Wall Street Investors have officially abandoned the Housing Market.
— Nick Gerli (@nickgerli1) May 31, 2023
With Redfin reporting a colossal 49% crash in investor purchases in Q1 2023.
This is the biggest annual decline on record.
Even bigger than the drop that occurred in 2005 right before the last crash. pic.twitter.com/9GyHqzHCKl
Wednesday, May 31, 2023
Wall Street Investors have officially abandoned the Housing Market. With Redfin reporting a colossal 49% crash in investor purchases in Q1 2023. Even bigger than the drop that occurred in 2005 right before the last crash.
Tuesday, May 30, 2023
In 2021, 68% of 25-year-olds [lived away from] parents’ home; 22% were married; 17% had a child. In 1980, 84% [lived] on their own; 63% were married; 39% had a child
In 2021, 68% of 25-year-olds were living outside their parents’ home, 22% were married and 17% had a child, per Bloomberg.
— unusual_whales (@unusual_whales) May 30, 2023
In 1980, 84% were living on their own, 63% were married and 39% had a child.
Friday, May 26, 2023
It took four years, but airport traffic finally returned to the summer of 2019 levels.
It took four years, but airport traffic finally returned to the summer of 2019 levels. pic.twitter.com/KHu5O5OBii
— Jim Bianco biancoresearch.eth (@biancoresearch) May 26, 2023
Europe's econ engine is breaking down: Germany is at risk of a long, slow decline.
Europe's econ engine is breaking down: Germany is at risk of a long, slow decline. Decades of flawed energy policy, demise of combustion-engine cars & sluggish transition to new technologies converging to pose most fundamental threat to nation’s prosperity since reunification, 1989-1991, .… pic.twitter.com/mGUyisjWea.
— Holger Zschaepitz (@Schuldensuehner) May 26, 2023
Wednesday, May 24, 2023
Facing triple-digit inflation, Argentina introduces the new 2,000 peso note. It's only worth about $4.
Facing triple-digit inflation, Argentina introduces the new 2,000 peso note.
— unusual_whales (@unusual_whales) May 24, 2023
It's only worth about $4.
Monday, May 22, 2023
DIMON: EVERYBODY SHOULD BE PREPARED FOR HIGHER RATES FROM HERE
https://t.co/eRyDNxhcnS
— Tom Luongo (Head Sneetch) (@TFL1728) May 22, 2023
Listen to this very, very carefully.
Translation: We're turning up the heat until the frogs are all boiled. Nice neck scarf, Chrissy. https://t.co/CD1YBrF0Cp
It now costs nearly $1,000/month more to buy a house than to rent.
You can’t make this up:
— The Kobeissi Letter (@KobeissiLetter) May 22, 2023
1. Median Mortgage Payment: $2,800
2. Median Rent Price: $1,850
It now costs nearly $1,000/month more to buy a house than to rent.
Meanwhile, the average new car payment is now at $750/month.
The average interest rate on a used car loan just hit a…
Mortgage rates back to 7%.
— Nick Gerli (@nickgerli1) May 22, 2023
Meaning that the cost to buy a house in America is now approaching $2,700/month when including mortgage, tax, insurance, and maintenance.
Meanwhile, cost to rent is $1,850.
Biggest gap we've ever seen. Something has to break. pic.twitter.com/gC1ffJXKmL
The median price of a home sold in the US fell 4% over the last year, the largest YoY decline since 2012
The median price of a home sold in the US fell 4% over the last year, the largest YoY decline since 2012. pic.twitter.com/XqZr2a2ltn
— Charlie Bilello (@charliebilello) May 22, 2023
"retailer warnings . . . are . . . tied to #bankingcrisis . . . more than commercial real estate."
The real economy continues to reel. More retailer warnings going mostly unheeded which are absolutely tied to #bankingcrisis via more than commercial real estate. Foot Locker another one admitting spending way down/inventories way too much. https://t.co/QzdjY0u1ns pic.twitter.com/7bFi2kkgL9
— Jeffrey P. Snider (@JeffSnider_AIP) May 21, 2023
Wednesday, May 17, 2023
Staggering fact: US now spends more on debt servicing than national defense. The fiscal battlefield has shifted - it's not just about raising the ceiling, but curbing the rising tide of interest rates.
This was the exact threshold Paul Kennedy talked about in The Rise & Fall of Great Powers as the point at which virtually all of the nations he studied tipped into terminal decline. https://t.co/0RCuk5walM
— Martyr Made 🦉🪓 (@martyrmade) May 17, 2023
Monday, May 15, 2023
Industrial production lower than estimates from a year earlier. Retail sales lower than a year earlier
How’s that #ChinaReopening trade going?
— Danielle DiMartino Booth (@DiMartinoBooth) May 16, 2023
“Industrial production rose 5.6% from a year earlier, lower than the 10.9% median estimate in a @business survey of economists. Retail sales climbed 18.4%, worse than forecasts for a 21.9% surge.” pic.twitter.com/GOI8YmGb2Z
Saturday, May 13, 2023
New York, San Francisco Office Buildings Are Absolute Ghost Towns
New York, San Francisco Office Buildings Are Absolute Ghost Towns https://t.co/2ru9PeL5uy
— zerohedge (@zerohedge) May 13, 2023
Friday, May 12, 2023
Biden forced millions of Americans to take VACCINES by threatening their JOBS, and turning EMPLOYERS into enforcers. Imagine giving Biden the ultimate on/off switch for EMPLOYMENT called E-verify. Might as well call it V-verify.
Republicans are about to make a huge mistake.
— Thomas Massie (@RepThomasMassie) May 7, 2023
Biden forced millions of Americans to take VACCINES by threatening their JOBS, and turning EMPLOYERS into enforcers.
Imagine giving Biden the ultimate on/off switch for EMPLOYMENT called E-verify.
Might as well call it V-verify.
Thursday, May 11, 2023
No rent is being paid on 1/5 of all US office space, and small banks hold 70% of commercial real estate loans.
Empty real estate is a big problem.
— Joe Consorti ⚡ (@JoeConsorti) May 11, 2023
No rent is being paid on 1/5 of all US office space, and small banks hold 70% of commercial real estate loans.
As cash flows from empty properties dry up, loans will be defaulted on — wiping out many of the small banks who wrote them: https://t.co/MZiyTiHCtz pic.twitter.com/wf3pjLGzb5
Wednesday, May 10, 2023
Alaskan Trucking Fleets Promise $150K Driver Salaries Amid Drilling Boom
Alaskan Trucking Fleets Promise $150K Driver Salaries Amid Drilling Boom https://t.co/AcgMqKXUoV
— zerohedge (@zerohedge) May 7, 2023
Nearly 50% drop in used vehicle inventory since 2020 🥴 At least everyone will walk more...
Nearly 50% drop in used vehicle inventory since 2020 🥴 At least everyone will walk more... pic.twitter.com/IFJeJfZS81
— CarDealershipGuy (@GuyDealership) May 8, 2023
When lending standards tighten like this, unemployment follows
It's not different this time. When lending standards tighten like this, unemployment follows. pic.twitter.com/r3R1PIUC1p
— Jeff Weniger (@JeffWeniger) May 9, 2023
Tuesday, May 9, 2023
Borrowers whose student loan debt was suspended, used the increased debt capacity to borrow more.
Borrowers whose student loan debt was suspended, used the increased debt capacity to borrow more. Beautiful. Avocado on whole grain credit… toast https://t.co/2egwC0aopx pic.twitter.com/SRQYrsIGvu
— Michael Green (@profplum99) May 9, 2023
Cramer: "Commercial Real Estate isn't going to destabilize the system"
*WILLIAMS: FED IS VERY FOCUSED ON COMMERCIAL REAL ESTATE RISKS https://t.co/eOv8YRuhBO
— zerohedge (@zerohedge) May 9, 2023
Monday, May 8, 2023
Las Vegas leads in U.S. for evictions among major cities, data shows
Unfortunately, housing advocates told FOX5 that the problem is even much worse and will only keep growing. https://t.co/lIZGHjLZ37
— FOX5 Las Vegas (@FOX5Vegas) May 8, 2023
Another worrisome deflationary sign: used car prices are falling fast again.
Another worrisome deflationary sign: used car prices are falling fast again. They had rebounded (according to wholesale prices) to start this year sparking renewed "inflation" fears. Even if that was the case, did the banking crisis end it? Maybe. https://t.co/BHgicM2ZTj pic.twitter.com/9rFWEj7XM1
— Jeffrey P. Snider (@JeffSnider_AIP) May 8, 2023
Liberal Utopia: Two-Mile-Long Vehicle Encampment Spotted In [Marin County] California
Liberal Utopia: Two-Mile-Long Vehicle Encampment Spotted In California https://t.co/1XdbFTQKEu
— zerohedge (@zerohedge) May 8, 2023
IT’S A BUBBLE. An Airbnbubble. Airbnb listings in Dallas are up 619% since 2016 Most Airbnb listings are in a property portfolio managed by commercial “hosts”
IT’S A BUBBLE. An Airbnbubble.
— Amy Nixon (@texasrunnerDFW) May 7, 2023
Airbnb listings in Dallas are up 619% since 2016
Most Airbnb listings are in a property portfolio managed by commercial “hosts”
Almost half (45%) the listings are in a portfolio with 5+ home rentals https://t.co/5GMBsCksAA
Among the 100 largest housing markets tracked by http://Realtor.com, only Austin saw active listings in April 2023 top April 2019.
You can find the data for the 100 largest markets below https://t.co/IG2uKv6lRz
— Lance Lambert (@NewsLambert) May 7, 2023
Industrial Production [in Germany] has plunged 3.4% MoM in March vs. -1.5% expected, mainly driven by a 6.5% slump in auto production.
Good Morning from Germany where Industrial Production has plunged 3.4% MoM in March vs. -1.5% expected, mainly driven by a 6.5% slump in auto production. Manufacture of machinery & equipment (-3.4%) & construction output (-4.6%) add to the significant decrease in total production pic.twitter.com/Hgi1MSC311
— Holger Zschaepitz (@Schuldensuehner) May 8, 2023
Sunday, May 7, 2023
what homeowners “trapped” in a 2-3% mortgage rate looks like
This is what homeowners “trapped” in a 2-3% mortgage rate looks like pic.twitter.com/lM9NyGCeS4
— Ramp Capital Guy (@RampCapitalLLC) May 7, 2023
Friday, May 5, 2023
Stop looking at what they want you to look at -- runs on bank stocks that aren't in trouble -- ...and look at stuff that screams "Something is really wrong!"
Stop looking at what they want you to look at -- runs on bank stocks that aren't in trouble --
— Tom Luongo (Head Sneetch) (@TFL1728) May 5, 2023
...and look at stuff that screams "Something is really wrong!" pic.twitter.com/bqjgJjqvHM
Tuesday, May 2, 2023
According to Morgan Stanley HALF of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months when new lending rates are going to be up by 350 to 450 basis points.
Commercial real estate is in trouble.
— Genevieve Roch-Decter, CFA (@GRDecter) April 29, 2023
According to Morgan Stanley HALF of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months when new lending rates are going to be up by 350 to 450 basis points.
AND vacancies are about to hit 20%. pic.twitter.com/rNJezuaTPC