Home Prices will Keep Declining (DO NOT BUY IN 2023)
Robert Shiller, the economist who predicted the 2008 Housing Crash, says that now is a BAD TIME to buy a house in 2023. And that home prices will keep declining over the next six months.
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Inflation-adjusted home prices in America are at their highest level of all-time right now. Even higher than their previous peak in 2006 according to the Case Shiller Home Price Index. That suggests that prices have very far to fall - potentially as much as 40% in inflation-adjusted terms.
Cities that will crash the most are the ones with the most overvalued housing markets. Particularly in states like California where the Home Value / Income Ratio is the highest in America. Cities like Miami and Phoenix could also see home prices crash hard given how much they have gone up above local incomes and wages in the last five years.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
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#HousingCrash
Видео Home Prices will Keep Declining (DO NOT BUY IN 2023) канала Reventure Consulting
Go to Reventure App: https://www.beta.reventure.app/dashboard
Inflation-adjusted home prices in America are at their highest level of all-time right now. Even higher than their previous peak in 2006 according to the Case Shiller Home Price Index. That suggests that prices have very far to fall - potentially as much as 40% in inflation-adjusted terms.
Cities that will crash the most are the ones with the most overvalued housing markets. Particularly in states like California where the Home Value / Income Ratio is the highest in America. Cities like Miami and Phoenix could also see home prices crash hard given how much they have gone up above local incomes and wages in the last five years.
---
JOIN as a Reventure CHANNEL MEMBER:
https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Envato Elements. https://elements.envato.com/
#HousingCrash
Видео Home Prices will Keep Declining (DO NOT BUY IN 2023) канала Reventure Consulting
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