BEWARE: Housing defaults have just hit the highest levels since 2011
This is not looking good pic.twitter.com/lFqQMxpVNt
— Game of Trades (@GameofTrades_) June 19, 2024
Here's a comparison of home prices through 23 & 24 months since cycle peaks. 2006-08 vs 2022-24 on left. On the right is months 25 and on of the 06 cycle. pic.twitter.com/2HaQNUW8xo
— Mr.Awsumb (@MrAwsumb) June 20, 2024
Since the Great Recession, when builders went bankrupt by the hundreds.
People, this one is going to feel a lot like 2008, I’m afraid. t.co/lKxfMb2lJV
— Uncle Milty’s Ghost (@his_eminence_j) June 20, 2024
Nothing even close to a recovery, Liz. Review the last housing crash. It took 4 YEARS for prices to bottom out even after the Fed started cutting rates.
You’re all going to be surprised how slow the recovery is. Investors always are. t.co/UIzXk5Zm0z
— Uncle Milty’s Ghost (@his_eminence_j) June 20, 2024