Corona virus only magnified and accelerated what economist were already seeing fundimentally wrong with U.S.

As research coming in from behavioral economists nowadays tells us we make purchasing decisions based almost entirely on our emotional temperament, looking into figuring out ways to set myself up through a more irrational lens of stress and fear instead of practical reasoned data started to make a little more sense.

DEC 12, 2023Good news for Greater Toledo homeowners and all concerned with prosperity here comes from Realtor.com’s forecast for 2024.Economists for the largest online real estate website predict Toledo will be the hottest home market in the nation next year.Affordability and stability are behind the Realtor.com projection of 8.3 percent price gain for Toledo homes in 2024.

Then again, I'm not an economist and I don't pretend to be an expert on this complicated game.Bottom line, I continue to invest in as well as find profitable deals for clients, through it all, which requires adapting to current market and interest rates as well as STR supply/demand with shifting strategies.

With the 10yr rising from 0.31% in 3/2020 to 4.55% now, and if one believes in the data from Soviet mathematician/economist Nicholai Kondratiev, the interest rates along with GDP, follow long 50-60 year cycles of Leverage Up/De-Leverage, or expansion-contractions.

Not even economists can predict inflation well, especially more than say 2-3 years in the future. 

Quote from @Leslie Anne Morris: I am at STR Forum in Austin and this morning Bram Gallagher, an economist from AirDNA said they do not know where this report came from.

A big chunk of the housing shortage goes back to the Crash of '07 / '08 when, according to the economists of the day, 80% of builders and developers went bankrupt once the supply of new mortgage lending dried up.A good solution - though not the only one, certainly - would be to get home building back on track.

Which every economist will tell you is the best way to fight inflation. 

Economists are talking about global recession everyday.