I am honestly expecting a big drop in housing in 2021 or 2022. I know that might not be popular to say, but I don't care. I think it will come, and it won't be Trump's fault... and it's something that's long long overdue. 2008 was never allowed to happen as it should have, and now we're at really frothy highs again. There's a lot more that goes into it, but suffice to say I won't be looking at real estate for at least a couple of years.
I wonder how much will be regional. Anecdotally, here in deep flyover country, property sales are surging. Places that have been vacant for years are suddenly sold.
Presumably it's caused by migration out of the city centers, where I suspect real estate isn't doing so well these days.
Commercial property is ripe for a crash if the remote work fad has any legs. It may already be too late to stop.
Depends where yo are, but in many places, inventory is at the lowest level EVER.... we're caling 0.6 months supply, which is 10x less than what's considered a "balanced market." The only reason sales prices are going up a little or staying level in some places is the fact that there's almost nothing on the market. There is also a backlog of delinquent loans and foreclosures that are being pushed back until the end of 2020. There's a lot more to this too. The migration definitely matters though, like you were talking about. I mean it's not like I think I know how it will all shake out, but it will shake out.
I am surprised it hasn't happened yet. But the folks fleeing the cities are paying crazy money for homes right now. Don't look up your homes' estimated price right now, it'll make you think stupid thoughts.
I don’t see the horrifying levels of debt spending ending anytime soon. It is a great time to go heavy into commodities and precious metals to offset the devaluation of currency, inflation, and a sagging dollar while debt explodes.
I am always hesitant of precious metal ETFs but if you are looking to hedge on the coming inflation they are what I have been told are the best for preserving the value of your dollar comparatively. And you don't have to mess around storing coins and bars and trying to find a buyer.
If you are <25, buy apple. They will not go out of business (100B in cash recently). Hold it and do NOT sell. 40 yrs later you end up in a good position. I do not believe in diversifying, but rather knowing the absolute crap out a few great stocks.
Always talk to a professional and not rando on the internet. Hope all ends well!
Hubby and I are using much of our savings to build duplex rental properties. We are both in construction so costs will be low. When he wins I feel safe spending money to make way more.
I am honestly expecting a big drop in housing in 2021 or 2022. I know that might not be popular to say, but I don't care. I think it will come, and it won't be Trump's fault... and it's something that's long long overdue. 2008 was never allowed to happen as it should have, and now we're at really frothy highs again. There's a lot more that goes into it, but suffice to say I won't be looking at real estate for at least a couple of years.
I wonder how much will be regional. Anecdotally, here in deep flyover country, property sales are surging. Places that have been vacant for years are suddenly sold.
Presumably it's caused by migration out of the city centers, where I suspect real estate isn't doing so well these days.
Commercial property is ripe for a crash if the remote work fad has any legs. It may already be too late to stop.
Depends where yo are, but in many places, inventory is at the lowest level EVER.... we're caling 0.6 months supply, which is 10x less than what's considered a "balanced market." The only reason sales prices are going up a little or staying level in some places is the fact that there's almost nothing on the market. There is also a backlog of delinquent loans and foreclosures that are being pushed back until the end of 2020. There's a lot more to this too. The migration definitely matters though, like you were talking about. I mean it's not like I think I know how it will all shake out, but it will shake out.
I am surprised it hasn't happened yet. But the folks fleeing the cities are paying crazy money for homes right now. Don't look up your homes' estimated price right now, it'll make you think stupid thoughts.
I don’t see the horrifying levels of debt spending ending anytime soon. It is a great time to go heavy into commodities and precious metals to offset the devaluation of currency, inflation, and a sagging dollar while debt explodes.
I am always hesitant of precious metal ETFs but if you are looking to hedge on the coming inflation they are what I have been told are the best for preserving the value of your dollar comparatively. And you don't have to mess around storing coins and bars and trying to find a buyer.
Land. Always buy land. Maybe defense contractors?
Land is crazy high right now. Wait on that.
If you are <25, buy apple. They will not go out of business (100B in cash recently). Hold it and do NOT sell. 40 yrs later you end up in a good position. I do not believe in diversifying, but rather knowing the absolute crap out a few great stocks.
Always talk to a professional and not rando on the internet. Hope all ends well!
Preserve your gains NOW! Go to a conservative model. Bonds and CDs.
You won't grow as much, but you won't lose your ass when there is a correction.
Hubby and I are using much of our savings to build duplex rental properties. We are both in construction so costs will be low. When he wins I feel safe spending money to make way more.