interfering with normal market influences. In 2020 we had a period with the highest unemployment I've ever lived through, yet no one has had to sell or lose their homes. Nope, the government just gave everyone extra money through unemployment and then didn't allow banks to foreclose. Not only that, but lots of people that could pay for their homes have gotten a one year payment holiday.
Look at the corporate bond market. Many of these large companies with outstanding bonds should have lost their shirts, yet the government steps in and spends unknown trillions of dollars to prop it up.
We should have seen foreclosures and hardship, yet really I saw almost no difference (aside from some small business owners - which is a very small percentage of the overall population). Yes there are certainly some that struggled, but for our economy to come to a grinding halt and for there to be really no negative repercussions is just crazy.
In my lifetime, I don't ever recall seeing the government get so involved, and I'm very interested to see the long term ramifications of them doing all the crazy stuff they've done. Housing right now should be just barely starting to come back from a Covid decline, yet it's on fire. Who knows what will happen.