A scenario where the Fed cuts interest rates due to a recession could lead to increased housing market investment, widening the wealth gap and potentially making homeownership unattainable for most, leading to a 'renter nation'.
"if the Fed cuts interest rates and we go into a recession, if so, our economy slows down, the Fed starts cutting interest rates, mortgage rates go back down, you're going to see a bigger flood of cash into the housing market and that will create a bigger wealth gap and it will make it significantly more difficult for the regular person to buy a home. Home ownership will become a real American nightmare because you will not it will be so difficult for the regular person. It will turn into essentially a renter nation."
