At least 4M US workers have received pay cuts since Feb

[Danny Webber]

"At least 4M US workers have received pay cuts since Feb even as they continued working same job & millions more have seen pay freezes according to economists from Fed & University of Chicago who put out study analyzing data from...ADP”
Another Headwind for the housing market. (except for Austin, TX which is bulletproof for now)

There will definitely be a rush for the door at some point. I hope folks can think far enough ahead to make it somewhat orderly. Is anyone seeing any overt signs of distressed sellers anywhere in Texas?

https://www.politico.com/news/...