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.
How to Prepare for Food Emergencies if You Don’t Have a Homestead or Bunker
In an unpredictable world, where supply chain disruptions, natural disasters, or economic instability can strike without warning, having a reliable food supply is more than just smart—it’s essential for survival. Whether you’re a “prepper” or not, we all know the golden rule: self-sufficiency is key. But what if you’re living in an apartment, working long hours, or simply don’t have the land to turn into a thriving homestead? Don’t worry; there’s a practical, effective way to build your food security without needing acres of soil or a fortified bunker.
The Ideal Prep: Building Your Own Food Empire
The ultimate dream for any serious prepper is controlling your own food production. Imagine waking up to a sprawling garden bursting with fresh vegetables, fruits, and herbs—tomatoes ripening on the vine, potatoes ready to harvest, and greens that provide nutrition year-round. Add in livestock like chickens for eggs and meat, and you’ve got a self-sustaining system that keeps your family fed no matter what chaos unfolds outside.
This approach isn’t just about calories; it’s about resilience. A well-maintained garden can yield hundreds of pounds of produce annually, while a small flock of chickens might produce dozens of eggs weekly. It’s empowering, cost-effective in the long run, and teaches invaluable skills like crop rotation, animal husbandry, and preservation techniques. If you have the space, time, and resources, starting small and scaling up is the best path to true independence.
The Reality Check: Not Everyone Can Homestead
But let’s face it—not all of us are in a position to go full homesteader. Urban dwellers might be limited to a balcony or community plot that’s far from sufficient for long-term needs. Busy professionals juggling jobs, families, and daily life often lack the hours required for daily tending. And for those in apartments, condos, or regions with harsh climates, raising livestock or maintaining a large garden simply isn’t feasible. Factors like zoning laws, soil quality, water access, or even physical limitations can make this ideal out of reach.
That’s where the frustration sets in. You want to be prepared, but without a homestead or bunker, how do you ensure your pantry doesn’t run dry during a prolonged crisis? The good news is, you don’t have to sacrifice your preparedness goals. There’s a smart, accessible alternative that bridges the gap: investing in high-quality, long-term storage food.
The Smart Alternative: Long-Term Storage Food from Heaven’s Harvest
Long-term storage food is designed for exactly these scenarios—providing nutrient-dense, shelf-stable meals that last for decades without refrigeration or special conditions. It’s the perfect solution for preppers who can’t rely on fresh production but still demand reliability and variety in their emergency stockpile.
At Heaven’s Harvest, they specialize in premium survival food kits that make preparedness effortless. Their products are crafted with the prepper mindset in mind: non-GMO, made in the USA, and packed with real ingredients that taste like home-cooked meals, not bland rations. Whether you’re stocking up for a short-term blackout or a long-haul SHTF event, our kits offer:
- Extended Shelf Life: Up to 25 years of storage, so you can buy once and forget about rotation worries.
- Nutritional Balance: High-protein entrees, fruits, vegetables, and dairy alternatives to keep your energy up and health intact.
- Ease of Preparation: Just add water, and you’ve got hearty meals like beef stroganoff, chili mac, or cheesy lasagna ready in minutes—no garden weeding required.
- Customizable Options: From individual buckets to family-sized kits, scale your supply to fit your needs and budget.
- Peace of Mind: Sealed in durable, waterproof containers that protect against pests, moisture, and light.
Unlike generic store-bought cans that spoil quickly or lack variety, Heaven’s Harvest focuses on quality and sustainability. Our food is freeze-dried or dehydrated to lock in flavor and nutrients, ensuring you’re not just surviving but thriving. And for those concerned about allergens or dietary preferences, we offer gluten-free and vegetarian options to keep everyone covered.
Why Wait? Secure Your Food Supply Today
Preparing for food emergencies doesn’t require a homestead or bunker—it requires action. By choosing long-term storage food from Heaven’s Harvest, you’re taking control in a way that fits your lifestyle. Start small with a 72-hour kit to test the waters, or go all-in with a year’s supply for ultimate security.
Visit Heaven’s Harvest today and use code “PATRIOT” for an exclusive discount on your order. Don’t let limitations hold you back; build your resilient future, one meal at a time. Your family will thank you when it matters most.
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.