When will the housing market crash and economic collapse happen? You don't need a great memory to recall the last housing crash. Just ten years ago, an implosion in the United States housing market and several others around the globe catapulted the world into the worst financial crisis since the Great Depression.
Housing prices nationwide have gone sky high mainly due to QEs! When and if the Fed raised interest rates to the traditional levels, prices will come down, and we will see a surplus of homes for sale on the market! The housing bubble will be the straw that breaks the camels back. This is going to end in tears, more so than 2008.
It's just ridiculous how this just skyrocketed in the latter part of 2012, by 2013 we were back to the old games, rampant speculation and flipping. Housing bubbles and housing prices, over the long term, are incredibly predictable. Even the Fed, who has a terrible track record of making predictions, was able to predict housing prices reverting to their mean at the end of the last housing bubble. It's so apparent when you do a basic level of homework the question becomes, "how does everyone not see the housing bubble?" But the same could be said back in 2005-2006. In doing research for this video, it's shocking to go back to see what people were saying before the last bubble. It's a word for word the same. There's no supply; housing prices don't go down, inventories are low, unemployment is low, etc. It's like deja vu. The average American's home is their most significant investment, so it's natural for people to rationalize their purchase to avoid cognitive dissonance, but for those how to have an open mind and are objective, housing bubbles are easy to see.
Here are 10 of the most respected business experts who are sounding the alarms about the coming housing market crash and imminent economic collapse!
Music:
CO.AG Music
0 Comments