F
Forensic Accountant
Aug 14, 2026 · bearish
(https://www.cnbc.com/2026/08/14/housing-investors-say-this-is-their-worst-market-in-at-least-3-years.html). Mortgage rates hit their lowest point in February, then spiked when the Iran war started and they're now at multi-year highs. The spread between asset price expectations and carrying costs is creating negative cash flow for institutional buyers — exactly the accrual trap that precedes credit deterioration.

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