Home prices are going to start falling, and it's going to be a major shitshow for the country

[Hugh_Lebowski]

9. I didn't mean to imply it's a bad thing for every person in every situation

But overall, US housing mostly being owned by the investor class, who can then set prices and rents ... is not a positive for the country, IMHO.

Even with prices and interest rates being what they are, I still get calls from corporations wanting to buy my house for cash nearly every single day, usually with an offer to let me stay and pay rent.

Something odd is going on and I think there's a plan to turn as many of us into tenants as possible. Soon the marketing message (if prices start falling) will be: sell your house to us cause look at interest rates and falling prices, homeowners! Get out while the getting is good! Hey you can even STAY!

I think once home prices start falling there's going to be massive sell-off to the investor class. Regular people won't want to buy with high interest rates and homes on a seemingly downward trend. They'll also want to rent. Leaving only the deep pockets to do the buying. And they'll work together to collectively offer as little as possible.

And then jack rents up.