Real estate collapse 2.0 predicted here in October of 2013, when I called for the housing market (dead cat bounce) top, continues to accelerate. Back than most people thought that I had lost my mind and/or that I had just escaped from a mental institution. …..which is expected by now. In fact, the number of data points that confirm my original forecast is staggering. Here are a just a few.
- U.S. house price gains seen moderating over next few years: poll – Moderating? “About to collapse” would be a more accurate description.
- The Most Overlooked Statistic in Economics Is Poised for an Epic Comeback: Household Formation – Yep, no one is getting married and no one (young people) has any money left after making payments on their student debt. Disaster.
- Borrowers Tap Their Homes at a Hot Clip – Who said that people learn from their mistakes?
- The Number Of California Real Estate Agents Collapses 30% – What about all of those investors buying hand over fist for cash? Don’t they need realtors?
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“Pent-Up” Pending Home Sales Demand Missing; Down 9.4% YoY – Yep.
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Zero Down Payment? China’s Developers Get Desperate – And let’s not forget about the biggest housing bubble on the face of the Earth.
Here is the bottom line. If you are thinking about buying a house, understand, you are buying at the very top. If you are thinking about selling…..you have about 3-6 months max before this real estate market trend really accelerates and becomes apparent to everyone else.
