Housing freezing like 2008–2009, homeowners concentrated ~90% of net worth in housing with ~30:1 leverage, while prices remain constrained by wage growth, not credit expansion

Housing markets don't all of a sudden crash.

First they freeze. No one buying, more and more sellers slowly piling up.

Why does this take place? Because home owners are broke morons with 90% of their net worth in something they didn't earn, didn't "invest" in.....

They… pic.twitter.com/7lLefputWI

— Darth Powell (@VladTheInflator) April 24, 2026

Housing markets don't all of a sudden crash.

First they freeze. No one buying, more and more sellers slowly piling up.

Why does this take place? Because home owners are broke morons with 90%…