[Merged] Real estate crash - yes, no, maybe?
While I do agree that real estate is overpriced and a lot of people are taking loans that they can't afford to pay, I am also looking at the real estate as an inflationary hegde. I mean, when you listen to economists, they always talk about risk of deflation, but the fact is things are not getting cheaper. Your buspass in not getting cheaper, food is not getting cheaper, gas is not getting cheaper and the scary part is gold is at the record high. That inflationary trend can also play against me as taxes on condo will go up and so will condo fees. At the and, I may be paying in taxes/fees as much as I could be paying to rent the place (not including the mortgage).
But let's stop blabbing.
Crash - yes, no maybe?