Guess what happens at 10%? 2008 will look like a housing boom.

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Guess what happens at 10%?

2008 will look like a housing boom. https://t.co/MCBXEJOoZH

— The Great Martis (@great_martis) October 30, 2024

‼️US HOUSING AFFORDABILITY IS AN ABSOLUTE CRISIS‼️

An average mortgage payment to afford a house in the US is ~$2,800 a month, near an ALL-TIME HIGH.

To put this into perspective, at the peak of the 2006 Housing Bubble it was $1,525 or 46% LESS.

This housing market is insane. pic.twitter.com/2LBA0sIauk

— Global Markets Investor (@GlobalMktObserv) October 24, 2024

See also Does the post covid market feel more like rapid boom bust cycles rather than economic growth to you?

See also The housing bubble has definitely popped in the South and Mountain West. Midwest and Northeast likely a slower unwind. The institutionals are trying to quietly offload properties.

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