RE: Current Housing Bubble Popping.
That wasn’t hard to predict. Just the timing – as usual.
Biggest in US history. FL and TX just the beginning.
I’m still at 30-40% in the overblown markets.
But it’ll take time to effect the flyover regions.
The variables are greater than the financial nonsense in ’08 et al. Add job automation and world conflict and accelerating domestic conflict, possible success at border closure, forcible deportation and voluntary return migration, with the solid chance of ending the H1B waves, and I dunno where this ends. Good for the young in some ways but not for the seniors. I’m seeing the 30% drop in florida already and in the stock prices of the big homebuilders.
My pivot since 08 to work on law instead of economics has left me a little less aware of the state of things but there was no missin this correction. I just thought it’d be earlier.
Source date (UTC): 2025-06-29 01:53:55 UTC
Original post: https://twitter.com/i/web/status/1939140240222114205
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