The market is decidedly different.I am NOT an economist, but it’s nearly impossible to see how housing would drop anything like it did in 2008. The fundamentals are far different. I wish this chart was indexed for households. By any measure, the last decade saw a housing deficit of around 4-5M homes. There‘s no available slack in housing. The supply/demand dynamic is markedly different than 2008.
View data of the total number of new privately owned homes that began construction in a given month, used as an indicator of economic strength.fred.stlouisfed.org
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We now have 9% inflation, a world wide pandemic, WW3 starting, world starvation, 6% interest rates going to 10% asap, feds liquidating $5 trillion in assets, $30 trillion national debt, China going to invade Taiwan, 2 million more illegals, rule of law being ignored, Kardashian show might not get renewed, WE NEED A BIGGER BOAT
I think the liberal created doomsday clock is broken. Nice huh?