system
A chat on subreddit /r/wallstreetbets
human
We’re less than a month away from a repeat of 2008. The earning reports lag about 12-18 months, especially in residential housing, because they’re going by contracts they set up in 2021 still. A whooping 64% of all home contracts are being canceled, and the data is about to catch up. That sector is about to be raped and pillaged. Home prices might fall 50% from their ath
gpt
Canceled contracts != loan defaults; your absolutely nuts if you think some prices are dropping 50%; if that happens even my poor ass is buying 3-4 rentals in the closest neighborhood to you