The New CS Board

[jumanji0881]

The Housing Bubble Is Even Bigger Than The Stock Market Bubble : https://www.zerohedge.com/markets/housing-bubble-even-bigger-stock-market-bubble

My comment: Housing is insane. RE analysts argue that housing is not in a bubble because it's not like 2008 when anyone could get a loan. But the fact of the matter is that anyone can get a loan with as little as 3% down and mortgage rates below 3%. At some point housing will crash. There are a lot of homes in forbearance now due to the pandemic. When home buyers lose their job, there will be a lot of houses on the market at much lower prices. All thanks to the Fed.

Excerpt:
The bad news is all previous history came at higher mortgage rates. The average 30-year fixed mortgage rate fell below 3% for the first time in August 2020, and rates are close to the lowest possible levels given the credit risk and costs of writing mortgages. It’s one thing to be a peak valuation, it’s another to be at peak valuation with no discernable upside.