#1) Wage growth. How do you make more money? Get a new job and move! Problem: Everyone has these golden handcuff mortgages. 2% to 7%. Moving would actually cost people more per month that the extra wages
#2) Wage growth through WFH. This path is currently so crowded that few have a chance. Hopefully once a few office mortgages are done and boomers with office fetishes die, more jobs will move this way
#3) Deflation. Makes economist immediately shout “But people will hold off purchasing things until later, making the economy worse!” The average car age is at a record high. Everyone is holding off on housing. There is word of groceries payment plans on installments. People already are holding off for later.