’t occurring outside tech.)

connect the dots...and the people holding up the jobs numbers (Target, Costco, Chiptole) don't own homes, even in Kentucky