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Real Estate
Reply to "Should current homeowners wish for home values to decline?"
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[quote=Anonymous]OP it's not unique to the US. I recently sold a property that I inherited in a very poor country in Africa. I was expecting maybe $100k and I sold it for $500k. We are talking about a country with a GDP per Capita less than $1000. Of course I was happy. I am even more happy that I sold it now because it's clearly a bible waiting to beust, but then people over there told me the increase in property values has been constant for the last 20 years. We will simply reach a point where wages won't be able to keep.up and only a fraction will be able to buy. When we get to that point what will happen to home values then? I don't know. In the context of get US assuming immigration is severely restricted, low birth rates consist and aging accelerate, in that scenario can we still expect home values to keep rising? Again I don't know One thing is clear every single homeowner wants endless increase me included lol. [/quote]
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