Live~NRGY

In my humble opinion things are converging to the point of a potential problem for the housing market. With Eurozone in trouble, low interest rates that cannot continue on forever, boomers buying condos left, right and center, more boomers than generations x,y,z population stagnation, there will come a time there will be more houses on the market than people to buy them.

Also with low interest rates, home prices have been going nowhere but up as people not only view real estate as a safe investment vehicle compared to the stock markets and real estate brokers jumping on the bandwagon to make up for declining commissions and bingo the receipe with all the right ingredients are just about right to cause the next big thing.

But hey, I’ve only been looking at this through the looking glass for the last 12 years since our last Tech bubble bust and the recent financial crisis hit Wall Street. Since I’m an average Joe Blow, I’m bound to be wrong – right ? Better safe than sorry to keep a keen eye on things before we get there. Prudence the better part of valor, I suppose.