Massive Bubble?
https://www.youtube.com/watch?v=6hzdFOAmVsQ https://www.youtube.com/watch?v=hJVOHyY3FmA https://www.youtube.com/watch?v=1N1Xi_M-i1M https://www.youtube.com/watch?v=brHc20Zo8Z0
The Central Bank Is Quite Happy To See Those Prices Fall
A report from The Hill. "A series of layoffs at America’s major technology companies could put pressure on local housing markets. San Jose and San Francisco are among five U.S. metros that have already experienced year-over-year price declines. Prices fell…
Any Action To Stop A Bubble Bursts A Bubble
A report from the Washington Post. "Months before the bank posted a foreclosure warning on the front door of the home that Sunya Musawwir has owned for 30 years, the D.C. government told her they would take care of everything:…
Buyers And Sellers Are Getting Used To A New Reality And They Are Leaving The Craziness Behind
A report from the Sun Sentinel. "Businesses tied to the real estate industry say they’ve started to feel the effects of the housing market slowing down in South Florida. 'It’s a ghost town,' says Bruce Gubnitsky, the owner of BG…
Traders Now Openly Talk About The Approaching ShitCo Reckoning
A weekend topic starting with The Street. "Martin Pring does an excellent job in his 1993 book Investment Psychology Explained outlining the 12 steps of how a mania or bubble inflates. 1. A believable concept offers a revolutionary and unlimited…
Properties With Blemishes Need To Be Discounted Below The Discount For Good Properties
A report from DS News. "'Homebuilders started scores of projects during the pandemic moving frenzy and are now stuck with a bunch of new houses that are hard to sell because mortgage rates have risen to 7%,' said Faith Floyd,…
It Just…Stopped!
https://www.youtube.com/watch?v=2UGymKDG1xk https://www.youtube.com/watch?v=cAl5786Z6Bo https://www.youtube.com/watch?v=-Bq565Y7vSs
We’re Doing Sticker Shock In Reverse Now
A report from Politico. "Lobbyists are scrambling to get help from Washington to goose the housing market as demand tanks in response to rising interest rates and high prices. 'Next year is going to be chaos,' said National Housing Conference…
I Don’t Think It’s A Good Idea To Buy When The Knife Is Falling
A report from Time Magazine. "Jim Ewing is an Airbnb host whose social media post about his property’s occupancy rates sparked the original viral tweet about an Airbnb bust. He’d posted to an 'Airbnb Superhosts' Facebook group about his struggles.…
The Crumbling Totems Of Hubris, Greed And Folly Will Become Scars On The Once-Joyful Hills
A report from News for Jax in Florida. "Jonathan Daugherty, a realtor in St. Johns County, said housing fallout is leading to better deals. The future homeowner can no longer afford the home, and in some cases, the buyer is…