Comments by "worn down" (@worndown8280) on "Homes Prices Will PLUMMET For Years" video.

  1. If you look at the trend line pre covid, housing for, even though it had a few cases of increase, was trending downward. There is no way our current price point can be supported without massive wage inflation, which employers cannot afford. So home prices will drop. And every year moving forward there will be less demand for housing. So while I think 5% drops per year will be normal going forward I do believe the first years will see larger drops. And when I say demand I mean actual real demand, like a human being who needs a place to live, not investor demand. We will see a very sharp downturn once the layoffs start. The Fed is not going to pivot. People who think that are just not willing to accept that it is the lesser of the two evils facing us now. As the boomers die, there will just not be the demand for homes, services, and goods that there was. And we will see a massive restructuring of all business sectors in the US. Anyone who can tell you how it will play out over the next 20 years is being less than truthful. The only thing we can expect is lower prices in areas, like housing, where demand drastically drops, and a much lower standard of living for most Americans. If you arent prepared, you better get ready. You dont get to spend like a drunken sailor on shore leave for 90 years and not expect a hang over.
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