Well this is alarming
Home builder spec inventory is reaching insane levels and the 2008 housing bubble peak isn't far off
Remember a "spec" home is a home constructed without a buyer ready, with the intention to sell at completion or during construction pic.twitter.com/KQ7fJ89VdU
— Michael Burry Stock Tracker ♟ (@burrytracker) January 6, 2025
Phoenix Arizona is starting the year with over 300% MORE homes listed for sale than 2021.
— Darth Powell (@VladTheInflator) January 6, 2025
⁉IS S&P 500 OVERDUE FOR A CORRECTION⁉️
US stocks have experienced an average 16% annual drawdown over the last 100 years.
In 2024 and 2023 maximum drops were 8% and 10%, as volatility was subdued.
In the past, 3 consecutive years without a 10%+ correction has rarely happened. pic.twitter.com/hCFnG6d3nl
— Global Markets Investor (@GlobalMktObserv) January 6, 2025
The moment the rich get a little taste of capitalism (30%+ crash in asset prices) the government will flood them with bailouts until they're made whole.
This is a certainty.
— Darth Powell (@VladTheInflator) January 6, 2025
US homelessness hit a record high in 2024, per Bloomberg.
— unusual_whales (@unusual_whales) January 6, 2025
Sources:
https://www.foxnews.com/real-estate/us-housing-market-speculative-inventory-spikes-2008-levels
https://www.dailywire.com/news/homelessness-in-us-hits-record-high-in-2024
https://www.washingtonexaminer.com/news/homelessness-hits-new-high-amid-housing-crisis
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