4 ms·

This is 2006

• smt88 4y ago
  People have been saying that since 2016.
  • nostrebored 4y ago
    Because we’ve deferred the pain of 2008 for years. The market makes no sense.
    • pas 4y ago
      which market and why doesn't it make sense?
    • smt88 4y ago
      Consumption, job creation, and wages are still going up (on average). Most appreciating real estate is in high-demand urban centers where construction can't/doesn't keep up. On top of that, a lot of older people are realizing the equity in their homes or their stocks, and they can buy in cash. In that environment, you expect high home prices and high debt (as people assume their income will keep rising).
• dragonwriter 4y ago
  No, we aren’t 5 years into a hollow “expansion” like the post-2001 one. People who only look at aggregate figures and headline institutional failures, and ignore distributional facts of the preceding context, simply cannot begin to understand anything about what was going on in the Great Recession.