Investor Steve Eisman, known widely for predicting the 2008 subprime mortgage crisis, which was dramatized in the 2015 movie The Big Short, says that he sees no signs of a similar crisis brewing in 2025.
Market Dynamics Fundamentally Different
Speaking on his podcast, The Real Eisman Playbook, on Monday, Eisman dismissed concerns regarding a potential real estate market crash, saying that current-day market dynamics are fundamentally different.
“The problems with the housing market today have nothing to do with subprime loans,” Eisman said. Instead, he pointed to the impact of sharply higher mortgage rates following the Federal Reserve’s pandemic-era rate cuts.
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According to Eisman, millions of …