This bubble will go on, most likely, for a lot longer than you think it might.

Obviously this could go either way. But here is my rationale for why the pain is going to continue: We are at war.

We are at war, and this is an information war, an idea war, a war for your mind. And folks like Vanguard and Black Rock (they are basically the same thing, in my view) are on Team Evil. And want to put you into a renting reality.

"The Year is 2030 and you own nothing."

Yep. That is what they are doing.

So real estate values will remain within 10% of their current valuations, despite the rate rise, for the next six months or so. Perhaps even more. Because for Black Rock, they are thinking about these assets (homes) like a bond, and their window is 30 years, and they are also planning on getting the US gummint to subsidize them. So... you are not competing to purchase this home against another family.

You are competing against The Machine™.

This bubble will go on, most likely, for a lot longer than you think it might.

Obviously this could go either way. But here is my rationale for why the pain is going to continue: We are at war.

We are at war, and this is an information war, an idea war, a war for your mind. And folks like Vanguard and Black Rock (they are basically the same thing, in my view) are on Team Evil. And want to put you into a renting reality.

"The Year is 2030 and you own nothing."

Yep. That is what they are doing.

So real estate values will remain within 10% of their current valuations, despite the rate rise, for the next six months or so. Perhaps even more. Because for Black Rock, they are thinking about these assets (homes) like a bond, and their window is 30 years, and they are also planning on getting the US gummint to subsidize them. So... you are not competing to purchase this home against another family. You are competing against The Machine™.