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 …