Just another point about why Americans are getting off Forbearance and staying in their homes. Do you really want to be a home buyer in this market when you purchased your home between 2010-2019. You have an even more vested interest in staying in your home.
These are homeowners, not investors; they live in this home, their kids go to school nearby, they have a vested interest in keeping their lives as normal as possible post Covid19. Some never need to take forbearance, but the ones that did, that got their job back, they're staying
That's why talking about the 2021 housing crash as jobs were coming back didn't seem like a logical bet without demographics and low rates. housingwire.com/articles/the-fβ¦
Twitter finance is destined and doomed to fight housing battles that can't be won but talked about. Housing is the cost of shelter to your own capacity to own the debt, and housing has outperformed during the crisis due to demographics and mortgage rates.
People who make money, buy homes, they like bigger homes, for better or worse, rates are low, no one is ever going to overbuild homes unless you get some major deficit financing involved.
2 Groups of people in the world that I know will go to their graves saying something every year and it won't happen 1. Dollar collapse people, (These boomers don't have much time left) 2. We have to build more homes crowd, not realizing that builders don't care about them ππ
Just remember, all your anti central bank friends who are screaming inflation are all long the markets like they always have been. They're the biggest fake news bears of our generation. πΊπΈπͺπΎππ₯
If you don't believe ask them for their YTD, 1 year, and 2 year returns π
This is a reason why I keep on showing my returns always because supposedly, we have great traders who were screaming about a dollar collapse. Well, time to show your returns, which they will all show they're net long always. Seriously, I thought we had some ballplayers here
#BlackRock Out of 40,000,000 plus homes purchased in the last decade, you all make a big deal about this! π
Next, you will be telling people that the homeless numbers were skyrocketing in the last decade too.
Wait, that wasn't another lie as well.
What do I always say? Reading is a good thing, be the MF'''''' detective, not the troll. Don't let these puff the magic dragon articles trick you. πππ₯