Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Millennial Housing Market BOYCOTT" video.

  1. No one know for sure. But previous peaks had similar logical points on thier side. These were accompanied by downturns to the extent that major fin institution failed. Not only the most recent in 2007 to 11, but the previous on in 87 to 92 which took out most of the S&Ls. If not familiar with that one, might Google it. I was there first hand in an asset disposition capacity. History different this time? Who knows, time will tell, but many striking similarities at peak highs on the curve.
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  2. Same as 2005 area. Many young people had the FOMO of get in now or wont be able to afford. It is scarry. Unfortunately within 2 years they had a much different fear after buying. If you have MLS you can search properties in given hoods. Ours goes back 20 or so years. Looking at 2005 prices followed by 2008 in same goods is quite amazing. Language in those 05 MLS records is stunningly similar to now. Language in 08 to 10 MLS entries is quite the contrast. Is that the next step moving forward? You learn the hard way in the RE game.
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