These are not the opinions of this blog, but rather a forum to introduce thought…real estate is cyclical, but human nature is pliable…Wenston DeSue
To everyone, Realestate BUBBLE, CAUTION PEOPLE, watch foreclosures, here is the problem. Housing shortage yes, why big corporations like Blackstone, Zillow, Redfin filling their portfolios with realestate investments, bidding above the normal buyer, winning and falsely inflating prices on a so called false market now raising rates due to again false inflation, planned. It's all misrepresented by greedy corps and all about MONEY. Don't be fooled. What do you think will happen when big Corps flood the market with their portfolios of realestate, excessive supply it will happen, GREED. What do you think will happen to home prices and how much equity will you lose especially if you bought at these inflated prices. Below is just an example to start.
A major real estate developer just sold half of his portfolio. Is it time to exit real estate?
The home price appreciation since the COVID-19 pandemic began has been staggering. Over the past year, the Federal Housing Finance Agency (FHFA) House Price Index has risen 17.5%, and that is an average number. In some of the hottest markets like Phoenix, prices have been rising up to 38%.
Recently, developer Marvy Finger, who has over 5 decades of developing luxury real estate properties sold half of his Sunbelt apartments, as he considers the recent price appreciation to be unsustainable. He warns of an upcoming glut of apartments. Does this mean trouble for apartment real estate investment trusts (REITs) like Equity Residential ( EQR 0.11% )?
Real Estate
Wenston DeSue is a realtor, organizational consultant, design, construct, build expert and developmental networker. Real estate is the business of exchange and affects every person on the planet. Real estate on all levels represents resources, access and ultimately, power. Knowledge is power…
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