Thursday, December 05, 2019
REPORT: KANSAS CITY HOUSING CRASH AND RECESSION COMING SOON!!!
Harsh times are already underway, here's just a bit of data confirming a slowdown and the implosion of the speculative, irrationally exuberant local real estate game supported by City Hall by way of taxpayer cash.
More deets about the bursting bubble here:
KC Biz Journal: Kansas City housing market may see nation's largest price decline in 2020
"According to a Realtor.com forecast released Wednesday, the nationwide market will slow because of low inventory and economic uncertainty. Overall, the number of sales are expected to decrease 0.8% to 5.23 million. In the metro, home sales will increase 3.4%, according to the report."
"The current inventory shortage is predicted to continue, possibly reaching a historic low. On the bright side, the report also predicts mortgage rates will stay reasonable, averaging 3.83% throughout the year."
Further reading from "many sides" of the economic debate:
Markets Insider: Goldman Sachs says that every one of its private equity clients is preparing for recession
Reuters: Gazing into the recession crystal ball
Bloomberg: Shoppers Won’t Save the U.S. Economy -- When economic growth depends too much on consumer spending, it’s usually a warning sign.
Seeking Alpha: The Probability Of A 2020 Recession Remains Near Zero
Motley Fool: Restaurant Recession Looms With Coming Wave of Minimum Wage Hikes
The Hill: Trump's tariffs are spooking markets while the economy slows
MarketWatch: Unproven monetary policies may not work as well if the public doesn’t trust policy makers
Developing . . .