nathanwinklepleck

nathanwinklepleck

This ratio just hit March 2009 lows...

Added 2022-10-14 20:00:50 +0000 UTC

It's hard to be bullish. This might be the only reason to be...

This ratio just hit March 2009 lows...

Comments

Home values are sinking out here for sure. This also makes it a big deal on the economy.

2022-10-15 02:51:46 +0000 UTC

That's crazy to think of a 15% mortgage. A guy I worked with said he got his close to 20%. Nuts... At 7%, I think it's still fine relative to history, but coming off of mortgages at 2.5%, it seems crazy in such a short period of time. Not good. I'm curious how people respond to seeing their home values decline?

2022-10-15 01:15:46 +0000 UTC

Hi Nathan, This market reminds a lot like the late ‘70s - early 80’s. I believe the chart is showing mortgages at +7%. I bought my first home at +15%. Also price of oil is way too expensive. It is causing most of the inflation (things that we buy are shipped. Food, lumber etc.) and Government spending is out of control. Their sending out state checks in California where I live.

2022-10-14 22:22:32 +0000 UTC

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