what do you believe

@m3_melody @Ableman_REI @Adam__Josephson Tell us more chicken little. When when when. Just saying. Not advocating.

@Ableman_REI @Adam__Josephson Local matters which is why I track 86 markets...including their demographics The problem is pervasive and won't go away soon unless immigration increases (not advocating, just saying). I've also traveled the country to confirm

"Landlords are itching for the moment when supply ebbs and they can increase rents again. That is unlikely to come soon. Roughly 480,000 apartments will come online this year and about 450,000 more a year will be delivered in the years to come" H/T: @Adam__Josephson

@DemzDeliver Post real numbers instead of percent and post what it was when he became governer and the funds allocated to get the 9 percent drop

🚨 Under Gavin Newsom, homelessness in California has dropped 9%.

@DemzDeliver Dropped from what 9 percent? 9 percent of what?

@KarenBassLA Thank you Karen. Please let your voters when the next mass fire you won’t be prepared for will be.

It is an incredible honor to receive an endorsement from Congresswoman Maxine Waters. She has been one of the most powerful voices in Washington as Ranking Member of the House Financial Services Committee, opening the doors of banking and finance to Black and Brown communities who were locked out for generations.

@jonbrooks Chicken little with some marginally warm takes

Mortgage demand is now WORSE than the Great Financial Crisis. Read that again. Worse than 2008. Yet sellers are still pricing homes like it’s 2021 with 3% rates. The math stopped mathing.

@jonbrooks What does that mean Jon. So affordability is terrible. What does your post mean?

@EricSpracklen When Eric. When. How much.

The housing market is going to crash and anyone saying otherwise is either a realtor gaslighting you or a property owner unwilling to accept the fact that they couldn’t sell their property at their Zillow “Zestimate” if they tried to. Prices are going to come down massively.

@_RL_W @jonbrooks Climate change is bull$hit. Why have let sea level taken the man made islands in the Middle East. Because sea level rising is marginal at best.

@jonbrooks People in the south and west will move north to escape climate change, flooding in the southeast and drought in the southwest, removing a large portion of housing stock as uninhabitable. Inflation will also catch up prices.

This chart is why housing is cooked over the next 15-20 years. The entire housing boom was built on: • Peak boomer spending • Peak household formation • Peak leverage • Peak asset inflation Now look what happens next: An aging population moving into retirement while affordability collapses for younger buyers. That is not bullish for: • Home prices • Rent growth • Consumer spending • Property taxes • Local economies People still think housing is driven by “shortages.” Demographics drive everything.

@jonbrooks Jon “hot take” brooks strikes again. And again. And again.

We went from 3% → 6.5% rates. Every 1% = ~10% less buying power. The math says we will see a 35% drop in prices. It's just a matter of time.

@jonbrooks Affordability has nothing to do with home prices. If you can t afford a home. You don’t buy.

@jonbrooks When John. When will we see a 35 percent drop across the board. 3-6 months or never

@LeadingReport She couldn’t lead you the way out of a paper bag

Kamala Harris leads JD Vance in new 2028 presidential poll, per TPSI. Kamala Harris: 47% JD Vance: 39%

@SenSanders Thank gos the people of Vermont and the rest of the country have you looking out for the citizens of the United States and the great state of Vermont . Not sure where we would be without you.

Trump is asking taxpayers to foot the bill for a $1.8 BILLION slush fund for his MAGA cronies. Sorry, Mr. President, we’re not going to provide financial support for January 6th insurrectionists who attempted to destroy American democracy. Beyond outrageous.

@JosephX91127009 @EricSpracklen Makes sense. Best answer yet.

@EricSpracklen They will go down, but insignificantly. To "correct" they would have to drop 30%. We MIGHT see a 5% drop over the next 12 months. Unless people start losing their jobs by the millions, prices are here to stay.

Everyone saying the housing market isn’t about to collapse is either a realtor gaslighting new clients or a seller still in denial wondering why their house won’t sell. Home prices are about to plummet.

@kristinkgl @EricSpracklen Fake news. This thread is about how prices are going to PLUMMET. No idea regarding when or where but they will plummet.

@EricSpracklen MASSACHUSETTS we have 30-40 buyers are open houses right now…

@EricSpracklen When and where? About to plummet when? Chicken little. Tell us when the sky will fall….

@BowTiedNiners Do you think buying lunch instead of packing it every day is the move?

I don’t think packing a lunch is going to close this gap Boomers are so out of touch it isn’t even funny We literally have to work twice as hard to live in a worse America

@jonbrooks So 1/3 lowered the price from initial list. 2/3 didn’t? Whats so alarming?

35% of homeowners cut their asking price in April, according to Redfin. That is not a “healthy market.” It’s what happens when prices detach from affordability. The housing cycle already ended. Most people just haven’t accepted it yet.

@VladTheInflator How did that hold up when rates went from 3% to 7%? Asking for a friend.

Reminder, every 1% increase in mortgage rates means your home is worth 10% less.

@ManitobaSAO People unable to save for a down payment spending $28 dollars for lunch that rent won’t ever own homes.

If the average US house is $450,000 then 20% down is $90,000 OR 3214.29 $28 lunches. At 5 lunches a week that’s 642.86 weeks. That’s 12.36 years. In the last 12 years, housing has inflated ~90%. So, logically, when you reach your $90,000 goal, you’ll be ~$80,000 short of the inflated down payment of that era. Have fun giving up lunches for that down payment gen Z!! Have Fun