Whilst I'd love to believe the markets will correct and prices for housing will go down, i highly doubt this is gonna happen. The entire financial system system, tax system, etc are all based on absurdly high valuation of housing. If prices go down, so does property tax revenue, and with the recent CRT collapse, the revenue is already tanking as it is. Then you have the entire pension system propped up by housing, CRE, and derivatives against those "assets". There's a higher chance of the entire financial system imploding before house prices even drop by more than a point.
And for those saying blackrock buys on the cheap, there are a LOT of new schemes coming out of the woodwork to desperately limit the inventory housing available to the consumer.
The interest rates went to twenty percent in 1980. It was deliberate move by kike Paul Volker who raised interest rates when inflation was already easing and they lost control.
yesiknow 2 points 1.7 years ago
The interest rates went to twenty percent in 1980. It was deliberate move by kike Paul Volker who raised interest rates when inflation was already easing and they lost control.