Chart - Z1P, page-16179

Very interesting interview/discussion which confirms my view markets will take out GFC lows., notwithstanding we are due a bear market rally this week or next.Here is a good resource on how far housing can fall after the bubble bursts which is typically 40 to 60 percent

.https://en.m.wikipedia.org/wiki/Housing_bubble





However note that housing was already correcting before Covid which then produced massive fiscal stimulus that propelled housing to unprecedented levels above the median.For every action there is an equal and opposite reaction and the coming housing bust will be the biggest on living memory.



This is a linear ( not log ) chart but highlights how devastating this housing crash will be and I think all BNPL will experience bad debt levels in excess of income.

Technically for a tradeable rally Zip and Sezzle are short term buys but ultimately I'm convinced they will go bust.