“Buying real assets is never a bad strategy.”
Houses outside the major cities in Arizona have doubled in price in the last 2 years. No job base or wages to support those prices. Many of them will soon drop in value. Then the owners will walk away. Just like 2006/2007.
Maybe.
Yup. I want to see what happens when that Loaf From Home job disappears one way or another, and it will. Replaced, restructured, relocated or downsized it doesn’t matter. Hardly any jobs last long enough to make a lifetime of them. Not anymore. Maybe they figure on just changing jobs and continuing to Loaf From Home. I see long dry spells in that strategy so they better have two LFH jobs to count on one most of the time.
I see stupid mansions all the time have multiple birthdays on the market. Same thing can happen to over bought houses of any size. Small towns are bargains and depressed markets because there is hardly any real native money there.
We are going to see air head back to the simple life people bail within just a few years. I have seen it with the best intentioned and hard working people here in the Ozarks. Prepping and living off the land is really hard work and you don’t just haul off and take a vacation from the critters since they don’t have thumbs and cant’ feed themselves.