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RE: The Housing Bubble Is Cracking (Again). By Gregory Mannarino
I know it is hard to understand, or see that there is a bubble. Very few people were able to see it last time either.
I know it is hard to understand, or see that there is a bubble. Very few people were able to see it last time either.
If I had to choose between a house or a bunch of worthless dollars, I'd choose the house... On the other side of the coin, if you do sell your home and buy something like Silver, it wouldn't be so bad, but I sure wouldn't want to be holding on to those dollars... Especially not in a Bank...
@pocketechange
I agree with you there...Rather have my money in a house than in the bank.... Everyone needs somewhere to live!
But with that said, I think that some houses are massively overpriced. I have been level headed with mine and have gone for something which is relatively cheap
You wouldn't believe how many letters I receive in the mail from people wanting to buy my house... Why do they want my house so bad...??? There's no way I'm selling my house...
I refuse to be scared by a so called Housing Bubble, so they can buy my house cheap and with dollars that are about to crash...
How is there a bubble when you cannot build a house for what they are now selling???? The cost of labor and material prevents home builders from lowering prices. I do not understand? I believe the prices will come down only because people are not making dollars. If Pres. Trump fixes the economy maybe eventually Americans will start prospering again and demand for housing will become normal.
What say you?