A number of important articles on real estate.
- The growing wealth divide in the U.S. housing market
- Yellen Concerned by Housing Slowdown She Has Scant Power to Cure
- Is student debt hindering young people from buying homes or is it low incomes?
To quickly summarize, you got to be freaking rich to be able to afford a house nowdays, Janet Yellen couldn’t cure her own headache even if she tried and young people can either afford to jump on a “property ladder” with an overpriced shit box or start paying off their student debt.
Listen, today’s housing market is no different from the stock market. What was once a place to live and accumulate equity/savings, is now nothing more than Tesla Motors Inc (TSLA) high growth and highly speculative stock selling at 13 times revenue.
With the amount of speculation and debt out there, don’t have any illusions that the real estate market will behave in a different fashion. Expect the real estate market to crash……just as the stock market will as soon as this credit driven speculation party ends. Just as it did in 2007.
Need more information? Real Estate Collapse 2.0 Why, How & When
