[Zhang Fei]

Yet another reason to open up the economy. The usual suspects are seeing huge delinquency rates. But Houston? That's an eye-opener. Oil prices hitting multi-decade lows, triggering major bankruptcies in the energy space, may be to blame.

[Mariner]

Foreclosure and resale is the only right answer.

[ClearCase_guy]

Keep in mind that these extremely high delinquency rates existed well-before the COVID-19 pandemic erupted. Since March of this year, delinquency rates for subprime mortgages reversed a 10-year decline

If the reversal of a 10-year decline is being traced to March, then perhaps it is connected to COVID. If it truly happened "well-before" the pandemic, which aren't we talking about October 2019 or some month like that? Why March? March is when people were sent home from their jobs.

[mo]

All real estate - both residential and commercial- is at least 50% overvalued - meaning debt is MASSIVELY undercollateralized at this point.

[Zhang Fei]

Houston area and Texas ping

[Spirochete]

The usual suspects are seeing huge delinquency rates. But Houston? That's an eye-opener.

Houston is in Harris County, and the presiding county judge is Maoist trainwreck Lina Hidalgo.

Also, governor Abbott has turned out to be a globalist nevertrumper puppet.

[faithhopecharity]

there are some huge money players who want the realty market to crash (so they can buy up millions of units on the cheap)

many D governors are in it for the “contributions” money $$$$$$$$$.....
so at least in some states there won’t be any re=opening of the economy anytime soon

[UnwashedPeasant]

"By the morning of September 18, money market sell orders from institutional investors totalled $0.5 trillion, out of a total market capitalization of $4 trillion, but a $105 billion liquidity injection from the Federal Reserve averted an immediate collapse."
— Wikipedia article on global financial crisis in September 2008

This was a financial Pearl Harbor. This almost-forgotten event was where one party tried to crash the dollar, causing a worldwide financial panic.

This was the big October Surprise of 2008. This came shortly after Sarah Palin was named the VP nominee under McCain, and reversed the momentum of the election away from Obama in a big way.

Someone popped the bubble. And if they did it in 2008, they are at least considering it for 2020. China is also likely considering some action like this.

[AlaskaErik]

Every home in my neighborhood sells as fast as it comes on the market.

[Go Gordon]

The nation’s unemployment rate is down to 8.4%. Its the locked down liberal states where unemployment and exodus are creating the problem.

[doorgunner69]

Wife and I have toyed with the idea of a home in Arizona, but the housing market there is insane. Houses in the range of interest to us get snapped up within a day or so at double the price they went for a few years ago.. Wife says the low interest rates and people getting out of Calif are to blame.

[Varsity Flight]

Insurance-Banking Syndicate with this type of dire-alarm of the end is just a continuous Bailout signal to the bought for Congress. Motorized vehicles have also bundled so called “securities”

[TianaHighrider]

Housing prices being ridiculously inflated the past couple decades cripples families.

Some think they are so lucky to have something so valuable. But it is a farce.

Overly burdensome home prices tortures communities and individuals alike.

[sauropod]

.