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Showing posts from February, 2018
Is Money The Root Of All Evil? - Or Are We Fooling Ourselves?
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Is The Housing Market Going To Crash Again - Expert Predictions For 2018
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Is The Housing Market Going To Crash Again - Expert Predictions For 2018 -- Roll Back Home Prices Today's artificially inflated home prices need to be adjusted back down to a value more in line with the value of the dollar, adjusted for inflation. This means rolling back prices to where they were at before "funny money" flooded the market. Since home appreciation is not consistent in every area of the country, rollback will not be consistent. In some markets, very little price appreciation was experienced. Those areas don't need to undergo a big adjustment. Other areas are even seeing normal appreciation. Some areas, like most of Florida, California, Arizona, and Nevada, need major adjustments. They need to look at rolling back to pre-2003 prices, maybe even earlier. Tough but necessary medicine. Lenders are already accepting this reality as they write off billions in loan losses and sell off foreclosed homes or negotiate short sales. Rather than have ho...