Aug. 10 at 1:03 PM
$SPY $DHI $TOL $KBH $BRK.B
Keep in mind the timeframe from the Buffett speech in 2005. That was roughly 1 year prior to complete oversupply in 2006.
Rollover took place in 2007 and a complete wipeout in 2008.
I personally believe we are in 2005 now.
My call for peak 2026 aligns well with the 2006 period.
Will my timing be exact, No, but it’s all coming to a head.
I’ve called for a solid 30% correction in housing across the board. Some areas will see higher losses.
Stock market will fall 50%
From peak to trough during the Great Recession (approximately 2007 to 2009), the aggregate net worth of American households experienced a substantial drop:
Total decline: Approximately
$16-17 trillion.
Percentage decline: Around 20% to 26%.
This drop was largely due to:
Falling home values: A decline of roughly 30% in real terms, wiping out over
$6 trillion in accumulated housing wealth.
Declining stock market: U.S. stock indexes lost half their value.
https://youtu.be/ODoWtQY0TdY
