I personally feel like a dummy just for having bought a relatively modest home, and paid it off, rather than stretching myself to the financial limits like so many peers that have gotten a crazy ROI. It seems like winners and losers are being made in many cases by govt policy and not necessarily by common sense. But I also know that what can’t continue forever, won’t. It’s just hard to predict when that inflection point is. Maybe a stock crash has a flood of people looking to move while rates are low again (for the borrowers) and the wealth effect has the non-borrowers nervously selling before others do, which builds downward momentum as leverage unwinds and investor psychology changes. Or maybe it’s more gradual as boomers increasingly give up the ghost, insurance, tax, and maintenance costs continue to increase, the Fed govt stops running trillion dollar deficits, employee leverage modulates, and communities make it harder on short term rentals.
Statistics: Posted by Joey Jo Jo Jr — Tue Jun 18, 2024 12:37 am