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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]33 Market - robust recovery in mid 2023, economy will be slow to recover (as it always is). The markets will recover sooner and faster that the economy Jobs - unemployment will tick up, which is fine (in a weird way). This should bring down prices in addition to the Fed's actions..hence my point above. Inflation will take a least a year or two to come back down to the 2-4% range but as long as it decreases, my market prediction may pan out. Real estate - close in urban areas will be OK. Tertiary cities that saw immense growth will soften much quicker. It's normal for prices to decline a bit but nothing catastrophic as rates will come back to reality. Once mortgage rates come down (nowhere near 2021), it will provide stability and demand. [/quote]
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