Mike Pole exactly since the last crash exactly 15 years ago - maximum profit achieved if you went in early and out in the past 2 years. Very convenient that the report is starting right after the last crash😅.
The question is are you prepared to go down there again or do you want to wait another 10 years to see the prices of today again?
Alistair Thompson depending on the horizon - certainly not we will most likely revisited those levels in 10-15 years again and make new highs but this is not a strategy to become rich.
Alistair Thompson 15 years to be exact- they did and they sold in
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at the peak - now patiently waiting for the rinse&repeat default- it is the same in stocks - you need people entering all the way to the top and selling at the bottom to profit. Banks are patiently waiting for the default while meanwhile earning interest before they get your home on Pennie’s for the $ as the icing. It takes longer this time to unfold as the cake needed to built up to record layers first. There is even the probability they are not yet finished, one last pump is entirely in the cards the outcome would make 2007-09 look like a pimple.
Where do you see prices going down in the world - nobody with a 3% mortgage will sell their house and nobody can effort a house to buy with 7% mortgage - % May vary in different countries but the situation is everywhere the same - the property market is frozen and it will take another year before this will change. You are way to early. Delinquency must unfold before you should start to look into buying- it will a fest for the prepared and slaughtering for the once to early/late to the game.
