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Updated about 6 years ago on . Most recent reply
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Is a crisis or a pull back coming?
We are already witnessing cracks in the Chinese real estate market. In fact, they are expecting a recession in 2019. The US stock market is in a free fall and just a few points away from being in a full blown Bear Market, and our R.E estate market is certainly softening. What's going to happen when homeowners are 15% or more under water in their mortgages? Will we have a wave of foreclosures and short sales? Now, Australia's real estate market is about to blow up. Is Australia too big to fail? Will Australia's real estate recession have a ripple effect throughout the global economies? Unfortunately, I think that we are going to experience a major global economic crisis in 2020-2021. Stock market computer trading algorithms and governments can only buy us so much time. I call Bigger Pockets The BiggerPockets Index because we can get a feel for what is going on in RE throughout the country. I have been reading chatter in the last few months that we were not talking about just a couple of years ago. Ultimately, we are responsible for our own finances. Invest wisely and be safe out their! https://www.youtube.com/watch?v=smPR0s2W-Ck
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And what chatter is that? If its similar to what your chatter is, Ive been reading that on BP the entire time Ive been on here which is a decade.
The bears always see tons of indicators no matter what. They ring the alarm constantly and when finally a recession happens they say see I was right, but ignore the 5 or 10 years they were wrong.
And everyone ignores the fact that it doesnt matter what the market does. Do people think you stop making money in recessions? It becomes easier then since all the weekend warriors disappear.
- Russell Brazil
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