Don't Get Caught With Your Pants Down When The Real Estate Market Takes a Dump
So when is the real estate market bubble going to pop?
I don't know I don't have a Crystal Ball!
The last crash happened by surprise in around 2007-2008 catching thousands of home owners by surprise, most people didn't see it coming.
So it's been around 10 years since the last time the real estate market took a dump, so that being said it could happen anytime.
Will another real estate market effect different states and cities across the country?
Of course it will be different across the nation.
Believe it or not there are several major cities and towns with banks sitting on foreclosed homes even 10 years after the last crash. Can you imagine what's going to happen to these cities and towns after another crash?
Well I can tell what will happen after the next crash coming to a state, city or town near you!
There will be foreign investors, billionaires (and some local) millionaires coming around like it's no tomorrow, and paying CASH on approx 50-100 homes. They will be purchasing directly from banks if possible, saving money by buying them before they hit the market. And then they will rent these homes to either people that lost their homes in the crash and or that can't afford to buy them because the prices are jacked so high from supply, demand and super inflated prices.
"It's a Never Ending Story"... wasn't that a movie?
I really don't know what to say folks except the next real estate crash will come like
"A Thief In The Night When You Least Expect It"
So prepare yourselves, put some extra cash away because if for some odd reason you lose your home the banks and the government will be squeezing you for money.
And please refrain from saying ... Who would have know? Why didn't anyone tell us? Why did this happen to me?
Because I told you so in this post and what goes up must come down, it's part of life.