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It's difficult to say if there will be a financial crisis, but multiple current economic indicators are not predicting one any time soon (meaning in the next 6
by xyzzy4 9y ago
It's difficult to say if there will be a financial crisis, but multiple current economic indicators are not predicting one any time soon (meaning in the next 6 months).
This isn't counted in those indicators, but also S&P 500 earnings are predicted to go up a lot by December 2018, according to S&P Global. Credit Suisse's Global Wealth Report predicts a 5% annual increase in wealth among all adults globally in the next 5 years.
Houses in major metropolitan areas have gone about 6% annually on average, counting recessions and popping of bubbles. Timing the market could help but it's very difficult. I predict they will keep rising at a 4-7% rate for the next decade, but I could be wrong. A recession is possible but I wouldn't delay buying a house right now. But I would definitely buy within your means and don't expect prices to rise, because the future is very difficult to predict.