A. Property in general is on the rise. It is definitely a sellers market where values have become so overinflated that many times people are bidding higher prices than even asked to secure the deal.
I get this started in part with the instability people felt toward artificial markets that are easily manipulated. Property is something real that (as long as in good standing) cannot be taken. We also have an influx of foreign investors that are gobbling up property on US soil. This looks to be especially true with the more affordable housing in the middle and lower class price range.
Due to the lack of availability of inventory, investors are preying on people to charge inflated rents for those unable to purchase property (but still desperate for housing). It is a way for wealth to funnel toward the top and for those with money to be able to more easily buy real assets/property.
I see with the increase of interest rates on the horizon, many of these loans will default starting a down-spiraling effect. Again, funneling more wealth to the top as investors swoop in leaving people looking for cheaper housing. I get this is how socialism works, and those with money and connections thrive in this market while others struggle.
I see prices continuing to rise for at least the next year until the bubble on this pops. It will level out, but will take time. Now is a good time to take inventory of your finances and incoming funds. If you are able, keep a reserve and/or pay off what you can to avoid any interest. They WANT you in debt! Don't fall into their trap!
And that is all I have for this reading. Thank you. Love and light, Lynn
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4 comments:
It's good to know the Housing market bubble will drop in a year or so for those looking to buy there first home. If you're selling soon it's another matter and I suspect you'd never be able to get the equivalent to what you had for anything near the same price.
2 or 3 years ago you had a post in which you received the message "don´t poke the bear" . Could it be that it meant Russia? Today I read in Yahoo News: "russia-limits-exports-noble-gases". Could it be that Russia sanctions will fire back and make the free world even weaker? Thanks for this post Lynn!
@Robert; You are so right!
@Guedes de Miranda: Oh wow! I think it could mean that!
i hope that you will look into arpa-h research for cancer ...is it being created by billions of dollars to develop more pestilence or what is going to happen from this new secret government branch????? and can it be stopped sometime in the near future?......seems like a nightmare in the making......thank you LYnn !!!!!!!
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