The billionaires have sold lot of stock this week. Stock market all time high and pending correction. The housing market will šÆ crash shortly. Be liquid and be ready. US will be in recession, itās impending. Time to buy those homes with all cash offers once the market dips out #mortgage #housing
I have a gut feeling that worse is yet to come as you said. Hopefully everything will be fine soon.
Recession was cancelled brosef
Sorry I didnāt see that cancellation email.
We just redefined it...not canceled
I hope this isn't happening. Bought my house at 1.4 Million in the Seattle Suburbs exactly 2.5 years ago and it's already down 300k. I'm on H4 and wife's company is talking about layoffs. I'm absolutely scared. Should we even stop paying the mortgage? If we need to leave the US then we'd have to pay 100k to get rid of the house.
LM Space is even laying off up to 5% this year. Potentially more. You know itās bad when defense is laying off
We shouldnāt have to rely on property as a wealth transfer and accumulation mechanism. But we do in the US. And doing so keeps us locked into a labor pool with the threat of homelessness only a few paychecks away. Which makes living in amazing cities super tough. :(
Keep dreaming rajesh
I agree with OP. Even houses in rural America are approaching crazy high costs - Iām talking places with $40k median HHI where most people are working at an automotive supply factory or mobile home factory. Places 3-4 hours away from places blinders would consider desirable locations. Those prices arenāt sustainable.
Yeah, this is what tells you weāre in the mother of all bubbles. And Iāll correct you: Many of these houses are 2+ hours from cities that blinders would consider no-go zones that in turn are 2+ hours from a city they might begrudgingly consider if they couldnāt go somewhere desirable. Thatās how broken the US housing market is today. When places like that have median home prices north of $350k, itās absolutely unsustainable.
100% agree with you š Iām from rural USA and that is exact description of where Iām from. I still have friends and family back home. Most people still making barely anything working at one of the three local factories but somehow home prices are around half a million. And the populations in these places are stagnant or dropping as people leave for urban areas. I follow the houses in my home region since Covid bubble began. Many homes nowadays are sitting on market for months and getting price cut after price cut. Curious to see what the future holds.
weekly housing crash on Blind comes early this time
Housing is about to go through the roof. Too many people delaying buying a new house and not delaying life events. Life events push people to buying homes. Everyone is cooped up in something too small, grasping to historically low rates, but wanting to move. The moment rates come down is the moment this market goes absolutely bananas. The US wealth gap will widen. Men will become peasants.
Housing won't crash opportunity is cash, offmarket now. Commercial will go down and might crash. Stocks are unclear with optimizism priced into large and growth. Small are still depressed.
Lmao hell no
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Where are billionaires investing if not in stocks?
New business ventures?
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