Will housing prices crash again in the next 4-7 years?
Or are we going to see slow and steady 2-4% appreciation for the next 30 years like a "perfect economy"
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#4 Marketing Your Property Contributor
- Lender
- Greater LA/Orange County area, CA
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#4 Marketing Your Property Contributor
- Lender
- Greater LA/Orange County area, CA
It's actually a rather foolish question.
No one, of course, can predict with certainty what will happen.
Serious players know that markets take hits every so often. That is a given.
Where I live in CA, we have earthquakes. Cannot predict when they occur but that they WILL occur. So, you plan according to your tolerance for risk.
After 35+ years of real estate I've survived 4 or 5 crashes. If the deal is right and the cash flow is there, you'll gain and lose equity as markets appreciate and retrace. So, you just build that into your plan.
People who are looking for reasons not to take a certain action ask questions based on fear and doubt to reinforce reasons for not taking a certain action. Nuff said.