Demand is sky high and supply is so low that i don’t think anyone will get out of residential real estate. Owning a home and rental properties has been and always will be a primary instrument for socioeconomic stratification. The haves will get richer, the have nots, poorer.
Are they telling their clients to get out of the housing market? That’s when things change.
Somebody has to pay for falling housing prices. Should that be negotiated or should it be a game of hot potato?
This is Goldman Sachs, they didn’t tell their customers to dump the worthless shit bonds they sold them, they actively shorted them!
Demand is sky high and supply is so low that i don’t think anyone will get out of residential real estate. Owning a home and rental properties has been and always will be a primary instrument for socioeconomic stratification. The haves will get richer, the have nots, poorer.
Just use inflation to hide the losses from the working class.