Told you. Bust a move. Now you are going to see layoffs start and the debt and overinvesting/overbuilding dominoes start falling. All those new apts? Defaults as jobs created from excessive fed cheap money now go away. You dont wash the bottom 70% financially from inflation in living costs without a bust. So I will tell you again.. The whole problem is INFLATION:rents food, living costs. Finally people just simply had enough. They are rejecting inflated costs now like a rebellion. But its actually been sometime in certain sectors like used cars. You will see a renters exodus/collapse slowly develop, then foreclosures as flippers can't rent. Same as in 2008. The whole economy is held up on housing way more than stocks so this should be a doozy as equilibrium takes over. Excess and greed will be judged. People who got punch drunk, loaded up on cheap debt and over invested dreaming of riches from rentals buying all cash and bidding wars will be held accountable for the raping of the poor and middle through wealth transfer from INFLATION. Just keep telling yourself there is and was no inflation, wall st, the fed and the media said so. Tanking assets is how the market rids itself of INFLATION. Inflation is anything over inflated. Which is everything. Heard of the everything bubble? Really everything inflation. Now we understand the truth whats happening (and whats coming).