People keep predicting a doomsday in the near term and that the Fed and government can kick the can down the road only so many more times.
I think it’s pretty evident, however, just how long and how far the Fed and our government can and will kick the can down the road… They are a can kicking guru, and will do the same thing over and over again if needed.
So I wouldn’t hold my breath nor bet against the house….House always wins..
Maybe things will fall apart 40-50+ years from now. But at that point I’ll either be dead or eating out of a straw, so I won’t care anymore….
There’s one thing I find interesting… Especially about real estate. Most of the buyers in recent times have been financially stronger. So what real hurry would they have to sell?
Now bring back subprime, stated income buying, and have those subprime borrowers drive up home prices again to levels they cannot afford/sustain, then I’ll say we have a problem (again)…
