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Bet the crash will be in housing again, and will be triggered by Zillow shennanigans Sometimes the butler is the one you suspect the least because he’s the one you suspect the most. “Butler did it” meta edition
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Sure, but is your theory that a bunch of investment banks have collateral debt obligations on...Zillow? I don't think you're wrong about a real estate bubble, just very very very skeptical any of us will be thinking about Zillow's aborted iBuyer division in 1 week.
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American household balance sheets have never been better. Everyone has record low cost, long term debt. Inventory low. Demographics are strongest for housing demand since boomers were in their 30s. Coming off a decade of record low new home construction. Expect 5-10% annual HPA.
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