There are some that say they can predict the movements of land speculation based economies. I'm familiar with old blog posts from back as far as maybe 2005 that predicted the crash in 2008 accurately.
There are some that say they can predict the movements of land speculation based economies. I'm familiar with old blog posts from back as far as maybe 2005 that predicted the crash in 2008 accurately.
There's guys predicting the end of the world tomorrow from an alien invasion also, and if it happens they'd have been right, but not any smarter.
and the reason that there is not enough housing available for the demand, the investment corpo is now buying up the housing as a new avenue of income and population is still growing is only pointing to prices growing indefinitely.
Unless there is a population crash, people suddenly stop requiring having place to live, or someone discovers personal pocket dimensions with free houses.
But I wouldnt expect it in next 10 years.
The housing crash happened in 2006, though. I suppose being able to predict the crash even a few months in advance is impressive, but as you're hazy about the years, it is possible that it was really 2006 and the crash had already happened, which isn't so impressive.
2008 was the securities crash. That is when the mortgage market started to crumble under the weight of housing no longer having the value it once did with mortgagers left underwater. The housing market had to crash beforehand in order for this to happen. Once one saw that the housing market had crashed, it wouldn't take too much of a Kreskin to realize securities were on the horizon.
Whereas in the US, anyone with a pre-2022 30-year fixed-rate mortgage now has a massive paper profit due to interest rates going up that can only be realized by slowly making their required payments. That gets vaporized instantly if they sell and pay off the mortgage.