This chart is a useful basic description of why the real estate bubble of 2021 is quite different than the one from 2006.
2006: House prices had grown way faster than money supply.
2021: House prices had grown in line with money supply.
nitter.moomoo.me/jessefelder/status/1690051616890859520#m (https://nitter.moomoo.me/jessefelder/status/1690051616890859520#m)
https://nitter.moomoo.me/LynAldenContact/status/1690091468419948545#m