Comments by "BrickTop" (@bricktop7803) on "Federal Reserve: We're Seeing a Quite Significant Housing Market Downturn Coming" video.

  1. Brilliant analysis. RJ. The NAR pleading to Powell to cut interest rates is very telling. No matter what RE agents tell their customers, it is getting bad out there and the pain is real. Again, until they clamp down on wage growth by raising unemployment, the knock on effects with property prices will take time. It is engineered, high unemployment and collapse of property prices will NOT happen until after the 2024 election. The timing is critical. The geopolitical unrest in the Middle East and higher gas prices could yet scupper the FEDs timing and we could see the US economy be driven down by OPEC+ restricting crude production. That will really crash the US economy. The oil shock of the 1970's was absolutely brutal and many citizens have never experienced NO gas at the pumps. When we lived through the 2008 crash, it was a full year before the global financial system crashed. We knew something was very very wrong when banks and building societies went into administration 6 months before the global economies shut down. The exact same scenario is playing out RIGHT NOW, and the result will be worse than 2008, as there are 2 wars ongoing NOW. There were people in 2007 who said its just a minor blip, and again today - people say there is no property crash and the economy is fine with 8% inflation. It is just history repeating itself.
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  2. You have got it all wrong. In 2022 national property prices went negative for the first time since 1990. But any property crash always has a double peak. Property prices had their 2nd peak 6 months ago...the steep decline will be 50% is a couple of years away. Currently, there is little inventory and fewer sales, as people cannot afford the mortgages. Property prices are falling in nearly every region, and when FOMO kicks in as property developers jump ship, it is in the 50% price drop scenario. The property crash varies in different regions at different times. But it is happening across the country. As much as property price graphs have risen over the past 3 years they fall as quickly, and then some.
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  3. No journalist would ever ask Powell and awkward of difficult question, they would be unemployed before they left the event. They MUST submit their question before the event, its all scripted.
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  4.  @HappyandBlessed-wj7gc  Nope, Case Schiller is 3 months behind todays prices.
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  5. No, Grandma Yellen is the Hangman......its difficult to tell what gender Yellen is. You just couldnt see Yellen with her hand up his back making his mouth move.
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  6. Incorrect, they will NOT have a choice. There is NO equity tap anymore, it is switched off. How are they going to pay their mortgage when there is no money coming in? You think wages will stay the same as they are NOW, you are delusional. The whole point in QT is to drive wages DOWN, it is supply and demand. During a recession, wages collapse as too many people are chasing too few jobs. This of course, will only happen after the 2024 election.
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  7. Yup - it was the letter from the NAR, their membership is going to collapse in the next couple of years.
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  8. So you did not understand ANY of what Powell was saying? Rly?? The 'Very well Qualified Homeowners with NO income, will have NO job and NO home in a couple of years. The middle class Americans are going to feel the worst of this horror story. The ones that think their property is going to increase in value year on year.
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