BREAKING: Inflation adjusted home prices are now a near record 100% higher than the long-term 130 year average, according to Reventure.
— The Kobeissi Letter (@KobeissiLetter) August 26, 2024
Even at the peak before the 2008 Financial Crisis, inflation adjusted home prices were ~10% below current levels.
Furthermore, prior to the… pic.twitter.com/hZys0UQCfo
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There is no surprise here. We’ve been here the whole time. It’s gonna crash, if you own a home, be glad you have someplace to live when it does.