This is terrifying… massive bear market incoming??
nostr:note1g7yaevpjdc6my69jqcswq00g307saf9qa984g2eltvmy5vuz83uqh9h4qu
Discussion
Does this mean houses will be affordable soon?
No because the chart is for multi-family delinquencies (i.e. rentals)
This was me in 2009. The economy tanked. My wife was pregnant and was laid off. My business was doing very poorly. We were struggling. Mortgage dude would come to my house and be all like hey where's our money. It was a horrible point in my life.
no - not form this anyway - it’s a weird niche chart for “multi family”
This chart is misleading. It is for Multi-Family (Apartment Building) chart.
https://www.housingwire.com/articles/no-homeowner-delinquency-rates-arent-elevated/
Sounds pretty bad still …
That is a Multi Family Chart. Misleading and inaccurate
https://www.housingwire.com/articles/no-homeowner-delinquency-rates-arent-elevated/