Friday, May 6, 2022

The Great Real Estate Crash of 2022/23

I know it seems quite unlikely to people who have been struggling to buy a home that a real estate crash is possible, but I assure you that one is not only possible but has already started. How do I arrive at this conclusion? It’s partly from data, part deductive and part inductive. Also, this isn’t my first rodeo. I was front and center in the 2007/08 real estate crash and was one of the earliest analysts calling for a housing bust. It was just too obvious. NINJA loans, Vegas hairdressers with 19 homes bought with extreme leverage, and the