Posted on 02/14/2022 9:19:20 AM PST by JV3MRC
“Disinflation is coming”
Only for home building stuff and houses and only because of grossly excessive past price increases
“Unfortunately, more people will be ‘underwater’ when the house price boom busts.”
How come no one pays attention to supply and demand anymore? I see a soft landing eventually for housing prices, no major crash anytime soon. I wouldn’t mind a crash, I’ve sold a lot of real estate over the last 3 years and would like to pick up some bargains, especially rural land. Real estate crashes are where I’ve made the bulk of my net worth, just finished cashing in on the 2008 bust/boom.
The next dowturn will be pipsqueak compared to the last one. Demographics and supply/demand rules, demographics is another thing few pay attention to. But we developer/speculators do.
Ha, it’s been years since I made that comment and still people wanting all the credit. I was on FR at that time, also watched Rick and his tea party rant as he did it.
It doesn’t matter who gets the credit as long as the good is done.
I don’t agree, it will be general disinflation. The question of how much depends on whether the current energy stupidity lasts. I expect it won’t last too long because there is too much money to be made. By too long I mean a few years since nothing once producers really get started it will take time to turn up the spigot due to lack of investment.
Green energy is the major pusher of the current energy inflation which permeates all economies presently.
Yup—and Step 5 is rationing.
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