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I'm going to liquidate my portfolio


abenjami

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House prices are not high because of any reason other than supply. After 2008 bubble, banks changed how they loaned to developers. Developers started building a lot fewer starter homes. On top of that, the new houses built per 1000 people was basically halved. The starter homes became rentals because of investment. Now, unless you inherit, get a gift from parents, or have a high income, you will not be purchasing a home. 

 

Banks saw this trend well before the middle class, so they started gobbling up those starter houses even faster. Land is the smartest investment (long-term) that anyone could ever make. It's the OG block chain. You can probably get a better return with an ETF, but you WILL NEVER match the tax advantages and cash flow of land. 

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Jfc are you a boomer? Here...    

This is one of the problems.... It could go higher for much longer and/or when you get in it could go lower much longer..... You have to guess right twice

Way back when Bush was president he signed this https://theweek.com/articles/767184/how-george-bush-broke-post-office   Around the same time my house flooded, home insurance doesn't cover fl

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The US labor market started 2024 on a high note.

 

The US economy created 353,000 nonfarm payroll jobs in January according to new data from the Bureau of Labor Statistics released Friday, more than the 185,000 expected by economists.

 

January's job gains were also higher than December's revised figures, which showed there were 333,000 jobs created last month. Initial data out last month showed there were 216,0000 additions to the workforce in the final month of 2023.

 

https://finance.yahoo.com/news/january-jobs-report-us-economy-adds-353000-jobs-blowing-past-wall-street-expectations-133251408.html

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