this post was submitted on 09 Jul 2024
45 points (88.1% liked)

Housing Bubble 2: Return of the Ugly

435 readers
1 users here now

A community for discussing and documenting the second great housing bubble.

founded 11 months ago
MODERATORS
SeattleRain@lemmy.world
45
A massive bubble in the South is about to pop (lemmy.world)
submitted 9 months ago by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
41 comments fedilink hide all child comments
 

https://x.com/nickgerli1/status/1810284154451378414

you are viewing a single comment's thread
view the rest of the comments
[–] sunzu@kbin.run 1 points 9 months ago

You are talking about two different markets in this comment though:

  1. CLO/MBS securities, some of which contained variable rate mortgages
  2. buying/selling residences

1 crashed as results of 2 fail, ie people stop trading due to jobs issue.

Coming back to 2024, we are in only got 2 in play. People are not really buying or selling houses because people don’t get paid enough to justify the current price v monthly expense. Either price goes down or interest. It does not have to be economic doom unless something else fails along with it.