New reports indicate that both new home sales and existing home sales are slumping. Rents are insanely high and debt is at all time levels. after the first crash I was doing grunt work on foreclosed homes. This included evictions. ( Sad to Say) I guess we have not learned from the 2008 financial collapse. I got to see first hand how people lost everything and families got destroyed by the stresses.
Central banks have caused massive bubbles in all sectors of business. The next crash might be of epic proportions. For those planning on purchasing a home, I think it might be a good idea to wait a bit and watch as prices drop. Do not fall for the financial traps.
