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Updated over 2 years ago,
- Real Estate Broker
- Minneapolis, MN
- 5,287
- Votes |
- 4,085
- Posts
0% Risk for R.E. Collapse '22'/'23' - Prove Me Wrong
Lot's of posts about all kinds or fear, warnings, terror this and that of R.E. collapse/crash being eminent, any moment, about to happen etc. AND how it's going to wipe us all out.
I and many have replied and written at extent on this and yet it persists without relent, the sky is about to fall and we will all be crushed by it. So I thought I'd do this differently, I have a VERY simple basis, 1 simple single data point I will stand upon here, data source listed and should be beyond legitimacy of data source. I stand upon this 1 item that I have 0% risk or fear of any collapse that will end us all like the dinosaurs of old because if following BASIC standard practices, all one has to do is NOT SELL and wait, maybe a few years.
I base my standing on THIS data, that NEVER in our lifetimes has the R.E. sky collapsed and "killed all". That all anyone has EVER needed to do is hold and wait a few years. EVER! And huge 30%+ drops are NOT some every few years cycles etc.. That ALL the Doom-Preaching is just that.
My ask, nah CHALLENGE is PROVE ME/THIS WRONG. Prove how this 1 simple fact listed below is wrong, that by following the basic standard investment real estate practices as defined ins standardized investment property finance for leverage and standard practices of operations etc. that all one has to do is WAIT and not only not loose $ but will profit, is incorrect.
- James Hamling