Wolfstreet report – West Coast Housing Bubble Bursts Even Without Tech Bust, which is still to come
Het Wolfstreet report van deze week gaat over de inzakkende huizenbubble aan de Amerikaanse westkust (inclusief het Canadese deel).
En dat zonder dat er al duidelijke aanwijzingen zijn dat de techbubble die aan de basis stond van deze onroerend goed ontwikkelingen ineen zijgt.
The biggest housing markets of the West Coast — the Seattle metro, the San Francisco Bay Area, and the Los Angeles and San Diego metros — went through phenomenal price inflation over the past few years, with prices having shot way past their highs of Housing Bubble 1, before it imploded. This multi-year surge culminated in a last-glory spike early this year. Since then, housing markets have turned south at different speeds. And unlike the prior two housing downturns, the inevitable Tech Bust hasn’t even started yet.
Publicatie 9 december