Not looking good… Coinbase: 1100 layoffs Redfin: 470 layoffs Compass: 450 layoffs https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html https://www.bloomberg.com/news/articles/2022-06-14/compass-to-cut-about-10-of-workforce-amid-us-housing-slowdown #layoff
This is just the beginning. Wait until companies start to file bankruptcy
True, but relative to last month that had like 15k layoffs or something it’s still significant. Might not even be the final total number for today…
This is just the tip of the iceberg.
Nice looking for a 5 million house now. Hoping for it to drop to 3 million
I doubt that people who got laid off owned 5m houses.
High end homes aren’t going to take a hit.
Getting flashbacks to March 2020 again
This will be worse, don’t expect a quick snap back
This will be more like 2008 or 2000.
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