Updated about 5 years ago on . Most recent reply
Next Great Depression - What does that mean for REI
I have been reading a lot of blogs on BP as well as articles on other sites and watch videos with people like Harry Dent, Mike Maloney, Ray Dalio, and more and they are all making predictions about a depression worse then anything that has ever happened. And being someone who is about to start my RE journey, there is a lot of talk that with this depression coming and with baby boomers retiring/dying and selling there RE, there is going to be a 40 to 50% drop in RE and because there is not enough demand to buy up the supply that is going to be on the market starting any time between 2021-2023. Also, predictions are being made that this depression will last between 10 to 25 years (2 decades being the most likely case).
What are some thoughts on this? Is now a good time to be starting in RE or should people be waiting for this big crash that is being predicted?