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August 30, 2022 | EPB Macro Compares 2022 and 2008 Housing Market Risks

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

This video presentation offers an illuminating comparison of US housing market risks today versus the last bust in 2008.

Many economists are talking about a potential 2022 housing crash, but very few are comparing this housing market to the 2008 crisis. In the video we will look leading indicators, debt levels, and monetary policy from both periods to determine the most probable path forward for the 2022 housing market. Here is a direct video link.

This time, a magnifying feature for the global downturn is that simultaneous property bubbles are also bursting in the world’s second-largest economy China, as well as places like Canada, Australia, New Zealand, the UK and Sweden.

Over the past 15 years, Chinese real estate development has been the world’s most impactful economic driver and commodity consumer. Now, sales and prices have fallen for 11 consecutive months in the 70 largest Chinese cities, and nine of the ten largest property developers have defaulted on payments to lenders. It is estimated that Chinese banks are some 3.5x more leveraged than the US banking system was in 2008.

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August 30th, 2022

Posted In: Juggling Dynamite

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