Housing won't be affordable until 2031 at the earliest, according to Redfin.
If mortgage rates hold at 7.5% and home prices flatline, it'll take 6 years just to get back to 2018 affordability levels when buyers spent 30% of income on payments.
In half of major metros it's worse. New York, Chicago, Philly, Detroit, Tampa? Try 10+ years. Prices outpacing incomes hard.
This isn't a dip you can buy. This is generational wealth transfer in real time. If you're not positioned in assets that outpace inflation, you're getting priced out of homeownership permanently.
The macro setup screams one thing: hard assets, crypto, anything scarce. Fiat purchasing power is getting demolished and housing is the canary in the coal mine.
If mortgage rates hold at 7.5% and home prices flatline, it'll take 6 years just to get back to 2018 affordability levels when buyers spent 30% of income on payments.
In half of major metros it's worse. New York, Chicago, Philly, Detroit, Tampa? Try 10+ years. Prices outpacing incomes hard.
This isn't a dip you can buy. This is generational wealth transfer in real time. If you're not positioned in assets that outpace inflation, you're getting priced out of homeownership permanently.
The macro setup screams one thing: hard assets, crypto, anything scarce. Fiat purchasing power is getting demolished and housing is the canary in the coal mine.