This is our percentage of the worldwide debt, we have the most debt BY FAR, and it's climbing RAPIDLY.

The man has built an incredible brand recognized worldwide and has sustained that success for over what 25 years.

We have been in a crazy search for yield at the global level with worldwide rates so low and so cash for real estate for the big boys and gals (talking 7/8/9 figures here) became BOTH a profit center and a safety play.

It's a very popular destination known to attract snow birds and tourists from all over the world because of our warm winters, spring training months, golfing, hiking and all of the other amazing things Phoenix is known for.

As an agent who invests in and believes in STRs in Scottsdale, one of the most popular tourist destinations in the winter, I would be happy to provide my take on the market.Your property options include SFRs and townhouses/condos.

The total real estate appreciation over the past 8 years has been recorded at 102.77%.There’s also a fantastic tourist community here, which drives great demand for Airbnb and VRBO rentals.

At the same time, I struggle with the thought that given how low interest rates are worldwide and central banks supporting the markets with their “whatever it takes attitude”, why can’t real estate continue this cycle for another 10yrs?

There are always military doctors, nurses and tourists wanting STR's in the area because of work, Fiesta, conventions, and the Spurs games!

The danger is a worldwide correction (Australia, China, Japan, US +).This could trigger a plethora of negative things including currency devaluations, bank runs, more trade wars, more populism, etcPeter Schiff- You cannot argue with the logic or facts he presents unless you can.

Such as what will the Federal, state and local Governments do to offset it, (some areas take steps to uplift their residents lives, and some areas give only lip service to it steering money to certain things that do little but continue the suffering as a profit center--such as some areas helping the homeless by giving them shopping carts vs really helping them).Also the underlying industry base will play into it, for instance Houston makes chemicals that are used worldwide in other industries, is that a positive or a negative---(and for how long) time will tell.