Marking to market is a good idea, but beware of the unintended consequences of good ideas.
This article makes the same point, and many others (about Fannie and Freddie, about the repeal of Glass-Steagall), very well.
Inflation Adjusted House Prices 1.7% Below 2022 Peak; Price-to-rent index
is 8.8% below 2022 peak
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Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted
House Prices 1.7% Below 2022 Peak
Excerpt:
It has been 19 years since the housin...
57 minutes ago
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