So I am by no means a real estate expert but it seems rather fishy that housing prices shot up a lot in the last few years and the normal available housing rates are around 4 million nationwide, but they are only just over a million. I was doing a bit of digging. Roughly every 13 years or so, we see a house market bubble pop. The last one happened in 2008, exactly 13 years ago. Meanwhile, there is an increase in telling people to buy up houses and land right now. I see stories of China buying this and that black bank or whatever buying that. Almost as if to get people to panic buy.
Did a little more searching around and come to find out the best time to sell is right before a bubble bursts and the WORST time to buy is right before it because banks are handing out high-interest rates and piss poor contracts to just about anyone who wants to buy a house. Once the bubble pops, house and property value is cut in half. I remember in 2008 when this happened to the house I grew up in. A house down the street that was for sale at the time for 225k sold for 100k after it popped.
Come to find out this is a cycle brought to you by the federal reserve. What a bunch of horseshit.
Did a little more searching around and come to find out the best time to sell is right before a bubble bursts and the WORST time to buy is right before it because banks are handing out high-interest rates and piss poor contracts to just about anyone who wants to buy a house. Once the bubble pops, house and property value is cut in half. I remember in 2008 when this happened to the house I grew up in. A house down the street that was for sale at the time for 225k sold for 100k after it popped.
Come to find out this is a cycle brought to you by the federal reserve. What a bunch of horseshit.
