You are talking about two different markets in this comment though:
CLO/MBS securities, some of which contained variable rate mortgages
buying/selling residences
1 crashed as results of 2 fail, ie people stop trading due to jobs issue.
Coming back to 2024, we are in only got 2 in play. People are not really buying or selling houses because people don’t get paid enough to justify the current price v monthly expense. Either price goes down or interest. It does not have to be economic doom unless something else fails along with it.
You are talking about two different markets in this comment though:
1 crashed as results of 2 fail, ie people stop trading due to jobs issue.
Coming back to 2024, we are in only got 2 in play. People are not really buying or selling houses because people don’t get paid enough to justify the current price v monthly expense. Either price goes down or interest. It does not have to be economic doom unless something else fails along with it.