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5
blackswans 5 points ago +5 / -0

Home prices are up, and home sales are down.

  1. Interest rates are being suppressed by the Fed. This cannot go on for ever.

  2. National foreclosure and evection moratoriums have been in place for over a year. This cannot go on forever.

This is a bubble that makes 2008 look like a piker, and she's gonna pop.

2
SteersBeersandQueers 2 points ago +2 / -0

I got fucked over in 2008, not going to happen this time!

5
loooooof 5 points ago +5 / -0

The United States of Weimar Republic.

4
IncredibleMrE1 [S] 4 points ago +4 / -0

Weimarica.

4
Woodburningstove 4 points ago +4 / -0

August is the time….. June 29th moratorium on eviction/foreclosure expires. July 1st, 30 day notices of eviction/foreclosure are sent out . August 1st… 10’s of thousands of homes per state flood the market!

Black rock / JP Morgan investment funds will once again make millions. I will always support capitalism. However, it is very unfortunate that all these families apparently didn’t learn from the 2008 collapse.

1
nopinkofuckheads 1 point ago +1 / -0

Foreclosure takes months. It’ll be a while before they hit the market. Often they go to auction and will require appraisals and other bullshit. I’d say 6 months unless they allow short sales to avoid keeping estate in the books.

Maybe they bundle them up and sell em off the black rock etc. still lawyers and title searches and all that takes a moment. Foreclosure just gets started with nice notice to vacate begins.

3
MAGAForeverF 3 points ago +3 / -0

July 1st

3
Barbs 3 points ago +4 / -1

Inflation doesn’t affect home prices, lol. What’s driving up home prices are people abandoning their dinky apartments in the cities and moving to the suburbs or rural areas. Also contributing to the problem is the lumber shortage, which makes turn-key homes more appealing.

Also, if you’re a current homeowner, this is awesome. It sucks for first-time buyers, but homeowners are livin large with this increase in value.

3
VonJager 3 points ago +3 / -0

Low interest rates also mean every one can borrow more, which creates competition for homes.

2
k_the_c 2 points ago +2 / -0

They'll drop, alright. Just like last time.