Get ready for "Subprime" 2.0..
Values so high and Interest thats just ya Mortgage , Taxes and Insurance....forget maintaince or repairs
Avereage People cant afford "Property" anymore realistically even if they got 2/3 jobs the wages just aint kept pace with "Inflation" ..
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“The housing market is rolling over because people can’t afford them. What was keeping a floor in the housing market were rents by the illegal aliens. That’s all going the wrong way. Trump is deporting people, and we closed down the border. Our housing report that we put out a month ago . . . all the indicators are rolling over, and we are going to have a housing recession. We are going to see inflation go lower because housing is 36% of the economy. We expect to see a sub 2% print on inflation.”
What about the Fed cutting interest rates next week?
https://www.zerohedge.com/markets/trump ... -cut-cycle