{"id":21482,"date":"2025-04-10T12:03:11","date_gmt":"2025-04-10T12:03:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21482"},"modified":"2025-04-10T12:03:11","modified_gmt":"2025-04-10T12:03:11","slug":"are-we-going-into-a-recession-the-housing-market-is-about-to-collapse","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21482","title":{"rendered":"Are We Going Into a Recession? The Housing Market is About to Collapse"},"content":{"rendered":"
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Are we going into a recession? 42% of mortgage refinance applications are being rejected, the most in history.<\/p>\n

Additionally, private sector debt is ~$30.5T, and $18T of that is household debt (mortgage, car, credit card, HELOC). That\u2019s nearly as high as the national debt<\/a>, carrying much higher interest rates, and the private sector can\u2019t print money<\/a> or levy taxes.<\/p>\n

Oh, and the student loan repayments are about to resume at much higher levels after COVID loan debt deferment payments wear off. Is the U.S. screwed?<\/p>\n

\"\"<\/p>\n

Are We in a Recession or Headed Towards One?<\/h2>\n

In addition to the debt, the housing market is out of the hands of U.S. buyers and in the hands of China.<\/p>\n

Foreign creditors, led by China, are dumping U.S. mortgage bonds, injecting new anxiety into surging mortgage rates. Nearly $1.32 trillion in U.S. mortgage-backed securities were in foreign hands at the year\u2019s start, but the tide is receding fast. China alone slashed its stake by almost 20% by December 2024, while Japan and Canada have hit the brakes on fresh buys.<\/p>\n

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The housing market is insane.<\/p>\n

Why would I buy a home that has increased +212% in the last 7 years?<\/p>\n

I feel like it makes sense to wait for prices and rates to drop.<\/p>\n

Am I wrong? pic.twitter.com\/3H9Iod4Xiv<\/a><\/p>\n

\u2014 Ethan (@EZebroni) April 6, 2025<\/a><\/p>\n<\/blockquote>\n