The housing market nightmare is getting worse all over America. The downturn that started in the summer of 2022 just triggered the biggest decline in home prices in eleven years! Mortgage companies are now engaging in mass layoffs, real estate economists are warning about a housing recession, and the National Association of Realtors believes that home prices still have much further to fall.
In fact, in overvalued markets, homeowners may see the value of their properties drop by half before we enter 2024, according to experts’ estimates. This can translate into a six-digit loss in home equity in just one year. Conditions are getting eerily similar to the ones that led to the 2008 financial crisis, a famous Big Short investor says. In other words, now we all must keep a close eye the on the reg flags that indicate we’re heading into another disaster.
At this point, approximately 37 of the 50 largest markets in the country have already reported double-digit price drops, with homes in some markets falling by up to 25% from their 2022 peak, according to NAR chief economist, Lawrence Yun. During an interview with Insider, the expert revealed that home prices will fall by half in overvalued markets, and that’s especially true for metros in the West, where he is forecasting 0% home-price growth in 2023.
Goldman Sachs analysts wrote that “overheated housing markets in the Southwest and Pacific coast, such as San Jose MSA, Austin MSA, Phoenix MSA, and San Diego MSA will likely grapple with another decline of over 25 percent, presenting a localized risk of higher delinquencies for mortgages originated in 2022 or late 2021.”
A notorious Big Short investor says that once again conditions are pointing to a financial nightmare. Dave Burt, CEO of investment research firm DeltaTerra Capital which helps clients manage risks, was one of the few experts who recognized the housing market was falling apart in 2007.
“I’m always on the lookout for big systemic issues and there are a few reasons for that,” Burt told CNBC. The correction that is already in motion will be “very, very damaging within those exposed communities,” Burt warned. Concerns over a housing crash are also panicking investors like Jeff Greene, who made a lot of his wealth during the 2008 recession and is warning about a destructive period across the entire real estate market.
Jeffrey Roach, chief economist for LPL Financial in Charlotte, North Carolina, said in a statement that the current Fed outlook is reminiscent of 2007 before the housing market crashed. “This current environment could be eerily similar to early 2007 when the Fed held a tightening bias on rates as they believed the housing market was stabilizing, the economy would continue to expand, and inflation risks remained,” Roach said. “Clearly, those expectations were not met since we know what happened in later quarters. Investors should anticipate some volatility during these months where the economic outlook remains cloudy.”
Sadly, even though the drop in prices may be good news for aspiring homebuyers hoping to catch a break, the crash could ultimately wipe out $100,000 of the value of the average home, NAR estimates. This would leave many families with negative home equity, and a mortgage crisis could break out, plunging us into the worst financial crisis in modern times. The red flags are many, and we all should stay alert and carefully watch the new developments of this crisis.
Article and video via Epic Economist.
Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.
Commies destroy EVERYTHING
I see you’ve been to the left coast.
I had negative equity in my house in Sac for 9 years. In year 10 the market roared back and I sold at a hefty profit. All the while during the nine years of negative equity, I paid down principal and took advantage of the mortgage interest deduction on my taxes.