Things Are Starting To Break
https://www.youtube.com/watch?v=TcC7AMwKIYw https://www.youtube.com/watch?v=DWXKQ29FTQ8 https://www.youtube.com/watch?v=KiKORrPMGFQ https://www.youtube.com/watch?v=DLLGpyxugls https://www.youtube.com/watch?v=0nffcjFHrtI
This Final, Terribly Overheated Period Could Not Be Sustained And A Market Correction Ensued
A report from the San Francisco Chronicle in California. "After skyrocketing during the pandemic, home prices in San Francisco have been declining in recent months at faster rates than in other parts of the state and country. Typical home values…
Now Not Only The House Is Gone, But The Downpayment Is Also Gone And Owe A Lot Of Money To The Bank
https://www.youtube.com/watch?v=6JSMH7G5-H4 https://www.youtube.com/watch?v=1Fx6bDjH5x8 https://www.youtube.com/watch?v=eLywvF5jHdU
People Have Used Their Homes As ATM Machines
A report from Reuters. "Shares of U.S. regional banks fell premarket on Thursday, hurt by a 37% slump in PacWest Bancorp after its announcement about exploring strategic options including a potential sale or capital raising, after a liquidity boost announced…
Ponzi Or Pyramid Scheme?
https://www.youtube.com/watch?v=-P_BpLXSQy0 https://www.youtube.com/watch?v=edbagTAXvLk https://www.youtube.com/watch?v=tdtu9QKXiK0 https://www.youtube.com/watch?v=DFUUIblrgwc https://www.youtube.com/watch?v=N8IzEYRKZ0I
Almost Always The Root Cause Of Systemic Risks Is Monetary Policy
A report from Go Banking Rates. "What goes up must come down. The market’s downward shift is most apparent in the properties on the high side of the median. According to Redfin, luxury home sales fell by a record 45%…
We’re Seeing Almost 20% Off
https://www.youtube.com/watch?v=Y5nmVGkr7Dg https://www.youtube.com/watch?v=0NlR_AtBAtw https://www.youtube.com/watch?v=l7IOB5YozIo https://www.youtube.com/watch?v=PvN4ttyLc-E
A Bellwether For The Value Destruction
A report from CBS News. "First Republic Bank's stock price continued to plunge Wednesday. After shedding half their value on Tuesday, First Republic shares tumbled nearly 30% to close at $5.69, with the New York Stock Exchange halting trading in…
All Those Big Spenders Disappeared
https://www.youtube.com/watch?v=Ep79vs5jvQI https://www.youtube.com/watch?v=9Rug-LBXt30 https://www.youtube.com/watch?v=2CVS6_IXmlQ https://www.youtube.com/watch?v=k19ELExKar8 https://www.youtube.com/watch?v=yldv0RZiSjc
The House Price Slip Has Become A Slump
It's Friday desk clearing time for this blogger. "Seattle-area home prices dropped again in March. The median single-family home in King County sold for $840,000 in March, down about 10% from a year earlier, according to the Northwest Multiple Listing…