TurdBomber
Active poster
economy is booming
https://twitter.com/unusual_whales/status/1739650018540503184
And we're nowhere near the bottom yet. It's gonna get ugly for most working-class people, despite the stock market rising.
Cook it.
Basically all of the data on the housing market disagrees with that statement. Rates are dropping and will be 6%, possibly just under, by April. Inventory levels are coming up.
BlackRock and other billionaire investor companies will have a great spring. The average American worker won't.
Lower % loan rates increase prices. This is why the housing market is not always a good measure of economic health and growth.
Are you talking about the housing market dropping, or the economy? There are no indicators that the housing market is going to be what makes the bottom fall out of the economy.
The Economy. The world I live and work in says so. Small Businesses - still the #1 employer by a wide margin - are closing left and right, especially restaurants, due to massive unsustainable wage and cost increases, combined with Credit Card Debt once again at an all time high, and no more free money from the government, but instead forthcoming massive collections efforts by the IRS & Treasury to claw back as much as they can. It's going to get ugly as discretionary income plummets to zero for most people.
Housing is its own sector, often divorced from reality, and not a good indicator of overall economic health.
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