someone convince me that a housing market crash would be... like... bad to me it currently just sounds like "maybe I could afford to buy a house before I'm 45"https://twitter.com/MonicaPerezShow/status/1244866671451373569 …
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Replying to @thesmokingman73 @RoadBray
I can see the correlation, but I don't understand the mechanism in 2008 it seems it was because the banks were also all collapsing, but...?
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Replying to @ded_ruckus @RoadBray
(is it just something so simple as "falling house prices hurt retail demand from homeowners"?)
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I wrote a paper on this Housing shocks are probably bad mojo lemme see if I can find it
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Eh maybe not as important as I thought carry on
6:06 AM - 31 Mar 2020
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