Federal Reserve Economist: Housing market is indicating a recession start in 6 months

Jul 2, 2019 28 Comments

Buckle up everyone, it is about to get turbulent. Good news: it is not going to be as bad as the last recession. Bad news: all asset prices are going down soon.

https://www.cnbc.com/2019/07/02/home-sales-point-to-recession-in-late-2019-or-2020-fed-economist-says.html

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 TOP 28 Comments
  • Be greedy when everyone’s fearful
    Jul 2, 2019 3
  • Dell
    //////

    Go to company page Dell

    //////
    Shitttt... i recently bought a home after stretching a lot more than i could afford
    Jul 2, 2019 10
  • New / Other
    DuQvV7y

    New Other

    BIO
    Did stuff. Hustled hard. Retired
     DuQvV7y
    The problem when people use the last recession as a benchmark is that it wasn’t simply a recession, it was a credit crisis.

    I’ve lived through several recessions. I’m hoping to live through several more.
    Jul 2, 2019 1
  • Workday
    wdaylife

    Go to company page Workday

    wdaylife
    But what about all the millionaires coming in west region from the IPOs. They are gonna buy all these houses and make it a sellers market.
    Jul 2, 2019 2
    • Yahoo / Design
      getAway

      Go to company page Yahoo Design

       getAway
      Yep. Like they will!
      Jul 2, 2019
    • OP
      IPO millionaires are a small portion of the total buyers. Also, their target house prices are different as well (1+ Million). The economics of that segment is quite different than entry level.

      1+ million houses are selling for 150-250 below asking price right now with hardly any offers for a while.
      Jul 2, 2019
  • AmOne
    MrGatsby

    AmOne

    MrGatsby
    Looking forward to it - a chance to gain assets at pennies on the dollar.
    Jul 2, 2019 0