End of times is nigh my friend, invest in ammunition and steel forged SUVs and doors instead. Live your live mad Max style.
And hoard gold
No one knows obviously. If you are going to own said real estate long term now is a great time to buy as rates are ridiculous.
I just hope I keep getting paid during it.
Honestly just wait until mango tweets something that triggers the market to dip. He does it on a weekly to biweekly basis. Then buy calls that expire a couple months out and ride the profit
The key parameters that drives up real estate is demand and supply. Based on fertility rate for USA and China, we are currently at the end of the 1990's baby wave. The 1990 was the peak of the highest fertility rate then it started dropping until 2008. All those bored in the 1990's are now finincially capable of buying a house. After this period, there wouldn't be as much demand for housing as it is right now until the next baby wave hits. Hope it helps.
Interesting analysis, I tend only to look only at jobs. When there are x times more news jobs than new houses each year that's a good location. Interesting to look at total population.
Most ppl born in the 1990s still can’t afford homes. The oldest group in that cohort is only 29.. still lots of pent up demand especially in strong markets like Bay Area.
2008 really did a number on this whole generation. Expecting a financial apocalypse around every corner. We may have a recession, sure. Recessions are normal and regular parts of the credit cycle. 2008 was a once in a lifetime event.
Truth
Word...but snowflakes be scurred.
It's almost always a good time to buy in real estate. Even in the worst case, we are only seeing 30% drop from 2008 crash in the sf bay area. And it recovers within 3 years. If you are staying in a place for a long time, then buy your own primary residence can save you a lot of equities. If not, you can still buy and rent it out for all the tax write off benefits and constant stream of cash flow. There are so much tax benefits in buying and no one should every wait to buy in real estate if they get enough down payments. Unless you can get over 10% returns constantly else where with your money.
There is not much tax benefit in buying a home after recent tax reform
It will be a bloodbath, people will jump off buildings, wives will leave their husbands and abandon their children to starve in the middle of Times Square. There will be food shortages, food stamps and armed militias roaming neighborhoods terrorizing the good citizens...or not.
Nice try ja_rule.! I am referring to recession not catastrophic situation.! Take a good nap bud.!!
I mean you do realize that it's rather a stupid question right? If anyone had any idea about the answer to thuse questions they would inevitably be billionaires.
😂😂
There won’t be a recession man, we are at the 35 mark for a crash (depression). Trust me RE will be the least of your concerns
Good to see some +ve thots..! I have been hearing about it and some even think that estate market will be effected ..!! That is why thot of picking some great minds here 😊
Just a tip, it's spelled thoughts*. Thots are something entirely different.