Loading ...It could start a new fast climb they can’t control the next time. Spoke to a guy in the bank today, asked him what’s with all these $600k plus houses? He said the older folks are giving the money to the younger couples, the kids. Mostly cash buys. Kids pay only insurance taxes and maintenance.
Instead of investing in gold or silver, for inflation hedge, they are plowing unused cash into real estate at higher and higher prices. Getting less for their money.