Pin the tail on the #housingbubble pic.twitter.com/OFhAsmRQzP
— OW (@OccupyWisdom) September 24, 2018
#Lumber prices collapse
Drop in nominal #dollar terms (-$300 since the May 2018 record of ~$648), a rapid 46% decline.
A ~70% decline occurred during the first #housingbubble (high of around $460 in 2004 to low of $137 in 2009) over 5 years, not four months
HOUSING BUBBLE 2.0 pic.twitter.com/zABzXtcr1T
— OW (@OccupyWisdom) September 24, 2018
#HOUSINGBUBBLE 2.0
Sounds like a burst to me.
Tick
Tick
Tick
Tick pic.twitter.com/cvKI5gzKby
— OW (@OccupyWisdom) September 23, 2018