“Stability” is the gold standard in almost everything. That is why the Fed is going all in to fight
inflation. I’ve gotten burned by the “unrealized gains” of property taxes for last 2 years, so in my best “me first feelings”, I’m okay with it. 10% for 2 years straight with several more years of hitting the 10% cap built in is not fun. Makes inflation seem tame. Recessions come and go.But Inflation will not be tolerated. Let’s hope the fed has the right medicine for the disease.
Majority of us dont sell a home every year. I think it ranges from 4-6 million units a year. So for the
vast majority, no need to panic or be overly worried about the monthly value of our home. My bold
“prediction” is property values will continue to decline, interest rates will continue to rise, new construction will fall, unemployment will appear, yada yada yada. Then one spring morning , the birds will start chirping, the days will grow slightly longer and a warm breeze will gently flow across the land ( thank you EB White). And the Fed will lower rates. Rinse and repeat. Just don’t get caught inside the dryer. Long term, don’t bet against real estate being depressed.
Sure , and the sources used to support those desires are probably betting on it too. There is good opportunity to make money in a recession, if you are in the monied class. Eventually
a recession will happen. They are just a part of the way economics work. If you keep crying the mother of all recessions is coming, it may be, after all we’ve gone thru since 2008 and 2020.
Then there is the political side of it too. There is a desire to pin the tail on the donkey or elephant.
Nevermind trying to understand the longer term roots of the recession phenomenon. Of which the
seeds were probably planted years ago.
Humans are funny. No wonder 51’s aliens just like sit back and enjoy the show.
