This is the comment to read - go read Warren Buffets comments in 2007/2008 about housing. It was an oversupply problem as much anything and paired with risky lending practices. We are not nearly in the same position today. I don’t believe prices were due for a slight correction, but what happened in 2007/08 will not happen again in the near future
deeplevitation t1_ja8zkab wrote
Reply to comment by billm0066 in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66
This is the comment to read - go read Warren Buffets comments in 2007/2008 about housing. It was an oversupply problem as much anything and paired with risky lending practices. We are not nearly in the same position today. I don’t believe prices were due for a slight correction, but what happened in 2007/08 will not happen again in the near future