Ya think?!
>Home prices are rising faster than market forces would indicate they should and are becoming "unhinged from fundamentals." (Federal Reserve Bank of Dallas)
• exuberance
• flippers
• home price-to-rent ration
I love this last bit
>There is no reason to expect any resulting correction would impact homeowners or the economy as significantly as the last housing crash. Americans are generally in better financial shape ...
A-HAHAHAHAHAHA! And i stopped there.
>cnn.com
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The bubble has been building for a long time. Nothing goes up forever.
Zoom out
fred.stlouisfed.org
I can't tell if the bubble is in the dollar or housing. Both would look the same.
The solution is to print more money Jack
Build more homes for the poor people so the home price goes down
Free houses for homeless and people of color to diversify privileged white areas
Basic math thats the facts
We gotta do better
You know something, in my day a house only cost a price of a shoeshine at ol corn pop's jive shack. Thats the America we had before Donald Trump got in there and did the thing
Unity strength America
Build back better lets do it
>priced out zoomer cope thread #8453790
what happens after each peak?
It goes up
At some point the hopeless zoomers are going to just burn things down. It's already started in the cities.
after going down. Zoom in and you'll see
>Federal Reserve prints trillions
>Oopsy, looks like a bubble!
Abolish the fed
>what happens after each peak?
winter
This is one of those charts that's just an inflation chart isn't it
>Housing debt at the same level as the peak in 2008 after adjusting for population growth
>Credit card and auto loan debt 3x's higher than 2008 peak
Yeah everything is fine.
It's not a bubble. It's just inflation being so bad that retards think it's a bubble.
>Americans are generally in better financial shape
Also, don't you ever directly link to CNN ever again.
Luckily everyone is financially stable and they have plenty of savings to weather sudden price increases and their student loans going back into repayment
>Oops
this guy gets it
everyone sitting and waiting for the price of X to go down
You are completely misunderstanding the data. The average home buyer right now has a credit score over 700 and has a fixed rate mortgage.
>Credit card and auto loan debt 3x's higher than 2008 peak
This data surely includes renters. The poor are poorer than they've ever been and the rich are richer.
>Doesn't know 5% and lower down payments with 600 credit scores are common on jumbo loans
HAAHAHAHHAHAHAHAHAHA
but the last bubble just popped. how did another bubble form so quickly?
>Doesn't know 5% and lower down payments with 600 credit scores are common on jumbo loans
Wait, what?
What you don't realize is that all those 700 Plus credit scores are from people who just had the 2008 bankruptcies knocked off their credit reports...
People are leveraged up to their eyeballs. A single recession will cause mass foreclosures.
They were significantly worse for years leading up to 2008. The fed can buy and own property now as well. There is no crash coming. You will own nothing and be happy.
Bankruptcy doesn't destroy your credit score. In fact, if you do it properly, it can increase it. Not to mention it takes 7 years to clear and it's been 14.
Yeah, I wondered how much longer people can hang on with all their debt.
>be me, 26
>32% taxes
>13% rent
>5% food
>4% car
>46% into savings
I’ve been hoarding liquid assets as much as I can, getting ready to go innawoods mostly cash on a large plot with a small house somewhere. I wish they would dial interest rates up into the teens so people that don’t blow all their income on useless shit could buy something at a reasonable price