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There Are 630,000 More Home Sellers Than Buyers—the Biggest Gap on Record (www.redfin.com)

submitted 6 days ago by cm0002@toast.ooo to c/usa@midwest.social

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[–] SlippiHUD@piefed.social 2 points 6 days ago (7 children)

I'll probably be underwater on my house when it all collapses, seeing as I bought 3 years ago. But hopefully it'll help some other actual human beings.

[–] Corkyskog@sh.itjust.works 5 points 6 days ago* (last edited 6 days ago) (6 children)

Won't happen anytime soon, real estate market isn't crashing before the general economy collapses. Once the stock market gets hit money will naturally flow into the real estate market. There is no other safe place to store money, bond markets fucked, crypto over valued, precious metals over valued, foreign markets are in just as much if not more trouble too.

Hang on to that mortgage as hard as you can, because when Warsh causes hyperinflation that will be your payday.

[–] SlippiHUD@piefed.social 1 points 6 days ago

Yes, the market can stay irrational longer than you can stay solvent.

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