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RE: Housing Bubbles Ready To BURST Throughout The US! - Markets Are OVERHEATING!
I think you are 2 years early. And I think the bubble this time around will not start in housing.
There is $1.4T in consumer auto loans. Something like 25% are given to people with no credit! The default rate has been ticking up. The auto industry peaked last fall. We only recently had a temporary spike in car sales due to the hurricanes.
There is a over $1T in student loans. People are defaulting on these.
There is as much as $7T in unfunded pension liabilities. Illinois and California are leaders in this stinking mess and people with wealth have been leaving Illinois in droves over the past few years.
Yup! We've reported on all of that.
The banks are putting out a ton of auto backed securities while demand is plunging.
The fundamentals are completely off the table due to the level of manipulation so it's hard to say what's going to happen first. We aren't going the Peter Schiff route of constantly saying "next month!" haha So we're not saying it's immediately going to happen, but all the tell tale signs are out and swinging. It's only a matter of time. It technically by fundamentals should have happened already.