Record #6848
U.S. home prices will crash on the scale of 2008, leaving essentially every mortgaged homeowner underwater
PendingRecorded occurrence
Each quote retains its own speaker, episode, publication date, timestamp when available, and full-source link.
Occurrence 1 of 1 · source record #6848 Timcast · Mitch McConnell Presumed DEAD w/ Dean Cain & George Santos
Original quoteThere's going to be every every homeowner will be underwater. It's going to be like 2008.
Quote begins at 31:12
Exact speaking time unavailable; using the official episode publication date.
How the call settles
National home-price indices (e.g. Case-Shiller) fall on a 2008-comparable scale and negative-equity data (e.g. CoreLogic) show a majority of mortgaged U.S. homeowners with negative equity; settles on the price collapse actually occurring, not on forecasts of it
Our reasoning
Pending. It will be judged only by this stored rule: National home-price indices (e.g. Case-Shiller) fall on a 2008-comparable scale and negative-equity data (e.g. CoreLogic) show a majority of mortgaged U.S. homeowners with negative equity; settles on the price collapse actually occurring, not on forecasts of it Deadline or event: open.