The spring and summer downturn in the U.S. housing market did not conform to the seasonal pattern following President’s Day, which is normally the busiest and most profitable time of year for real estate brokers and home builders. There are innumerable reports since...
Since penning Part 1 and 2 (Twitter thread) in early April on the risk of recession this year, the chances of a hard landing vs. the Fed’s sanguine soft-landing narrative morphed into “we have a good chance of a softish landing” when Jay Powell delivered the FOMC’s...
Estimates on the value of my single-family home have doubled since purchasing it four years ago in an all-cash deal. My personal situation back then was atypical, and I consider myself incredibly blessed to be living without a mortgage debt obligation. There are more...
I did not anticipate an addition to Part 1 so quickly, which covered plunging consumer sentiment, declining consumption, scarcity inflation, and waning GDP. Unfortunately, recession signals are popping up so fast and furious that it’s best to ink them before they...
Just recently, I had a discussion with a professional colleague. During our talk, I made a joke about skyrocketing real estate prices. He laughed, but also made a startling announcement: a friend of his who’s a waitress and barely has much money bought a three-bedroom...