The Housing Bubble is Even Bigger Than the Stock Market Bubble - TheStreet

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Realist

6 hrs

Real estate is overpriced, in particular retail and office space. By how much I don't know. Is it a bubble? Maybe.

In terms of personal property, the pandemic has certainly enticed people to yearn for a parcel of land with a house on it as opposed to high density, high rise housing in major cities. As always in life, change happens.

No matter where you live, you can expect markedly higher property tax rates going forward, as governments deal with the enormous costs they have incurred dealing with the pandemic. Not to mention all other taxes. Too bad the pandemic was handled so poorly. Of course, the US has so many things that prevent it from an effective response.

A narcissistic moron President Trump.

A lack of federal leadership and a large number of States who will oppose whatever the federal government does recommend.

A population with way too many morons who would rather die than wear a mask or listen to an expert.

A health care ”system” that is not a system at all, but an uncoordinated mess of profit driven companies that end up costing the the country twice what other countries pay for health care

In short, it's a mess. It won't be long until you hit 200k cases per day and 2k deaths per day.

That won't be good for the economy, or for real estate.

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The Housing Bubble is Even Bigger Than the Stock Market Bubble - TheStreet
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