John Rubino's Substack

John Rubino's Substack

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John Rubino's Substack
Finally, The Housing Crash
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Finally, The Housing Crash

Multiple problems, no solutions, panic coming

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John Rubino
Sep 21, 2023
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John Rubino's Substack
John Rubino's Substack
Finally, The Housing Crash
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Spiking interest rates are normally a death knell for homebuilders, for obvious reasons. Higher mortgage rates raise monthly payments, which crash house prices, which make existing houses cheaper than newly built ones, which causes demand for new houses to shrink, which causes homebuilders to lay off their workers and sell their spec houses and excess l…

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