And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see. And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, … Read more
A friend and subscriber who has been reading my stuff messaged me to ask why I do not believe the “home prices will fall” narrative. I figured, why not let it all hang out, right? Keep in mind that I’m no economist, and not a macro investment analyst. Keep in mind that I could be … Read more
In Fortune, we get this story about 40 regional housing markets that are super overvalued where home prices might fall over the next year: Among those “overvalued” housing markets, which ones are actually likely to see home prices fall? In order, Zandi points to these “juiced-up” regional housing markets: Boise; Colorado Springs, Colo.; Las Vegas; … Read more
In part 1, we covered legal and regulatory challenges to the real estate industry. In part 2, we covered the insane money printing that has devalued the dollar, and stuck the Fed into a corner with no options. But, thanks to rising inflation that no amount of book-cooking can cover up, the Fed has been … Read more
From my friend Kevin Oakley, I see this news on Twitter: Kevin Oakley on Twitter: “https://t.co/FTcmvQa2GX? @AliWolfEcon @robhahn / Twitter” https://t.co/FTcmvQa2GX? @AliWolfEcon @robhahn The linked article is a longtime mortgage broker Louis Barnes sounding the alarm: During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand … Read more
In part 1 of this series, I outlined years of writing, thinking and speaking on the subject of legal issues and regulatory challenges facing the real estate industry. We continue our journey down dark paths with the second horseman of the housing apocalypse. Let me note right at the outset that I am not an … Read more
I haven’t written in a while. Part of it is being extremely busy with work, which I hope to be able to tell you all about soon, but a big part of the reason is dread. I keep looking for white pill stories, visions of a bright future, or at least some kind of a … Read more
Unless you’ve been living under a rock, you’ve now seen, heard about, or personally experienced the market crash that happened and is happening right now. The crypto twitter is aflame. Reddit is a wasteland. Telegram and Discord are panicstricken. There’s a fair amount of dancing on graves, i-told-you-so and a fair amount of defensiveness. I’m … Read more
My last post on Opendoor resulted in more than a few emails and messages, and I’d like to thank those who emailed and messaged. I wish more of you would just comment on the posts, but seeing the domains from which your emails come from, I completely understand why you emailed me directly. One of … Read more