[New post] Scary Charts – 10.22.23

SupremeCmdr posted: " So that drywall mass produced home that sells for $1 million just went up from $4,519 a month to $7,016! That is a 55% increase in less than one-year. So we now have realtors struggling since they make money on high sales volume. You have commercial rea" lifeunderwriter.net Scary Charts – 10.22.23 SupremeCmdr Oct 22 So that drywall mass produced home that sells for $1 million just went up from $4,519 a month to $7,016! That is a 55% increase in less than one-year. So we now have realtors struggling since they make money on high sales volume. You have commercial real estate getting absolutely smashed. Banks are in a tough spots since they made bets on a low interest rate environment. But now, that same home will cost you $2,497 more per month with no measurable increase in underlying value. The house does not have a built in chef, or unlimited childcare, or a Tesla that comes fully charged every day with no cost to you. The Stalemate of the Century: Housing Facing an Existential Moment -- http://www.doctorhousingbubble.com/the-stalemate-of-the-century-housing-facing-an-existential-moment/ Scary charts as promised from the same article: Oklahoma. Or California. Comment Like You can also reply to this email to leave a comment. Manage your email settings or unsubscribe. Trouble clicking? Copy and paste this URL into your browser: http://lifeunderwriter.net/2023/10/22/scary-charts-10-22-23/

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