Plan B

Nomad Capitalist.

Sovereign Man.

Debt-to-income Ratios are at all-time highs.

Foreclosures are climbing. 📈

Debt-to-income Ratios are at all-time highs.

Is another 2008 style foreclosure bust coming for the US Housing Market?

Watch this interview I did on the Wealthion YouTube Channel to find out. @menlobear https://t.co/9NL7BuZTMl

— Nick Gerli (@nickgerli1) April 28, 2023

Loan production by $PACW fell 82% year over year

Loan production by $PACW fell 82% year over year

Quick thread🧵 pic.twitter.com/6I0GFc7Zd4

— Jack Farley (@JackFarley96) April 26, 2023

"Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever, per BI."

A recent MBA report shared how the new losses represented a 113% decrease from how much a bank made last year. A year before its $301 loss, the bank's average income per mortgage was $2,339.

Read more: https://t.co/2nTCY3fdYM

— unusual_whales (@unusual_whales) April 24, 2023

Mortgage lenders are losing money on loans (for the first time, according to a Mortgage Bankers Association report)

Housing has become so unaffordable that independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 per loan in 2022 (primarily…

— Andrew Lokenauth (@FluentInFinance) April 24, 2023

 

Investingdotcom.  Great site for historical data.

"He threw a phony, contrived, absolutely fraudulent study that he manipulated and orchestrated to make that drug 'standard of care.' It is homicide"

.@RobertKennedyJr: "Tony Fauci Knew That Remdesivir Would Kill You"

"How does it kill you?" he asked. "Kidney failure, heart failure, and all-organ collapse."

"All the doctors said. You heard it again and again. 'We've never seen a virus that attacks the kidneys.' Because it… pic.twitter.com/jqcN1cHY3k

— The Vigilant Fox 🦊 (@VigilantFox) April 23, 2023

The Chinese have near the highest savings rate in the world, yet they don't trust the Stock or Bond market (understandably since there's no transparency) So all their savings they pour into real estate

8/

The Chinese have near the highest savings rate in the world, yet they don't trust the Stock or Bond market (understandably since there's no transparency)

So all their savings they pour into real estate. pic.twitter.com/l83snKaeQ9

— CatGirl Kulak 😻😿 (Anarchonomicon) (@FromKulak) April 22, 2023

TELL ME AGAIN WHY YOU STILL LIVE IN CALIFORNIA. OH, YEAH, THE WEATHER

Cities with the lowest take home pay of a $100,000 salary in the US: pic.twitter.com/zpXHghfUkf

— unusual_whales (@unusual_whales) April 22, 2023

"55% is employed by the public sector. Social programs are used to buy votes." 55% seems high

That 55% seems high. 

55% is employed by the public sector. Social programs are used to buy votes. The Cantillon Effect is directly visible here where there’s a rule that politicians and their direct families can buy dollars at the official rate (no cap), which is almost half the real rate.

— BowTiedMara (@BowTiedMara) April 22, 2023

The Cantillon Effect. 

Mortgage payment needed to buy the median priced home for sale in the US has moved up to $2,538, a new all-time high.

The mortgage payment needed to buy the median priced home for sale in the US has moved up to $2,538, a new all-time high. pic.twitter.com/BQ1fqW7xf9

— Charlie Bilello (@charliebilello) April 21, 2023

A study of Zillow search behavior identified the most sought-after areas in the U.S.

A study of Zillow search behavior identified the most sought-after areas in the U.S.

Here’s the top 20 list.  https://t.co/REFg1CP2fg

— The New York Times (@nytimes) April 15, 2023

California's 'Dream For All' Home Down Payment Program Ran Out Of Money In 12 Days

California's 'Dream For All' Home Down Payment Program Ran Out Of Money In 12 Days https://t.co/EiaResw7yy

— zerohedge (@zerohedge) April 19, 2023

is writing down the value private holdings to market for public pensions.

 is writing down the value private holdings to market for public pensions.

is writing down the value private holdings to market for public pensions. We only have one "comp" - Tiger Global writing its venture capital holdings down by a third.  https://t.co/Xg1fzDZHqN

— Danielle DiMartino Booth (@DiMartinoBooth) April 18, 2023

Heavy truck sales not looking great.

Heavy truck sales not looking great. pic.twitter.com/W1U4LvrZy1

— Lyn Alden (@LynAldenContact) April 17, 2023

16.8% of consumers who financed a new vehicle in Q1 2023 committed to a monthly payment of $1,000 or more — an all-time high.

New month, new record 😳

$1,000 monthly payments aren't going anywhere.

16.8% of consumers who financed a new vehicle in Q1 2023 committed to a monthly payment of $1,000 or more — an all-time high.

This is either a disaster in the making or a big nothing-burger

— CarDealershipGuy (@GuyDealership) April 16, 2023

People who bought rental homes in 2021 and paid 30%+ premiums probably expected to [get] 30%+ more rental revenue.

Redfin just reported that rents are now LOWER than a year ago in the US.

People who bought rental homes in 2021 and paid 30%+ premiums probably expected to 30%+ more rental revenue.

They are in for a nasty surprise.

— Alf (@MacroAlf) April 14, 2023

"New car prices fell for a 3rd month in a row to below MSRP for the first time in nearly 2 years. Credit applications to buy car down 23% YoY in first week of April.”

Insight from @DiMartinoBooth “Fresh from those fine folks at Cox Automotive: New car prices fell for a 3rd month in a row to below MSRP for the first time in nearly 2 years. Credit applications to buy car down 23% YoY in first week of April.”

— Michael Green (@profplum99) April 11, 2023

#GOLD & #SILVER have incredible resilience today! I have never seen anything like this before. They get slammed and they bounce right back up!

#GOLD & #SILVER have incredible resilience today! I have never seen anything like this before. They get slammed and they bounce right back up! pic.twitter.com/v6omm0HIX8

— Eric Yeung 👍🚀🌕 (@KingKong9888) April 12, 2023

Leading labor market indicators also suggest that unemployment is set to rise. Job openings are decreasing as businesses cut back on spending

6/ Leading labor market indicators also suggest that unemployment is set to rise

Job openings are decreasing as businesses cut back on spending pic.twitter.com/ulHe3pUBNK

— Game of Trades (@GameofTrades_) April 11, 2023

California To Front 20% Down Payments With 0% Interest For Homebuyers With Incomes Up To $211,000

California To Front 20% Down Payments With 0% Interest For Homebuyers With Incomes Up To $211,000 https://t.co/fXnrNP4r6a

— zerohedge (@zerohedge) April 11, 2023

"The average monthly payment for a new car has soared to a record $777, nearly doubling from late 2019 . . ."

"The average monthly payment for a new car has soared to a record $777, nearly doubling from late 2019, according to Kelley Blue Book owner Cox Automotive. That’s almost a sixth of the median after-tax income for US households."  https://t.co/NpzTeamwMn https://t.co/PB2Ye3gYTl

— Charlie Bilello (@charliebilello) April 10, 2023

Nevada had the highest unemployment rate in February 2023

Nevada had the highest unemployment rate in February 2023 https://t.co/D8BbzMOwtM #BLSdata pic.twitter.com/mb85uZxiiG

— BLS-Labor Statistics (@BLS_gov) April 5, 2023

Multi-Tenant Apartment Building Sales Drop 74%, The Most Since 2008

Multi-Tenant Apartment Building Sales Drop 74%, The Most Since 2008 https://t.co/T0k0qaeMjZ

— zerohedge (@zerohedge) April 8, 2023

The recent drop in building sales follows a stretch of record-setting transactions that peaked in late 2021 when the multifamily sector was a top performer in commercial real estate. Cash-rich investors had a strong appetite for apartment buildings. Their top choices were in Sunbelt cities such as Dallas, Phoenix, and Tampa, Fla., where rental housing is largely unregulated and rents were rising 20% or more annually until last year. -WSJ

Green Street.  Looks interesting.  None of these apps are free anymore.   

Waiters and bartenders +50.3K, 26% of all private payrolls

Waiters and bartenders +50.3K, 26% of all private payrolls pic.twitter.com/KEXwKgJJgm

— zerohedge (@zerohedge) April 7, 2023

The 3-Month Treasury yield of 4.91% is now 1.61% higher than the 10-Year Treasury yield (3.30%)

The 3-Month Treasury yield of 4.91% is now 1.61% higher than the 10-Year Treasury yield (3.30%). This is the most inverted yield curve in history. pic.twitter.com/qxMATiv1p4

— Charlie Bilello (@charliebilello) April 7, 2023

Costco’s March sales highlight consumers’ shift to essentials

A picture that leaves little in the way of interpretation. https://t.co/nfB2f8qWAr pic.twitter.com/C52J8TZnyF

— Danielle DiMartino Booth (@DiMartinoBooth) April 7, 2023

Zillow Chief Economist Skylar Olsen has said that short-term strategies like home-flipping won't work anymore . . .

Zillow Chief Economist Skylar Olsen has said that short-term strategies like home-flipping won't work anymore, per BI.

— unusual_whales (@unusual_whales) April 5, 2023

Gold is less than 2% away from hitting an all-time high

Gold is less than 2% away from hitting an all-time high

And central banks are buying up record amounts of gold

Here’s what you should know 🧵

— Genevieve Roch-Decter, CFA (@GRDecter) April 5, 2023 

Ran out of Physical Gold? 😯🔥🔥🔥🔥 https://t.co/YvrdkgkL9N

— Eric Yeung 👍🚀🌕 (@KingKong9888) April 5, 2023

"You can't just jump from $47k in qualifying income to $86k and play make believe that everything is just going to work itself out"

Either mortgage rates need to come down, or house prices need to come down, or both. You can't just jump from $47k in qualifying income to $86k and play make believe that everything is just going to work itself out. Housing will be ice cold until this spike stops being a spike. pic.twitter.com/PhisqTqR2u

— Jeff Weniger (@JeffWeniger) April 2, 2023

average mortgage cost over last 2 years up from $2,500/month to $4,144/month. A difference of $1,644!

Home prices + mortgage rates rising over the last two years has driven the average cost of up from $2,500/month to $4,144/month. A difference of $1,644!

Source: /u/CheeryOaf pic.twitter.com/4tgL9SIt4F

— Markets & Mayhem (@Mayhem4Markets) April 1, 2023