We are looking at a time in which real estate makes absolutely no sense. Prices are so insanely high and government are scrambling to support the prices by keeping interest rates absurdly low and offering incentives and giving loans to people who shouldn’t have them. This is a recipe for disaster! This is is different, right?
Even though interest rates are at or near historic lows, real estate is having a hard time. Even though the global economy is apparently best ever, 10 years of prosperity, we have seen nothing of the sort in real estate. Look at what we are dealing with. Over-inflated asset prices and people are tapped out. We know the stats and eventually, it has to pop. Just like chewing gum, the bigger the bubble, the more mess it will creates when it pops.
US new home sales rise to near 1½-year high
www.cnbc.com/2019/04/23/march-new-home-sales.html
bfm28E3.jpg (976×506)
www.zerohedge.com/s3/files/inline-images/bfm28E3.jpg?itok=bZ_MBy4R
Home sales fall 4.9% in slow start to spring buying season | Fox Business
www.foxbusiness.com/economy/home-sales-fall-4-9-in-slow-start-to-spring-buying-season
Home sales at both high and low end are tanking for different reasons
www.cnbc.com/2019/04/22/home-sales-at-both-high-and-low-end-are-tanking-for-different-reasons.html
Home sales at both high and low end are tanking for different reasons
www.cnbc.com/2019/04/22/home-sales-at-both-high-and-low-end-are-tanking-for-different-reasons.html
UK House Price Index – Office for National Statistics
www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/february2019
foxtons_annual_results_2018_presentation.pdf
www.foxtonsgroup.co.uk/investors/results/files/foxtons_annual_results_2018_presentation.pdf
Australian housing market: What the rental market tells us about property prices
negative-equity-graph-data.jpg (700×667)
www.abc.net.au/cm/lb/11002306/data/negative-equity-graph-data.jpg
dwellings-under-construction-graph-data.jpg (700×521)
www.abc.net.au/cm/lb/11002302/data/dwellings-under-construction-graph-data.jpg