Savvy Trades and Investments

[jtomm]

Housing - Two interesting posts:

Real Estate Industry in Panic Mode:

45% Drop in Home Purchases – Bigger Than '08! Home sales are now down 31% in 2023.

Without transactions, many jobs that are commission oriented are seeing huge declines in incomes. Real estate agents, mortgage brokers, title insurance, home… pic.twitter.com/PfIMwaQ7X2

— Wall Street Silver (@WallStreetSilv) September 4, 2023

The most incredible part about housing affordability?

How much worse it is outside of the US.

In New Zealand, it costs 250% more to buy than rent.

In Canada, it costs 230% more to buy than rent.

In Australia, it costs 150% more to buy than rent.

In the UK, it costs 100% more… pic.twitter.com/Tn4G3CHNVr

— The Kobeissi Letter (@KobeissiLetter) September 4, 2023