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All the indicators except the mortgage to income ratio that has grown seemingly exponentially the last few months. A housing bubble alone is capable of setting
by kjkjadksj 4y ago
All the indicators except the mortgage to income ratio that has grown seemingly exponentially the last few months. A housing bubble alone is capable of setting off a recession certainly, and we are in a huge one.
- adam_arthur 4y agoAnd it will eventually. But that's far down the line... prices are still well above the covid era bubble run. And the easing of financial conditions over the past few months has buoyed the previously declining housing metrics. Markets front ran the recession far too early, which led to the recession not happening. Now Fed likely has to hike even more than they would have otherwise