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RE: Baby BOOMERS..!! Is the World on the Verge of Global HYPERINFLATION..??
Yes this is true. People truly misunderstand how the housing market is overpriced due to cheap debt.
I need to buy a house soon and I am worried, but then not having the asset of a house is also a great risk in this money tray system.
You are right. House prices are way over-valued purely because of cheap credit. Could you imagine if interest rates were 7, 8, 9 % +++..!! As a rule of thumb a first time buyer should be looking at buying a house at approx x3 salary. That is $50k salary, house price $150k. Anymore and the odds are against you. Thanks for the comment. Stephen