Jon Brooks
@jonbrooks
Most housing headlines are wrong.
I break down what’s actually happening in real time.
$3.5B+ sold | 8,500+ units since 2020
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加入 August 2015
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“Homeowners have record equity.”
Yeah…
Because housing went up 60% in 3 years.
That’s not a healthy market.
That’s what bubbles do.
People keep confusing:
“owners aren’t distressed”
with
“prices are fundamentally sustainable.”
Those are not the same thing.
You don’t need NINJA loans for a housing correction.
You just need:
- prices detached from incomes
- affordability collapsing
- buyer demand drying up
- inventory rising
- transaction volume freezing
2008 was a credit bubble.
This cycle looks more like an affordability + liquidity bubble.
@m3_melody
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