Another bubble is agricultural land prices in the United States. This was such a foreign thing to me when I first heard it, but it’s so overvalued. If you look

Another bubble is agricultural land prices in the United States. This was such a foreign thing to me when I first heard it, but it’s so overvalued. If you look at a 20 year graph you’ll see it barely even dipped during the 2008 recession. That, combined with any downturn is going to see a bunch of Baby Boomers sell their houses to make up for their lost 401k money only to find that no millennials (and certainly no millennials without jobs) can or want to buy their houses. Keep in mind, unlike the stock market which has dozens of safeguards and controls, the housing market has exactly zero safeguards. Think about that for a second. The housing market is operating off the same system Wall Street basically had in 1873. Bubbles certainly do come and go, but the larger issue here, the one that will compound the bubble greatly, is the lack of political resolve to tackle it. A bailout is a political no-go. It looks like the full force of this bubble will have to be ridden out. If anything 2008 was WWI, and the bubble coming up will be WWII. tip: Start a local facebook group. The amount you can save in borrowing power tools is amazing...