The FED controls interest rates, right? And the FED is evil. House prices react inversely to interest rates because a lower interest rate causes your monthly payment to be lower, so you can "afford" a more expensive house. For instance, the monthly payment on a $500,000 house at 4% interest (avg from 2015) is $2,410. But at only 2.75% that we're seeing now, you could have a house $100,000 more for the same monthly payment.

Now - think back to the 2008 crisis. People were buying houses like crazy and the prices were skyrocketing, much like they are now. Then everything collapsed and people got fucked because they were upside down in their mortgages, they owed more than what the house was now worth. When you have negative equity, plus an economic crisis that causes you to lose your job, you get foreclosures. A lot of them.

But the people that were able to hold on to their homes back then at the low prices could now refinance at a lower interest rate now, and it's smooth sailing.

What will happen to the people buying at the top of the market now, when interest rates inevitably go back up? They will A. be living in a house no one could afford to buy at the price they paid, because higher interest rates, and B. They won't ever be able to refinance because they bought at a record low rate. So they're trapped.

Now. Add in another pandemic. Or a cyber attack. BOOM. Millions of people lose their homes again, owing hundreds of thousands more than what the home is worth. They become slaves to their debt, the banks take ownership of the homes, they're forced to rent in a shitty overpriced apartment where they can never get out from under that debt, and there you have the Great Reset.