Will The Fed Pop The Housing Bubble?

Some members of the Feds open market committee are finally recognizing that low interest rates have created a housing bubble that itself poses great risk to the stability of the broader financial system. In response, these members seems to support a tapering of the Fed's purchases of mortgage backed securities, which could get real ugly for the housing market, real quick. Additionally, I discuss some more about reserve repos.

https://www.longtermtrends.net/home-price-vs-inflation/
https://www.zerohedge.com/economics/fomc-minutes-show-fed-ready-taper-earlier-anticipated
https://www.zerohedge.com/markets/zoltan-sees-reverse-repo-hitting-2-trillion-weeks-what-happens-then