I do not understand the people are surprised by this.
Real estate prices have been going up for 11-13 years straight depending on where you are located. The increases the last five of those years were the highest percentages.
Did people really think it was going to go up forever?
“I do not understand the people are surprised by this.”
We live with many millions of financially ignorant people. They scream at everything and are powerless because they have no clue how to deal with an obvious economic cycle even though it repeats itself. They are short-sighted in planning, undisciplined economically and uneducated about finance. It’s an educational failure by design that encourages government dependence.