What Will Cause the Next Real Estate Crash? It’s Already Happening RIGHT NOW!
As real estate prices rise, they are met with an obstacle: Rising interest rates. Look at where they were a couple years ago compared to today. They were at historic low and have since risen to multi-year highs. The average person cannot afford more debt. It’s mathematically impossible. So there is only one result: Government must intervene, or prices must fall.
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
Mortgage rates reach seven-year high in a housing market reckoning - MarketWatch
https://www.marketwatch.com/story/mortgage-rates-reach-seven-year-high-in-a-housing-market-reckoning-2018-05-17
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S&P/Case-Shiller U.S. National Home Price Index | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/CSUSHPINSA
5ae0e14619ee8623008b4995-1136-915.png (1136×915)
• House price to rent ratio in Canada 2014-2018 | Statistic
https://www.statista.com/statistics/592142/house-price-to-rent-ratio-canada/
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