The Disaster Unfolding For Sellers
https://www.youtube.com/watch?v=hGgIEce4JLE https://www.youtube.com/watch?v=G6p76SNKDeg https://www.youtube.com/watch?v=SD3F2SNYXQQ
The Pressure To Pay Interest Every Month Has Turned Our Hope For A Big Profit Into A Time Bomb
A report from Axios Denver in Colorado. "As the market settles, so will the 'record-breaking appreciation homeowners have been spoiled with,' realtor Jeremy Kane at eXp Realty anticipates. 'This will feel like a pull-back or a loss in value, when…
The Craziness Will Go Down In History As A Once-In-A-Generation Boom That Was Not Sustainable
It's Friday desk clearing time for this blogger. "In June 2021, when the cryptocurrency markets were soaring, the developers of the Arte condominium in Miami’s Surfside neighborhood announced that a buyer had purchased a penthouse there for $22.5 million in…
The Allure Of Easy Money Never Fades, Especially For Those Who Benefit The Most
A weekend topic starting with Business Insider. "Prepare for house prices to slump, unemployment to spike, and the US economy to slip into recession, Kenneth Rogoff has said. The Harvard University economist issued his dire outlook during a Fox Business…
Homebuilders Are Now Stuck With A Bunch Of New Houses That Are Hard To Sell
A report from Yahoo Money. "About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60%…
If We Have The Everything Bubble, You’re Going To Have The Everything Bust
A report from Mansion Global. "As the market shifts, home buyers are getting bolder. 'My advice now is to ask for everything,' said Ben Stern, managing broker of Buyers Edge Co.’s Dupont Circle office in Washington, D.C. 'In less-competitive neighborhoods…
Builders Are Racking Up The Staggering Cost Of Inventory And A Possible Foreclosure Wave Could Hit
https://www.youtube.com/watch?v=0YT9_jVGdZo https://www.youtube.com/watch?v=6dFS_-T2hps https://www.youtube.com/watch?v=ZQgV3UrA0MY https://www.youtube.com/watch?v=IhsffEHi3LI
This Home-Loan Crater Is Deeper Than Anything We Witnessed During The Bubble-Bursting Housing Meltdown Of The Mid-2000s
A report from the Colorado Springs Gazette. "Sellers are slashing asking asking prices on hundreds of homes for sale in neighborhoods throughout the Pikes Peak region. Price reductions of thousands and even tens of thousands of dollars are common, Realtor.com's…
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…
Obviously FOMO’d In And Wearing The Consequences Of That
A report from KVVU in Nevada. "Homeowners throughout the Las Vegas Valley in brand new homes say they’re dealing with ongoing problems that range from small to major. Doug and Sue Perns moved into their new home in September of…