Housing analyst Melody Wright returns to Natural Resource Stocks with host Steve Yang to warn that America’s housing market has lost touch with reality — and that the proposed 50-year FHA mortgage is not a solution but a symptom of systemic failure. Wright calls it “spaghetti at the wall,” arguing that politicians and regulators are avoiding the core issue: homes are no longer priced against income but against speculation.
In this conversation, she details how debt-to-income ratios have quietly crept back to 2008 levels, why property tax and insurance inflation are causing mass defaults, and how fraud among investor networks is setting up the next major reckoning. She explains that today’s risk isn’t private-label subprime but a new wave of government-backed subprime at scale, as FHA and GSE programs take on ever-riskier books of loans.
Wright also shares her concern that narrative control in mainstream media has hidden the severity of the situation from the public — and that the next housing shock may already be baked in.
Guest Links
- X (Twitter): https://x.com/MelodyWright
Host — Steve Yang | Natural Resource Stocks
Website: https://www.NaturalResourceStocks.net
YouTube (Main): https://www.youtube.com/@naturalresourcestocks
YouTube (Clips): https://www.youtube.com/@NaturalResoureStocksClips
X: https://x.com/TheSteveYang
LinkedIn: https://www.linkedin.com/in/thesteveyang/
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