On The Market

The “Great Stall” Has Begun

24 snips
Nov 27, 2025
Explore the intriguing concept of the "Great Stall" in the housing market, where prices stagnate but opportunities arise for savvy investors. Discover the potential for a housing crash or a surprising rebound, and learn how market affordability drives demand. Dave breaks down key strategies for navigating this unique phase, emphasizing conservative investing and the importance of being prepared. With realistic expectations and a focus on cash-flowing assets, find out how to leverage the current market for future gains.
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INSIGHT

Affordability Is The Central Driver

  • Affordability is the single most important variable driving both housing supply and demand right now.
  • Dave Meyer says affordability combines wages, prices, and mortgage rates and must improve for healthier markets.
INSIGHT

Three Paths To Restore Affordability

  • Affordability can improve through higher wages, lower prices, lower mortgage rates, or combinations of these.
  • Dave Meyer stresses all three components must move to restore affordability, not just prices alone.
INSIGHT

Labor Market Adds A New Constraint

  • The labor market (proxied by unemployment) is a new crucial variable adding risk to Dave's thesis.
  • He warns affordability improvements won't help if unemployment spikes and people can't act on them.
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