Loading ...Mr Copper it’s all over the place. RE is always booming, it’s all uncle scams money backing freddie and fannie. They are the housing market. CO didn’t get your message, nor did the entire western US. Here’s the problem, RE values are regional. Some areas are never going back down in price, just like some areas don’t have much room to go higher because people refuse to live in certain regions of the country. People are tapped out. It takes jumbo mortgages when going over the $417K line. They’re going to have to make payments longer than 30 year…lol.
I think uncle scam really needs to keep citizens in RE. They can tax people into perpetuity. You can’t hide it anywhere, so it’s an easy tax target. They can easily repossess it. They can use legal extortion to steal it from you. It’s goes on and on. But somehow it’s America’s identity. The only way to make money. People have become stupid rich from it with no skin in the game. Just some shit down payment and windfalls of cash in appreciation…aka inflation