3min chapter

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The Fed is Being Punished (EP.261)

Animal Spirits Podcast

CHAPTER

The Housing Market Wasn't Healthy During the Great Financial Crisis

The housing market wasn't healthy before, but now it's going to be even weirder. People are like you me, that things are worse now than they were during the great financial crisis. This deftly changes the equation. If you're in a mortgage rate on to four % and you think about selling your house and geting a new mortgage rat at six%. Think there's probably going to be a buyer's strike and a seller strike. And then it'sgoing to be trading penny stocks for houses,. Like there's going o be noboti going to being a thinly traded market.

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