The mainstream media will do all it can to suppress what is really going on until after the Nov election - then they will have no choice but to get the bad news out as quickly as they can, and then 1.5 years later show how much better things are right before the 2024 election.
Rinse and repeat as necessary.
Unfortunately, dumb ass voters will save the Democrats.
Incoming housing bubble of 2008 2.0?
Black Rock still wants to buy your house and make us a nation of renters.
I’m sure I’m missing something.
I own two houses on acreage in Hawaii with ocean an mountain views.
I’d be happy if the accessed value of my place dropped to ZERO.
I’d have a place to live and no PROPERTY TAX.
what is wrong with you people?
Say builders and suppliers no longer living the dream brought to them at the expense of many others.
Life is great when you can only publicize your bias.
It’s tough when materials are up near 40%, tougher still when you can’t get workers to the job sites, tougher still when interest rates are rising.
The only thing they have going for them is a housing shortage.
Dying-or-going-in-assisted-living Boomers are going to continue to add houses to the available supply for the next decade at least, so it will be a long time before there is another housing boom.
It could well be like the 60s, where housing prices stayed the same because all the GIs had bought their homes in the 50s, and all the FDR generation was dying and leaving their old homes to children who didn’t want them.
The housing market needs to give up the silly gains of the last 2 years. All that fake “wealth” is going to go poof.
“ Not to worry. Abortion will save the rats. (S)”
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I know your comment was meant as sarcasm but DUPLICITOUS SABOTEURS such as LINDSEY GRAHAM are actually intent on trying their best to make that a reality.
If that "prominent economist" was legitimately certain of that statement, he'd be named.
The Fed is in a panic. Inflation not coming down, the calc was rigged to include fuel to get a measly reduction from 8.5% to 8.3% and price increases are showing no signs of letting up. Ever.
So what's the Fed to do? Crash the economy. Jobs be damn'ed, the economy's gonna go right into the crapper in the name of squelching inflation. Kiss your 401K's goodbye, kiss your jobs goodbye, kiss your ability to purchase anything goodbye.
If you think the labor shortage is bad now and prices are high, just wait until the layoff's start and there's even fewer people to make anything.
Won't matter how much prices "fall" when there's nothing to buy in the first damn' place.
In under 2 years, we've gone from a world-class economy to Venezuela under Dementia Joe.
Don't thank a Biden voter, punch the dummies right in their damn' mouths.
Buying a home in the very recent past should have only been done with a VERY low down payment. In states with no recourse laws, a buyer might be able to negotiate a very significant reduction in their mortgage balance
only 5 sales last month in 1500 house development
usually at least 25
prices dont dip much just slow sales
too many govt employees
Home prices will drop by 25% to 35% when the bubble bursts.
Jimmy Carter II.