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Ben Jones: The Housing Bubble Is Popping Right Now

Peak Prosperity, Released on 11/26/18

As we’ve been tracking here at PeakProsperity.com, the housing market is starting to look quite ill. After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new bubble-highs. Has the Housing Bust 2.0 begun? If so, how bad could things get? And what steps should those looking to pick up values at much lower prices in the future be taking?

This week we talk with citizen journalist Ben Jones, property manager and publisher of TheHousingBubbleBlog — where he tracks the latest headlines and developments in the housing market. And given the stream of data Ben sees every day, he’s extremely pessimistic on home prices in most major markets worldwide.

Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the launch of his seminal video seminar which later became a book called The Crash Course. Chris’ latest book (co-authored with Adam Taggart) is called Prosper!: How to Prepare for the Future and Create a World Worth Inheriting.

One Response to Ben Jones: The Housing Bubble Is Popping Right Now

  1. Donald Reply

    11/27/2018 at 10:46 pm

    More or less a near useless commentary. The recent world-wide real estate bubble has been driven by investment funds (i.e., pension funds) and overseas investors. How do I know this? Easy. Here is a statement on the housing market:

    “Housing debt now totals $8.94 trillion [in Q1 2018], close to, but still shy of, the $9.99 trillion peak we saw in the third quarter of 2008.

    So its clear that Americans are not driving this bubble. But what happens when the funds or overseas buyers need to raise cash in a crisis moment? Market sell???

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