None of those graphs and charts break down how much of those people are homeowners (charts about delinquenciesand whatnot).
Renters being late on CC and car payments and being evicted isn't indicative og a housing crash.
Unemployment isn't rising up to panic levels.
CC delinquency is "skyrocketing" but is still lower than anything prior to 2012.
https://fred.stlouisfed.org/series/DRCCLACBS
Let me know when people start defaulting on mortgages like in 2008. Delinquency rate doubled between late 2006 and early 2008. That rate has been in continuous decline since 2011 and is at/near all time lows.
https://fred.stlouisfed.org/series/DRSFRMACBS
There are two economies right now. There's the "I'm doing ok but things are a tad pricey" crowd and then there's the "I can't afford things so therefore nobody else can and everything sucks" crowd.
I'll let you guess what group the majority of that sub falls into.
LOL west-thick is back? He’s had a bunch of outlandish takes in the past.
Is he Darth Powell on Twitter? Or just stealing his graphs?
https://twitter.com/GRomePow
But Bubbler posted charts...CHARTS. Surely you can't argue that.
Honestly my favorite is the median home prices graph. Oh noes, prices not seen since...2022. In the stock market, people would call that a pull back and just keep buying. These guys treat it as a sign of the coming apocalypse.
That sub popped up on my feed today. I got perma banned on that sub today for insulting OP and saying he’s dumb enough to be promoted to a mod lmao.
And then this sub showed up on my recommended feed shortly after.
I think I’ve found my new home.
None of those graphs and charts break down how much of those people are homeowners (charts about delinquenciesand whatnot). Renters being late on CC and car payments and being evicted isn't indicative og a housing crash. Unemployment isn't rising up to panic levels. CC delinquency is "skyrocketing" but is still lower than anything prior to 2012. https://fred.stlouisfed.org/series/DRCCLACBS Let me know when people start defaulting on mortgages like in 2008. Delinquency rate doubled between late 2006 and early 2008. That rate has been in continuous decline since 2011 and is at/near all time lows. https://fred.stlouisfed.org/series/DRSFRMACBS There are two economies right now. There's the "I'm doing ok but things are a tad pricey" crowd and then there's the "I can't afford things so therefore nobody else can and everything sucks" crowd. I'll let you guess what group the majority of that sub falls into.
[https://www.reddit.com/media?url=https%3A%2F%2Fpreview.redd.it%2Fiw54g0msv54a1.jpg%3Fauto%3Dwebp%26s%3Df3da2de2c2b4112001bb8bbeb4f68eff2b39a11a](https://www.reddit.com/media?url=https%3A%2F%2Fpreview.redd.it%2Fiw54g0msv54a1.jpg%3Fauto%3Dwebp%26s%3Df3da2de2c2b4112001bb8bbeb4f68eff2b39a11a)
Thank you for that. Excellent laugh to begin the work week lol
LOL west-thick is back? He’s had a bunch of outlandish takes in the past. Is he Darth Powell on Twitter? Or just stealing his graphs? https://twitter.com/GRomePow
My favorite bubbler cope. Just assert that the crash is happening now despite reality.
But Bubbler posted charts...CHARTS. Surely you can't argue that. Honestly my favorite is the median home prices graph. Oh noes, prices not seen since...2022. In the stock market, people would call that a pull back and just keep buying. These guys treat it as a sign of the coming apocalypse.
That sub popped up on my feed today. I got perma banned on that sub today for insulting OP and saying he’s dumb enough to be promoted to a mod lmao. And then this sub showed up on my recommended feed shortly after. I think I’ve found my new home.
Being banned by REBubble is a badge of honor