Thank you Mr. Hay. Your Admonition to not buy anything Market-wise for the next 18 Months has been repeated by a number of other Market Prognosticators. You ARE ahead of your time, Sir. Have a great weekend...
Housing is going to be interesting to watch. Definately unafforable for sure. But Inventory is still really low 1 year after Fed started raising rates. Everyone who bought before say summer of 2020 has lots of equity + 3% 30 yr fixed + they have gotten wage raises the past 3 yrs making payment smaller.
Maybe some markets give back some of the price froth of say 2021-early 2022. But distressed forced sales are what create big housing downturns. I don't see how that happens this time with lack of inventory + strong loans in place. I wish it were different as I want to buy cheap! But I do not have my hopes up.
Thank you Mr. Hay. Your Admonition to not buy anything Market-wise for the next 18 Months has been repeated by a number of other Market Prognosticators. You ARE ahead of your time, Sir. Have a great weekend...
Looking forward to the banking edition. We live in interesting times. HAGW
Housing is going to be interesting to watch. Definately unafforable for sure. But Inventory is still really low 1 year after Fed started raising rates. Everyone who bought before say summer of 2020 has lots of equity + 3% 30 yr fixed + they have gotten wage raises the past 3 yrs making payment smaller.
Maybe some markets give back some of the price froth of say 2021-early 2022. But distressed forced sales are what create big housing downturns. I don't see how that happens this time with lack of inventory + strong loans in place. I wish it were different as I want to buy cheap! But I do not have my hopes up.
Excellent commentary. Thank you. Keep up the great work!