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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2372)8/20/2014 1:54:27 AM
From: John Vosilla  Read Replies (1) of 2722
 
Squeeze on the vast middle and working class continues. Father time ALWAYS catches up with you and most realize it is time for a change.. Yet another housing bubble more massive than even the last one in some areas.. People have seen this play out so many times and will attempt to get out while the going is good at an even faster pace this time.. Price discrepancy is much greater this time and our demographics keep aging with Gen Y in no position to hold the fort just yet... I remember the equity locust exodus from FL to places like the Carolinas and Texas in 2005-06 but that was offset in large part by equity locusts from even higher cost areas like NYC and Boston. Well this time I expect this to spread yet again in coming years with many quick to cash out their chips and leave the rat race before the next collapse. Oddly I doubt we crash this time without much higher rates and high leverage again at the middle and lower but both are many years away (3-5 years crystal ball?).. Expecting more that ownership costs of your homestead in hihg priced ares especially will be an incredible burden for too many as this cycle continues to play out. RE Taxes, insurance, utilities, basic upkeep...... yuck.....will make more and more realize your overpriced McMansion or steep overpriced intown highrise homestead is a liability..
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