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Reply to "What's your age and general stock market, jobs, and real estate prediction for the next 5 years?"
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[quote=Anonymous]Curious how different generations perceive the current economic climate in terms of general economic outlook. Me: Age 49 Stock market - a sluggish bear market that will last another two years before a slightly slowish recovery starting in year 3. Be back to bull market year 3-4 onwards. Jobs- higher unemployment Real estate - prices will correct at least 20% depending, mainly driven by high interest rate. But inventory will remain low BC people would rather remodel or build additions rather than upgrade to a bigger house. BC people don't want a high interest new mortgage. New home construction will fall but remodelling renovation business will be big. [/quote]
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