25% price increases not enough to get people to sell!
I posted this here in May and July 2019, pretty good calls in retrospect:
“I believe in 6 months the market will be about 4% higher. So your $1.2m house will be $48k more expensive…. I’d say buy ASAP.”
“A lot of wealth will be generated and saved in 2019. Where will it head, to the stagnant economies with negative yields of Japan/EU? The politically unstable developing world, which lacks strong property rights?
Or the USA, booming, strong yields, stable currency, strongest investor protections, very low taxes on investments/wealth?
A perfectly plausible scenario: yield convergence sends 30-year mortgages below 3%, prices rise sharply, a new bubble forms.”
