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Because we’ve deferred the pain of 2008 for years. The market makes no sense.
by nostrebored 4y ago
Because we’ve deferred the pain of 2008 for years. The market makes no sense.
- pas 4y agowhich market and why doesn't it make sense?
- smt88 4y agoConsumption, job creation, and wages are still going up (on average). Most appreciating real estate is in high-demand urban centers where construction can't/doesn't keep up. On top of that, a lot of older people are realizing the equity in their homes or their stocks, and they can buy in cash. In that environment, you expect high home prices and high debt (as people assume their income will keep rising).