And there it is...
Wife who is in Real Estate was looking though the MLS here in the formerly the Super Hot Austin market this morning, and house after house after house coming back on the market after deals have fallen through....
Get ready for the inventory surge...and pricing to reflect that soon enough
Been telling her this was coming, and she kept sayin' not in Austin....Heh Heh, we'll see about that...
And our commercial broker who was looking at me like I was crazy when I showed him the 10 year floor recapture chart back in December, and told him rates were about to soar, not laughing any more....
Even I wasn't expecting this much this fast, but that is what 80 year cycle floor recaptures are capable of...and we may not even be done with the initial surge yet...look what happened on the CRB index breakout...
What about Da Cheif's global inflationary boom?
LOL
Edited by CLK, 08 May 2022 - 12:02 PM.