The Largest Mortgage Crisis in U.S. History (100x Worse Than 2008)

Mortgage demand has dropped to its lowest level since 1995. The Mortgage Application Index now sits at 128, a level not seen in nearly three decades. And the decline is accelerating.
This data comes from the Mortgage Bankers Association and suggests that the spring 2025 housing market will see empty open houses and price cuts.
With home prices now starting to drop already in a variety of different states, including Texas, Florida, and Colorado.
The big issue in the market right now is that home prices are still near record highs adjusted for inflation, and that mortgage rates have surged again to 6.96% after briefly dipping in mid-September.

[@Ttow49]

I'm not over paying for a house that some idiot is trying to sell because he knows he way overpaid for in a bidding war😂😂 find another sucker

[@Ttow49]

Buy a home is not out of reach it is simply a bad decision

[@frankfitz3421]

Even if we pay cash?..

[@Ttow49]

@frankfitz3421 i guess it depends on if the seller is going to give you at least 40% Off because you pay cash or not

[@Bro-hl1pq]

Government reckless overspending on bullshit.

[@frankfitz3421]

From what ive seen in the past and continue to see is that people find it more important to spend $ on cars, phones, clothes, stuff in general than use there earnings more efficiently. Looking good has been a long time trend. I like to look poor but i can buy a new vehicle cash if i wanted to.

[@matthewsmith2362]

Me too, I drive an old fj cruiser and do everything myself. My big splurge in life is a cleaning lady 2 times a month for my 3/2 1200 sq foot house she charges me 120$ per visit. I have 2 million and I change my own oil, shit I’m doing shocks and struts on my wife’s Honda this weekend. Y the weekend? Oh cuz I still work a 40 hr week as a project manager of a construction company

[@matthewsmith2362]

I intentionally live in a working class neighborhood so I never feel down about my lifestyle cuz all the people around me are living about the same. It’s a good life Try not to overspend out there people

[@anthonyperrone8083]

Difficult times; unfortunate for new families trying to buy a 🏠

[@nolebabecali1543]

Homes are grossly overpriced

[@Amrknegypt]

I sold all my real estate in 21/22 in which I bought in 2014. I feel so free I rent and save most my incoming me. I need to see at least a 20% correction before I buy again.

[@dmatthews077]

Primary residents and first-time buyers need a program to lower interest rates. It'll break the "rate locked" stalemate and decentivise investors swooping in.

[@TheOriginalLugnuts]

Why? The historical average is 7%, interest rates are normal what we had was abnormal.

[@dmatthews077]

@TheOriginalLugnuts was the historical price-to-income ratio 5.8? No, sorry, I forgot, it's the highest it's ever been. Almost doubled what it used to be. The government can't force home prices to be cheaper, but they can subsidize interest rates.

[@ziike8184]

Gotta say... that inhale/breathing pushed me away from the video at the four minute mark. Other than that, seemed like solid information properly prepared. Just... fix the audible breathing, very noticeable.

[@mark-204]

Klaus Schwab "You Will Own Nothing and be Happy"

[@shanerogers9386]

Why is he or anyone at the WEF still breathing air ?