at some point if there is some kind of deflationary event, which seems not that improbable in my worthless opinion.

True, it does seem that COVID brought in a bunch of folks from more repressive states. I get that inventories are tight.

But you cannot ignore the craziness of what is being described in this thread. FOMO behavior that we are seeing. FOMO is by definition, If I don't buy a house now, I'm screwed, I'll be poor forever paying rent to someone else, hurry!

I feel so bad because this can be super discouraging. Utah may not be impacted as much as some places, but trees don't grow to the sky. Bubbles pop. Always. Law of economics.


- The QE cycle that started in the ashes of the Great Financial Crisis is over.
- The Fed has said they are serious about inflation. 7 rate hikes in the next 2 years. That would raise rates by around 2%. Going from 3% mortgage rates last year to 5.5% or so in the next year or so would tank the economy and housing prices. Powell said he is willing to go Paul Volker and tank the economy to get inflation under control.
- upcoming recession will not likely be met with a bazooka QE package while they are taming inflation in the next year or two.

When the economy finally resets for the next QE cycle, there will be opportunities. Real Estate prices pop in slow motion compared to stock markets. Be patient. Be open to different approaches.

Or, just make lots of money somehow. That is always a good strategy.