U.S. mortgage interest rates top 6% for first time since 2008. This will accelerate the housing collapse. People are freezing up on purchasing homes and so many people are sitting out sensing there is something wrong in this market. This is the first inning of this economic collapse. Child birth rates are down 20% since 2007 so we are below replacement. A very similar situation that is happening in a lot of these other 1st world countries. So we have to question how all these single family homes are getting thrown up and all these apartment buildings are being built. It is mainly because people spaced out and weren't living in shared situations and suddenly when the going gets tough they aren't going to renew expensive leases and they are going to end up grouping up with family or friends.
When all the gig economy apps are full and you can't even get on them you know something is going on. The point has been made that we have been hearing about how no one has any savings and are operating at redline for the last 5 years and the economy never collapses. It just keeps getting kicked down the road further and further. People say they can just print their way out of the situation but I think it is very unclear how they are going to get all that to fly when there has been so much money pumped in the system over the last two years.
