Yes. But it may never pop.
It should have started crashing over the last couple of months and really be kicking into gear in the next couple, and it might still happen, but with Blackrock and vanguard buying up all the real estate it might NEVER pop and once they achieve a land monopoly they can set whatever prices they want. So this is either the best tor the worst time to buy.
Yeah. I would agree. I purchased my first home in april of last year. I think i paid a about 10% more than what its worth but in the end i have .5 acres and a reasonable 3 bedroom home. Approx. 1200 sq ft. For 115k. In louisville ky. Not bad imo for a starter home. Needs work but had new ac, roof, and water heater installed 1 year before i moved in. Trying to not live above my means as an engineer. Im a huge diy guy so if something needs fixing. I can take care of it 95% of the time.
I bought my first home 3 years ago, sold it after two years for a 130k profit, bought a new house, halved my mortgage and its value has easily doubled after a year of doing hard work on it. I could probably get freehold in this market.
I don't think property is ever a bad investment unless you can't afford it. The market crashes, you are left with land that you can turn into what you want. Crypto, stocks, gold etc, if their value drops they lose the only useful thing about them. Land will always be the most important asset, I think perhaps people are only just starting to recognize this.
I agree with you. Only thing about property is that the government can take it.
The last bubble took 5 years to pop.
Yeah but the lockdown and pandemic bullshit has caused a lot of people to lose their businesses. They have just now in the past couple of months been hit with the understanding that they can't afford their deferred payments and aren't getting more gubment money. The foreclosure rate is going to spike exponentially and already has started. We should see a heavy crash very soon if they don't interfere.
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