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worn down
Real Estate Mindset
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Comments by "worn down" (@worndown8280) on "Redfin: Fastest PRICE CRASH in History." video.
The core issue is that this correction, economically, should have started in 2018. But the fed relented because the stock market took a dive. That is when you start to see the bubble for there and in housing. in 2018 through 2020 real demand for people looking to buy a home peaked, meaning people who actually need a home to live in. So what should have been a slow and steady 4 year decline to today with a continuing decline until either massive housing losses or increase family formation with children occurs. But even that will take about 3 decades for that demand to kick in. People need to understand the demographics and trends we face going forward have NEVER happened in modern human history. Only the massive die off in the Americas was larger. You would have to go back to the 13th century with the bubonic plague ravaging the world before you saw something similar.
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