In the other thread we’ve been talking about the next generation of buyers and how right now most have no money saved…
I constantly wonder how anyone that has no money saved now in this period of economic prosperity will manage to save money over the next years with inflation and higher unemployment coming..
Especially if banks are going to revert back to the old 20% down payment stuff after the next 5 years of foreclosure and default.
BTW, your post makes me think the FED really is just going to start printing money and paying off debt.. and normalize money towards the current house prices.. so that a 500k house really is not overpriced in terms of other things.. The part that perplexes me the most is what are wages going to do?? Does everyone just get a 200% raise in this scenario?
