More of the mainstream is talking about the coming housing crash. Most are saying, it will be a repeat of 2008. But, it is not, it is already much worse, and the average home price hasn't even begun to fall.
Grocery store shelves seem to have a hole in inventory somewhere within the store, each week i visit. This never happened a decade ago. With the actual grain shortage, and giant Chinese fishing boat fleet harvesting the Galapagos, you would think that food shortages would be on everyone's radar, and one of every pundit's talking points.
Most people still believe that owning a house is your biggest asset, and would buy a house if they could.
And most people believe that the grocery store will always have food, although it may be more expensive.
The financial system has been a sham since 1913, fortunately, it is falling apart, and if you know what is coming, you can be on the good side of the greatest wealth transfer ever.
House price always goes up… nope.
Most people believe the marketing propaganda that house prices always goes up. Further, they believe the financial marketing lie, that your house is your biggest asset.
House prices have gone up because of manipulation. Supply has been restricted by all kinds of bureaucratic means. And the money supply has been increased, meaning inflation, mostly in assets. Add that to increasing population, that is a perfect recipe for house price go up. However, every one of these metrics is about to flip.
The boomers, who own 25% of the housing market, are about to move into retirement homes, or mortuary plots. That is a quarter of the houses going on the market soon. And there isn't enough people to absorb that supply. And, even if there was, none of the newer generations can afford the current market rates. Add this up, and we are about to see house prices go down.
Unfortunately, poor real estate market, that is not all, we are about to see many banks collapse. And maybe even the financial system. Mortgages are about to become much harder to get. House prices are going to go down a lot.
People are going to be moving out of the cities. Crime is going up, and things will get really bad when food is limited. There will be empty houses all over the suburbs. With empty houses, the prices starts dropping to zero.
More people are starting to talk about a repeat of 2008, but i am seeing that the real estate market will die.
Food prices will continue to go up
It is not just inflation. It is not just price manipulation. It is all those and that we are heading into an ice age which means worse weather for growing food AND our farmlands are mined out, meaning we are seeing lower yields all over. And they will continue to drop.
Those mother WEFers have been working on controlling people through limiting food. Burning down food processing planets. Putting unreasonable requirements on growers. Killing off livestock for "reasons". And now, Billy Gatez' special feed that causes cows to just die.
It will become more and more apparent that if you want food security, you are going to have to grow it yourself. Well, at least those people who are paying attention to what is really going on, and not just assuming that grocery stores will always have food.
Prices will continue to get worse. So bad, that meat won't have a price on the package, you will get that at the moment of purchase, when the cashier gets the current price of beef. The price will be changing every minute.
Store a year of food, and work out how to grow food in your home. The sooner you start, the better off you will be.
The Great Migration
A great deal of the "migrants" who moved north with Zeros' help, will soon be running south. Their bodies are not designed for the cold winters, and the winters are going to be getting colder. AND, they have worn out their welcome. Soon people will be making shoo-shoo noises with pew-pews.
But, this isn't the Great Migration that is coming. What we are about to see is people coming together with like minded people to form small communities / tribes / "families"
For the most part, these new groups will not settle in cities. (Although some will just take up a whole apartment complex) And so, we will see, along with everything else destroying real estate, vast swaths of empty suburban houses. So many just left abandoned, until some plucky young kids decide to disassemble them for parts to make new homes for the "families".
Don't get trapped into thinking you have to get a suburban house asap, because the price is just going to keep going up.
And, even if you have lots of crypto wealth, do not feel you are making a financial investment trading some for a house. (Now, trading some for a homestead may be a very good investment. As in, it can supply you with food when many go hungry)
Our whole world is about to flip upside down. (or maybe it is being turned right side up, and we have been upside down for all of our lives) Real estate is going to go down and down and down, even with BlackRock trying to throw money at it and buying up all the inventory.
We are going to start hearing more and more about large hail destroying crops, and then bad rains destroying crops, and then the summer getting shorter, with freezes coming sooner.
A greenhouse, with hail shields, is going to become an important tool for survival. Food prices are not going down. And it will become VERY important that you know where your food comes from. Those mother WEFers are going to REALLY put poisons into food. And not just a little rat poison in the water supply, like they have been doing.
Watch for these coming changes. Forewarned is forearmed!
Boomers have children.
Sold my property of 38 years for a 10x profit last year and used some of the monies to buy a house for my daughter and son-in-common-law. If the old property had not been sold then they would have inherited it.
That's the same for many Boomers is my guess. There will be many defaulting on mortgages, to be sure, and many condominiums that are worth less than the owner had paid for it. However single family properties are not likely to fall in price much with maga corps like Blackrock buying them up. Property values are all about location; so there will be a great deal of fluctuation over different markets yet in Canada, at least, with the mass immigration that has been underway of late the demand is not likely to subside in some time. That's one old Boomer's thoughts anyway.
I am glad you got out while there was still a market.
Investors, trying to get out, like in Miami, are finding they have to make 20% cuts on price to get a trickle of views.
The immigration is currently just taking tax dollars and funneling them to the banks, and that will soon stop dead.
Fast, sudden, like Toronto (don't know if it will be that city) being iced in for 3 months and an emergency convoy is put together with snow plows and ice melters to cut in a trail. The immigration will be over.
And what is really sad is that many boomers are planning to leave nothing for their kids. Like reverse mortgaging their house.
Points well taken.