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RE: Where is Real Estate in its Market Cycle?
A very interesting question!
As you say, the market fundamentals are so different than previous. Young millennials cannot afford a deposit, interest rates are going to near zero and could go negative, and there is a lot of overseas investment.
In my opinion, house prices cannot keep rising and there will be a crash, just like there will be in the stock market.
Agreed! The eventual crash is a certainty. The timing just seems freaking impossible - even more so than usual - with all these factors that are somewhat at odds with each other.