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    The American housing market is entering its death spiral. 2 million sellers fighting over 1.3 million buyers. Prices haven’t adjusted yet.


    Housing Bubble 2.0 is bursting, & the wipeout of fake “wealth” created by the Fed’s 16-year gusher of QE funny money “stimulus” is going to be epic. Got popcorn?

    https://i.redd.it/fvurte4fuw0h1.png

    Posted by Boo_Randy_Revival

    6 Comments

    2. shitchopants on

      Is it a bubble or a reflection of an odd situation in the market. Traditionally, a majority of the homes on the market are “theoretically” priced to sell in their given market and that given time.
      However, the amount of people that have put their homes on the market at inflated prices with the thought process of, “I’ll move if someone wants to pay X amount”.
      When I was younger those houses sold because someone came and made that, “offer I can’t refuse” out of pure luck…but with the current way in which you can market your house, people seem to be making the number known to any potential buyers.

    3. wjbc on

      The American housing market is adjusting gradually and it’s likely to be a correction, not a crash. Maybe in some isolated areas that overbuilt it will look more like a crash, but it’s not going to be anything like 2008.

    4. SXNE2 on

      We still have a shortage of housing. There’s no crash just a slowdown in the housing market in overpriced areas. Move along.

    5. annon8595 on

      People: “But everyone says housing is expensive because of sHoRtAgE im just repeating whatever else others are saying. End of story lets talk about next distraction”

      Reality: wages havnt kept up with home prices for DECADES

      Americans are conditioned to never talk about wages.

    6. Eating_My_Popcorn on

      I think there’s room to correct further. There’s a shortage of houses at prices people can afford. Lots of sellers out there who can be patient waiting on the hope of an offer that can allow them to upgrade. The reality is rates need to drop for that to happen. It’s all about payment and we still haven’t seen prices adjust to current interest rates to bring payment back in the range of affordability. Once we start losing jobs in a significant way, the market will give. No room for patient sellers when they don’t have jobs to afford the house payment.

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