… below levels of 20 years ago, after adjusting for inflation.”
Now there’s an attention getter. But it’s the first thing I’ve read this month from a credible FA post that I completely agree with.
Unless you got a great deal in a seriously undervalued market more than 10 years ago and never took out any equity, you are destined to be upside down before U.S. real estate prices level.
In fact, this entire post is extremely well written and insightful. Covers a lot about markets, and the Fed, not just property values.
This a must read from Andy Xie.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.