More data on the shifting market

[Keith Miller]

Super interesting graph on the monthly supply of new houses over the last 60 years. I can't see an example of this sort of a jump in housing supply that wasn't followed by a recession. We've already had two quarters of negative GPD growth, which is what I was always was told was the definition of a recession. The recession is already here, the question is how severe it will be, and how it will affect the housing market. 

Talking like this probably seems like I'm saying "the sky is falling", but I'm still closing on a five-plex with a partner in September. If a deal make financial sense and is being bought under market value, then I'm always going to go for it. But to ignore what's going on in the wider market seems foolish. I'd love to hear what you think will happen next, comment below!