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<blockquote data-quote="Slim Whitman" data-source="post: 1481689" data-attributes="member: 21253">When articles like this start appearing in major publications, it&#039;s a harbinger of doom for the housing market. The good news for people who already own their homes is they can just stay in them, and enjoy the low interest rates they crowed about so much. If the monthly payment is all that matters then cratering values shouldn&#039;t effect them. For those who don&#039;t have a home, the good news is that they can keep saving a down payment and improving their credit, and they&#039;ll be in position to enter a buyer&#039;s market when the time comes.[URL unfurl=&quot;true&quot;]https://markets.businessinsider.com/news/stocks/jeremy-grantham-housing-bubble-nasdaq-spacs-peak-bear-2021-6-1030486807[/URL]Jeremy Grantham said on Wednesday that real-estate bubbles were popping up in almost every market around the world and that eventually there&#039;d be a &quot;day of reckoning.&quot;&quot;This time you look around and you find the real estate is suddenly pretty bubbly in almost every interesting market in the world,&quot; he said.&quot;You can&#039;t keep an asset class like housing, where the house doesn&#039;t change, and you&#039;re just marking it up in real terms year after year,&quot; Grantham said. &quot;Eventually there&#039;ll be a day of reckoning.&quot;</blockquote>

[QUOTE="Slim Whitman, post: 1481689, member: 21253"] When articles like this start appearing in major publications, it's a harbinger of doom for the housing market. The good news for people who already own their homes is they can just stay in them, and enjoy the low interest rates they crowed about so much. If the monthly payment is all that matters then cratering values shouldn't effect them. For those who don't have a home, the good news is that they can keep saving a down payment and improving their credit, and they'll be in position to enter a buyer's market when the time comes. [URL unfurl="true"]https://markets.businessinsider.com/news/stocks/jeremy-grantham-housing-bubble-nasdaq-spacs-peak-bear-2021-6-1030486807[/URL] Jeremy Grantham said on Wednesday that real-estate bubbles were popping up in almost every market around the world and that eventually there'd be a "day of reckoning." "This time you look around and you find the real estate is suddenly pretty bubbly in almost every interesting market in the world," he said. "You can't keep an asset class like housing, where the house doesn't change, and you're just marking it up in real terms year after year," Grantham said. "Eventually there'll be a day of reckoning." [/QUOTE]

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