Biggest housing bubble of all time

[scruffy]

Bigger than 2006.

Yikes.

If you're flipping houses this is the time to sell.

Otherwise you might get stuck with mortgages and no tenants.

Housing Market In 'Biggest Bubble Of All Time,' Warns Reventure CEO: 'This Situation Is Not Sustainable'

The U.S. housing market is under renewed scrutiny, as some experts warn of an unsustainable bubble that could rival or surpass the infamous crash of 2006.Nick Gerli, CEO of Reventure Consulting, sounded the alarm on X, formerly Twitter, pointing to inflation-adjusted home prices that have soared...

finance.yahoo.com

 

[TroglocratsRdumb]

I hope that we don't have another Democrat Great Recession

 

[DGS49]

I'm no expert, of course, but from what I see around me, buyers are using extraordinary means of paying inflated prices coupled with unusually high interest rates - borrowing down payment money or getting it from parents. The factors that are inflating "starter home" prices are artificial. Residential contractors are getting away with highway robbery, but that does create opportunities for people entering the business.

A retrenchment would benefit as many people as it harms.

 

[1srelluc]

 

[excalibur]

See: I n July, a record-breaking number of homebuyers have pulled out of deals, leaving sellers in a difficult spot. This unprecedented wave of contract cancellations has shaken the real estate market, creating uncertainty for sellers who now face unexpected challenges. As this trend threatens to continue throughout the year, homeowners and real estate professionals must brace themselves for what could be a turbulent time ahead. Dive into the numbers, explore the underlying causes, and discover what this means for the housing market moving forward.

 

[SassyIrishLass]

Warren Buffett is selling off stocks, huge numbers. He knows something

 

[Manonthestreet]

Gee not everybody wants a cheese box for 350 who's a thunk