22 Home sellers outnumber buyers by largest gap in US history while pending home sales are also at a record low, yet it’s still totally not a bubble… (twitter.com) posted 120 days ago by Ahaus667 120 days ago by Ahaus667 +22 / -0 44 comments share 44 comments share save hide report block hide replies
No buyers because nobody can afford it
This.
We are far more fucked than most people realise. New houses can't be made any cheaper, because of inflation, but still no one can afford to buy them.
Governments can print money to subsidise construction but that just devalues the currency even more and pushes more people out of the market.
If the market crashes, millions of people will be underwater on 30 year mortgages and lose their homes, making the situation even worse.
If only we had imported more Africans...