JUST IN: 🇺🇸 $698 billion worth of homes are for sale in the United States, a new all-time high.
Discussion
States, are 🇺🇸 worth high. all-time United a JUST $698 the IN: billion for sale homes in of new
They are only "worth" those very many billion because the traded volume is low and the traded volume is low because the prices are kept massively inflated. The low RE volume also betrays how hostile the US is to working-class families, that don't buy housing as speculative vehicles, but to, you know, live in.
... though that's certainly not only the US.
There will come another housing crash, and I don't know if it'll start in three months or three years. But I suspect its closer to the former.
Best prepare.
#markets #re
Someone put their mid terrace 3 bed up for sale in Southern California?
Pump and now dump?
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Curious if this is in nominal or real terms…
