The housing market is still PRICED at 3% mortgage rates. Either people get 40% real increases to their wages or Housing market prices fall 40% — Darth Powell (@VladTheInflator) May 26, 2023 it will likely greatly overshoot in the down …
by Simian_Stacker This level of blatant corruption and global usury is frankly biblical in how unprecedented it all is. FED'S WALLER: I HOPE THE FED NEVER GETS BACK INTO BUSINESS OF BUYING MBS. — FinancialJuice (@financialjuice) May 24, 2023 $247M …
The average 30-year fixed mortgage rate heads into the weekend at 7.14%—that's a new high for 2023. Spread: 330 bps pic.twitter.com/1rwwjauNbL — Lance Lambert (@NewsLambert) May 26, 2023 This year, we've had 8 readings with a 7 mortgage rate handle. …
via dailymail.co.uk: Rent growth is outpacing increases in income across the country – adding to the financial squeeze on tenants. Average rents have risen by 134.9 percent since 1999, while incomes have gone up by 76.8 percent in the same …
2/9… home, things aren't looking so rosey. That is, the median price for all types of previously owned homes, co-ops, and condos in April saw their values fall -1.7% YoY to $388.8K, or the third month in a row of …
Consumer Price Index Housing Link: https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23 h/t Snoo66460
Upper East Side rentals head to bankruptcy auction Aulder Capital initiated foreclosure more than a year ago Two Upper East multifamily apartment buildings are heading to a bankruptcy auction next month, more than a year after a lender moved to …
by BoatSurfer600 As the data continues to pour in from other parts of Europe, it seems that the housing markets all over the continent is cracking. Germany house prices are down more than 10% from the peak. Sagar Singh LinkedIn …
The Inflation Reduction Act, which became law last August, includes $369bn of tax credits for clean technologies Companies have committed more than $200bn to US manufacturing projects since Congress passed sweeping subsidies last year The investment in semiconductor and clean …
by Charles Hugh-Smith And what happens next? Bubble symmetry: valuations fall at the same rate as they rose, declining back to the starting point over a roughly equivalent time duration. All speculative bubbles share certain traits: the abandonment of caution, the euphoria …
by Pacific2Prairie If any of you have been following certain YouTubers. You know damn well that these “empty” buildings have been empty from before the pandemic. That the horrible rent prices made these unusable places sit empty. This didn’t just …
I predict the Artificial Intelligence bubble will not end well. It's aptly named though. pic.twitter.com/Inuwf1RNM6 — Mac10 (@SuburbanDrone) April 6, 2023
CHARLES HUGH SMITH: Global Bankruptcy Already Baked In Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple. In eras of easy credit, both creditworthy …
Banks were buying a lot of properties, and now they have to sell them but nobody wants/can buy them at such high prices, and interest rates have gone up. h/t the_ivii
Although this pales in comparison to the problems with banks’ unrealized losses and bank runs, cars are one of the main pillars of the Real Economy. This problem with investors shying away from buying bundled car loan securities will hammer …
Housing Bubble is popping in Canada. Year-over-year, prices plunged by 18.5%, the largest drop in the data, according to the Canada Home Price Benchmark Index for single family houses 🚨 pic.twitter.com/EyPVup1vA6 — Wall Street Mav (@WallStreetMav) March 18, 2023
by Michael I am so alarmed by the economic numbers that have been coming out recently. I wrote about some of them in an article that I posted yesterday, and I am going to write about some more of them today. Ever …
The $1.8 trillion student debt bubble is about to burst, per Bloomberg, as after a three-year pause, payments on federal student loans are set to resume in the next six months. — unusual_whales (@unusual_whales) March 1, 2023 https://twitter.com/michaeljburry/status/1630723915235434496
The Supreme Court unanimously ruled that a woman could not use protection under the U.S. bankruptcy code to avoid paying a debt that resulted from fraud by her partner. The court said that the California woman, Kate Bartenwerfer, owed …
By Graham Summers, MBA The financial system is back in bubble mode. Everywhere you look, there are major signs of froth. 1) Investors poured $1.5 billion into stocks per day in January. 2) Meme stocks and insolvent garbage tech plays are exploding higher …
by mylizard tl;dr msft going up bc google AI was supposedly “bad” while bing’s was supposedly “good”, then investors later realizing that both were shit shows overconfidence and lack of research of many AI investors If you didn’t know already, …
Is that what’s happening ? Dotcom crush, the market rallied 20% over 3 MO before going on to fall another 30% h/t polloponzi
https://twitter.com/WallStreetSilv/status/1615106629178990603
For 2023, look out below for any regional housing market that sold more than 40% of homes to investors in 2021https://t.co/MciEKvwkIA — Amy Nixon (@texasrunnerDFW) December 17, 2022 h/t Boo_Randy
by Boo_Randy Wait until all the F*cked Borrowers who massively overpaid during the “chip shortage” let their cars get repoed, then pay cash for a replacement at firesale prices. Alright everyone is asking how to take advantage – here you …
by BoatSurfer600 That eight-month drop in the benchmark price from March of 16.4% was by far the largest eight-month drop in CREA’s data going back to 2005 Look out below!
by Charles Hugh-Smith Who believed that central banks’ financial perpetual motion machine was anything more than trickery designed to generate phantom wealth? Central banks seem to have perfected the ideal financial perpetual motion machine: as credit expands, money pours into risk assets, which shoot higher …
