This is a typical Real Estate cycle. I've been watching RE since the 70s. The RE cycle repeats itself in the same way. The government exacerbates the cycle with stupidity. Take for instance the Dodd-Frank bill which caused the RE bubble to burst in 2007. Whenever the government manipulates the process it gets worse.
Big Corporations are buying RE at a higher percentage then in past cycles. This causes a run up in the market. The Fed is going to squash this RE market by raising interest rates to bring down the inflation rate which is caused by the DOLT in Chief. The current inflation is caused by a tripling of fuel prices. Fuel prices affect EVERYTHING. As the market cools, people who got in at the tail end of the pyramid scheme will have to wait 5 years to be able to sell their house at the price they paid. I remember when interest rates for housing was at 18% during the JIMMY CARTER years. LOOK IT UP. People were happy to get in at that rate because the threat was they were going to go up to 25%. My advice is to wait it out. If you want to move, then move and rent for a few years. You will save money in the end.
This is a typical Real Estate cycle. I've been watching RE since the 70s. The RE cycle repeats itself in the same way. The government exacerbates the cycle with stupidity. Take for instance the Dodd-Frank bill which caused the RE bubble to burst in 2007. Whenever the government manipulates the process it gets worse. Big Corporations are buying RE at a higher percentage then in past cycles. This causes a run up in the market. The Fed is going to squash this RE market by raising interest rates to bring down the inflation rate which is caused by the DOLT in Chief. The current inflation is caused by a tripling of fuel prices. Fuel prices affect EVERYTHING. As the market cools, people who got in at the tail end of the pyramid scheme will have to wait 5 years to be able to sell their house at the price they paid. I remember when interest rates for housing was at 18% during the JIMMY CARTER years. LOOK IT UP. People were happy to get in at that rate because the threat was they were going to go up to 25%. My advice is to wait it out. If you want to move, then move and rent for a few years. You will save money in the end.
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