[quote=The-Shoveler]Good to see you post again TG,
Yea I agree sort of but right now “NOTHING” is allowed to crash. I kind of think as soon as (or if) the stimulus sugar high ends things may crash.
But I do see two things that will give this a few more years yet to run IMO.
1) We are still way underbuilt so that may keep this going a few more years.
2) I think inflation will have a much larger roll to play this time so “If” they decide to end the stimulus sugar high, the crash will not be as large as last time.
I still think the last time was a once in a life time event.
One more #
3) The PTB are trying to pass a 15-25K first time buyer grant (yet more sugar LOL), and the loans being made now are not (yet) nearly as crazy as last time (still got a few years IMO).[/quote]
There will be no crash in the 2020s. Financing is normal. Poorer people, including teachers, will rent. Money will only flow upward. wages will not keep pace with inflation, making wage earners poorer. This is the trend and it will continue. The next crash may not be in my lifetime. It will probably be the result of some unexpected catastrophe, perhaps environmental.