Housing Market Update | WE'RE SCREWED (economic crisis 2020)

Housing Market Update | WE'RE SCREWED (economic crisis 2020)

Update of the real estate market for August 2020
A lot of speculation around the housing market with the historical numbers made by the housing market when it comes to loans and buying, we still have negative numbers in the last two quarters. So do I think it will get better or worse? To be honest, I think it will worsen housing marking and the economy unfortunately. I'm not trying to sound pessimistic at all, I'm just trying to be real in relation to the economic crisis and the housing market. I try to stay right in the middle when it comes to the economic crisis, the housing market, and what you need to do to protect yourself from the impending market crash.
James Monteier said, "I have never seen a market so valued in the face of uncertainty." It has a really good point in the economy and housing market. And I agree with him, because of the overload of large banking institutions, it is a good indicator, look back on 2007.
The Bank of England published a study back in 2018 about the excessively leveraged numbers from 2007 compared to now, and that was two years ago, imagine what those numbers look like now in relation to the economic crisis and the housing market right now!
1.8 million jobs were added to the economy in July, but still sat at a 10.2% unemployment rate. The aviation industry is looking to lose about 75,000 jobs during the economic crisis. 60,000 restaurants are permanently closed due to the economic crisis.
The huge leverage of the banks surrounding the mortgage-backed securities is at the heart of this housing crisis. But we still see a total selling market of housing.



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