Even though I'm very handsome and a great dancer - I don't profess to know what direction prices are going. I've concluded that in all things assets - what's up is down, what's down and up - and people much smarter than me - understand it. I just take occasional guesses and make medium sized bets. Anyhow, the buyer in me wants a cooling off in prices, but the investor in me would be rather please to see more price increases:https://finance.yahoo.com/news/high-goldman-sachs-predicts-h...Goldman is forecasting +15% in 2022 - and another 6% in 2023. Obviously, this doesn't take into account one of the 1,000,000 geopolitical surprises hiding in the basement - but nevertheless, this is what they said.I've really told myself to wait before buying more. But then I read this - makes me start looking at listings again.
Obviously, this doesn't take into account one of the 1,000,000 geopolitical surprises hiding in the basementNot just geopolitcal issues. It also doesn't take into account that real estate gains/losses are also very local. For instance, I saw a WARN notice the other day that they are going to be laying off over 700 people from a factory in Newton, IA (pop about 15k) that employs about 800. The notice also said they may be shutting it down completely. My guess is that there will be losses, not gains in Newton in 2022. Of course, to average out to 15% gains nationwide, I'm sure that there will be other localities that will have 25% gains.AJ
The right time to buy real estate was always 15 years ago. Since we can't do that, find something which makes sense.
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