Mortgage moratorium madness—three years, zero payments, taxpayer covers it all… Buffett exits real estate brokerage

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The housing market is a ticking time bomb, and most people are still in denial. FHA loans are shaping up to be the next excuse for why the market will collapse in 2025. Three years—38 missed payments—on a $682,000 mortgage in the DC suburbs, and the borrower hasn’t paid a dime. Yet, the FHA keeps cutting checks like it’s Monopoly money. Another $24,000 just last month. Another 12 months of free living likely on the way.

This isn’t just an isolated case; it’s a systemic rot. The FHA has effectively become a never-ending bailout machine, handing out $200,000 interest-free loans just to keep defaults off the books. Buffett sees the writing on the wall—he’s getting out of the real estate brokerage business entirely. Meanwhile, household exposure to equities is at an all-time high. When housing tanks, stocks won’t be far behind.