Stack cash. Your boys is buying some property soon.

Huh.

I guess their demand destruction ISN'T JUST killing jobs.

It's amazing how poorly manipulating people's ability to afford housing can go.

The numbers are one thing, but the sentiment that I'm feeling from my friends in the real estate industry is TERRIFYING.

Things are right on the cusp of breaking and jobs are about to get lost.

I have no idea what will happen to the markets, but the industry constructed on top of the crazy home sales volume is on the brink.

“Only a banker would consider a mortgage a luxury” -something I overheard the other day

Thanks for posting this. One thing I'd like to see more of on nostr is more market data

Time to buy the housing dip!

Who could have predicted it?

Not sure how I feel about that. I own mine and I'm not selling it. My children all own their own also. But I worry for others who may be less fortunate.

Bitcoin probably fixes this somewhen.

Wait until commercial RE falls off a cliff. All models have been based on growing rents and low vacancy. They are not ready for years of declining/stagnant rents. The cracks are everywhere

There’s no way the Fed lets this continue long term. Interesting to see how this plays out in the next two years.

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First time buyers can’t afford higher rates; selling doesn’t make sense for current owners with low rates. Best cast is Blackstone’s home portfolio gets squeezed.

Wow, even lower than the post-GFC drop!

Tough luck for first time home buyers. Something has to give in, home prices, mortgage rates or income goes significantly up. Technology continues to push cost of new houses down but slowly. It will be interesting to watch.

Next QE spin up, home prices are going to 🚀