@JulieChangRE Home price to Income Ratio is pretty high. Average consumer is under lots of pressure. Credit availability is providing pressure relief - most people juggling 'payments'.
@JulieChangRE Sprawl puts lots of financial pressure on local governments. Lots of roads to maintain , lots of area for public safety cover , lots of infrastructure etc. not a fan.
@JulieChangRE I think multi generation households ease housing costs for a lot of people. I think 84 month auto loans are becoming popular and I think buy now pay later is being used for just about everything. In summary - lots of folks are over extended.
FOR THE FIRST TIME IN 53 YEARS, THE KNICKS ARE NBA CHAMPIONS 🏆
New York defeats San Antonio 4-1 in the NBA Finals, capturing their third championship in franchise history!
@JulieChangRE The pipeline isn’t looking good either since there’s a big romance gap with Gen Z - “44% of Gen Z young men reported having absolutely no dating experience during their teenage years.” Coupled with weak economic viability - there will be less relationships/less mating.
@JulieChangRE Construction loans are also drying up. I thinkr MF new build will slow down. May have down stream impact. Not to mention private lenders are tightening the belt.