Monday, September 24, 2018

Alrighty then.

"The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch." Source.

Zero housing growth. Check. That also means also this home improvement boom is also gone for now. I could already see it this weekend. About a month ago if you walked into a Home Depot at 10:00 on a Saturday it was jaw dropping how many people were there. This weekend there was half as many.

People are infinitely aware of their equity, and a market like this sets off a certain feedback loop.

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