Meanwhile, the Fed’s policies have made billionaires richer while the rest of the country is stuck. Housing Bubble 2.0 isn’t just slowing. it’s unraveling in plain sight. Lumber prices crashing is just the tip of the iceberg.
Builder supply at nearly double the long-term median is screaming recession. History doesn’t lie: 5 of the 6 times we’ve hit this level, the economy tanked.
WSJ: Nobody’s Buying Homes, Nobody’s Switching Jobs—and America’s Mobility Is Stalling
The paralysis has left many people in houses that are too small, in jobs they don’t love or shackled with ‘golden handcuffs.’ For everyone, there are economic consequences.
