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Rich Dad, Poor Dad Author Warns Of Real Estate Crash

  • Offline mikesez
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#13
06-16-2023, 08:37 AM (This post was last modified: 06-16-2023, 08:38 AM by mikesez.)

(06-16-2023, 07:50 AM)KingIngram052787 Wrote:
(06-16-2023, 07:15 AM)homebiscuit Wrote: I have no doubts a correction is pending. However, I don’t see the shock of 2008. It was obvious to the most casual observer then that the system was upside down. I remember having conversations with my coworkers about how people were buying houses who were clearly not qualified. I saw it all through my neighborhood. Those signs aren’t as abundant now.

Exactly...you also have to think that, on the flipside, a large amount of people locked in very low interest rates before the rate hikes started happening.

Right.  Helps keep inventory low.  People don't want to move because moving probably means a higher interest rate.  When more of the 2008 to 2021 mortgages start getting paid off, or at least having a lot of equity, circumstances might change.  But that will probably take a while.
My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.
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Messages In This Thread
homebiscuit - by homebiscuit - 06-16-2023, 07:15 AM
RE: homebiscuit - by KingIngram052787 - 06-16-2023, 07:50 AM
RE: homebiscuit - by mikesez - 06-16-2023, 08:37 AM
RE: homebiscuit - by Jaguarmeister - 06-16-2023, 09:46 AM
RE: homebiscuit - by The Real Marty - 06-20-2023, 10:06 AM



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