"The Math No Longer Works" As Sky-High Mortgages Pop Housing Bubble | Wolf Richter
Wealthion, Released on 11/9/22
"After mind-boggling ridiculous spikes, home prices in most markets are dropping. And in some markets, they're plunging at the fastest pace on record And in some cases, they're going down faster than they'd spiked on the way up. And it's just the beginning."
So says analyst Wolf Richter in his recent post "The Housing Bubble Has Popped, and the Fed Can Let it Rip"
Just how bad may things get from here? We sit down with Wolf to find out.
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.
Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the 'startup thing' (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he's a devoted husband and dad.
"The Math No Longer Works" As Sky-High Mortgages Pop Housing Bubble | Wolf Richter added by Herman James on 11/08/2022View all posts by Herman James ?+'