Posted 9/12/2021 22:45 (#9217398 - in reply to #9217368) Subject: RE: Burry: The Market Will CRASH. This Time It's NOT Different...
Money printing, inflation, blah blah blah.
Some things leading the 08 crash, was lending higher than appraised value. Lending to poor credit, in fact almost anyone. Basing payment off 50% of income, now it is 40%. Lenders have tightened down their criteria. With the shortage of houses, increasing population, they can’t build them fast enough, also some developers are hesitant to stick their neck out too far, because they lived through 08, and are due for retirement.
As far as other segments of the economy, there will be winners and losers when a Correction(not crash) happens.