47 sats \ 0 replies \ @kepford 8 Aug \ on: Real estate market facing a major correction? econ
Not saying you are saying this but a mistake I think many people are making is thinking we are headed toward another 2008 housing crisis. That time was very different from now.
- We have a low supply of houses
- We have higher interest rates
- We do not have policy makers pushing home ownership and lenders to make insane loans to people that have no income.
We have a very broken market but I do not see the type of collapse we saw in 2008. Not an expert but I only hear a few people saying what I just explained. I don't think its in a good place but also its different.