According to the expert who called the 2005 peak, there’s an oversupply of homes coming on the market and that a housing crash is coming.
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As a noted economist stated so eloquently, "A house is a rapidly depreciating asset that empties your wallet every day it owns you." …. he's right.
Westlake Village, CA Housing Prices Crater 19% YOY As Los Angeles Housing Market Swirls The Bowl
You don't understand what peak means. Later this will not be as prices keep going up.
Nvidia replaced Netflix in the FANGs
So, why are ammonia prices sky rocketing??
Suppose to crash every year since 2010
Yesssss market crashes we land on the moon.
Look at all the fkn losers in here that missed the housing boom.
In case no one has told you. No one cares what you think. You lost. And will continue to lose.
Excellent work Stephen. Your detailed reports are outstanding. It really helps part the economic haze. I own great companies but why wouldn’t I sell out at the top and buy back in when they fall?
Stephen has shown us the graphs and historical facts that provide a look into what’s to come. In 2008 my friend wouldn’t listen and she lost $2 million. It was her life savings.
Inflation pressure and cheap negative yield debt lack of alternative inflation hedge can keep housing high for a very very long time. Look at China
Everything is GREAT… until it ISN’T!! I’ll keep MY $$$ in my pocket until AFTER the bust, this time around!
These are the dates you want to look for coming up for news and market events.
Wednesday-May 4, 2022
Tuesday-June 14, 2022
Wednesday-August 31, 2022
Thursday-October 6, 2022
As long as housing prices continue cratering, all is well.
Las Vegas, NV Housing Prices Crater 17% YOY As Housing Inventory Soars And Demand Plummets
Of course it is. Crashes always come. Always have and always will. Let's predict the recovery instead.
So is Christmas
Ibuyers account for 1.2% of home sales. Nice try though
I've been hearing the housing market is crashing for a long time. Although how much it cashes will depend on the zip code or market.
The million dollar question is when will this happen???
If you need a house, have decent down payment and your planning on keeping the house for 7 -10 years, I wouldn't worry about it, go buy your home.
Haha..crash crash ..where the hell is that ..prices are high and going higher…well crash may happen one day…but it’s like broken clock tells correct time 2 times a day …
Looks like a head and shoulders on lumber. Too bad I just had to buy a bunch of lumber🤦♂️
That's great news. Can't wait to buy homes at lower prices.
Thanks for the great content. Sub'd.
Where you the same person that was predicting deflation only a year ago? I am sure that was your call?
The U.S. housing market is falling faster than Anthony Weiner’s pants when his wife goes out shopping and leaves him home alone with the laptop !!!
no. no it is not. stop selling fear to folks that want to think they are smart. home prices already cooled off. the last crash was facilitated by leverage on an unfathomable scale. thats not allowed to happen anymore due to solvency rules.
I was intrigued after discovering this channel this morning, but enthusiasm has cooled a bit, as there are a number of errors in this video, for example:
1. The volatility graph he shows @13:40 is only through March 2020! Yet his verbal commentary implies these are the levels today. No, they are actually < 1/3 the level shown on this graph (google your own source of choice).
2. The statement that petroleum is the primary component of Ammonia production is, at best, dated. Most Ammonia production today uses natural gas, not petroleum. I'm sure this was an honest mistake (like maybe #1 was) — in fact, this BETTER supports your other points you make, in this and other videos of the last week — but it's not reassuring when you are making multiple basic mistakes like this in your videos, it makes me wonder what else might be incorrect that I didn't pick up on.
What has he accurately predicted over the past year? Of course he will eventually be partially correct, markets are cyclical.
I gave away allot of money making trades based off this doom and gloom outlook because I share the same concerns. Once I learned to follow the trend I have been going long and making decent gains. I let my winners run and always stop the bleeding quick with the losers. I know when the market turns that I will lose a good chunk of profit on the way out but that's okay with me, it sure beats losing money by basing trades on what I think should happen.
The problems with your ideas on housing crash is that there are still lots of cashed up individuals waiting to pounce on quality houses.
Yes. Correct normally but whe The FED just keeps printing currency/USD….eventually prices will crash but not until FED stops printing…
jesus christ you talk some absolute nonsense. Rising food prices are disinflationary now
What day are they planning on tapering?
I too long for the return of the basement paneling background
Volatility chart out of date?
i called it also
Sooooo any good news 🤔?
As long as housing prices continue cratering, all is well.
Las Vegas, NV Housing Prices Crater 17% YOY As Housing Inventory Soars And Demand Plummets
Ok, based on you video library there is never ever any good news. So when you stop saying everything is doom and gloom then maybe you will be worth listening to.
Hi Steven,
If crude is leading the CPI and is heading lower. How does this fit with your theory that oil predict fertilizer prices which should lead to an increase in food price?
What is the timeline?
Else good content as always.
There’s absolutely a supply deficit!
that was the best incite to whats happening without being so technical, as you usually do. thanks Steven
another expert who called 30 out of the last 1 crashes
could, could, could, its just that it won't.
The scumbag oil company’s are sending our natural gas over seas. Creating shortages to raise the price. Than our president and his scumbag administration. We don’t stand a chance.
Well fha should have plenty of fha mthly insurance the continued from 2008 should cover fha
Wow another crash coming? None you called so far came true, but ok😂
Corona Del Mar, CA Housing Prices Crater 24% YOY Los Angeles Area Housing Market Hobbles And Banks Wobble