Housing prices in Texas, Florida, and other historically “desirable” states are currently tanking hard with no sign of stopping. This is usually an incredibly reliable indicator of massive strains in the economy, since if people can’t afford housing, the generally can’t afford ANYTHING. The reason this has flown under the radar thus far is simple: Trump’s antics are SO INSANE that they’ve effectively overshadowed basically everything else that’s been going on in America.
This is BAD. Add onto this Southern States’ insistence on rolling back any and all disease prevention measures, and we have a multifaceted economic crisis in the making.
Housing prices in Texas, Florida, and other historically “desirable” states are currently tanking hard with no sign of stopping. This is usually an incredibly reliable indicator of massive strains in the economy, since if people can’t afford housing, the generally can’t afford ANYTHING. The reason this has flown under the radar thus far is simple: Trump’s antics are SO INSANE that they’ve effectively overshadowed basically everything else that’s been going on in America.
Business Insider - Florida Market Coldest in Country
Newsweek - Texas faces massive housing correction
Newsweek - Florida Condo Prices Falling Fast
This is BAD. Add onto this Southern States’ insistence on rolling back any and all disease prevention measures, and we have a multifaceted economic crisis in the making.