Housing market Peak

  So everyone wants to look at the charts and make a determination that the housing market is at a peak based off of previous data. I am not so convinced.Housing market has also continued to grow nonstop In the same exact chart. I think the difference between the bubble now allegedly allegedly and the bubble in the past the past is that the mortgages are not built on horrible notes. What if this is not the peak it's not the peak and inflation is just it's just buffering all of our costs. I saw this gentleman buy a truck for $22000 2001 And then list it for sale for $25000 used 20 years later. He'll get about what he paid for it. It's not that the value of the truck has gone up so much it's that inflation has caught up with everything. Now I'm not an economist nor do I consider myself a smart guy and I have a lot to learn,But When I was young you were always told if you do a good job Then every year you ask for a raise. I never stopped to consider that if the cost of the product that was made didn't go up every year where would the extra revenue come from. There are always winners and losers but in order for there to be a winner there must be a loser. This has never been more true than in the stock market. The housing price being at a high in conjunction with limited inventory and huge demand Means it could stay at a high So long as there remains limited inventory and huge demand. I don't see these forbearances ending And the deferments ending resulting in short sales and foreclosures That won't result in some people making a lot of money off of them. We all see it coming And a lot of people are very prepared for it. If there is a drop it will not be severe nor will it last long because so because so many people can predict it's coming. Last time this happened people lost their life savings in the stock market in the preceding months. This time people are sitting on their money waiting to buy houses. Credit card dead is at an all time low. And the stock market is very high. You have lots of bitcoin millionaires who are looking to do something with their money. Lots of young people on Robin hood trading that have never had this amount of money before. Lots of people who have not spent their vacation budget are waiting To do something with it. I think the fantasy notion that most of the country is broke living off of stimulus checks is a joke. Those people do exist and they are the consumers that we all rely upon But they aren't the ones buying the houses the cars the cars were dropping the large sums of money into the stock market that makes the kind of changes that we're talking about. Most of them are unchanged by the UPS and Downs of these events. As a result Of them receiving all this money debt is bigger, And inflation is likely. Because of these factors I feel like the housing market isn't going to dramatically crash although it may dip it will continue to rise and as a result I feel like if you're in a good situation with your property then don't make any changes until you feel like you need to. I did this with speech to text on a phone so don't be too critical about the grammar punctuation or typos.

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