https://twitter.com/leadlagreport/status/1623030861141577742
The default cycle has begun. Several large land bankers in Vancouver have filed for bankruptcy, unable to refinance their loans now that the music has stopped.
— Ben Rickert (@Ben__Rickert) February 7, 2023
The average home is STILL selling for almost 10x the average income!
Home prices can remain expensive for 2-3 years, but home prices are still clearly in bubble territory.
Eventually, gravity always wins… pic.twitter.com/UsQawLx5mF
— Eric Basmajian (@EPBResearch) February 7, 2023
Housing availability is at *worse* levels than before the Great Financial Crisis.
An entire generation of people are being priced out of the American Dream. pic.twitter.com/XIfyYj485F
— Markets & Mayhem (@Mayhem4Markets) February 7, 2023