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RE: A New Housing Bubble And The Federal Reserve: When Worlds Collide. By Gregory Mannarino

in #introduce7 years ago

Hey Greg,
I've been following you on youtube for quite a while. Glad to see you here too. Glad to offer my humble opinion on some or all of your questions.

I am also watching for a top in housing but hope we have another year or so. Plan to put my home on the market in spring or summer of 2018. In the last 2 years, housing has really appreciated a lot but mortgages are still near historic lows and it is still pretty affordable for most buyers. Dumping MSB's. Could it politically motivated? Does the fed want to make problems for the current administration?

Hope the bubble stays with us for at least another year and the current rate of appreciation continues. Of course, you can predict and event or you can predict the timing, but trying to predict both almost never works.

I am Ok with living here for a longer time if my timing is off.

The bigger problem is the overall debt in the country. Government, business and individual debt. Watch for big bankruptcies and rising rates of foreclosures.

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We are existing in the biggest debt bubble the world has ever seen, and it will burst at one point, there are no exceptions, bubbles all burst.

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