harry dent jr: The Great Housing Bust of 2008 - 10/02/08 10:28 AM
Harry Dent predicted our current situation when he showed that a slowdown in the birthrate 25-35 years ago would lead to fewer people entering the housing market to buy homes. It is those new buyers who fuel the growth of the rest of the residential real estate market.
If you look at the following graphic and imagine the following scenarios, you can see how the cycle speeds up or slows down. (We'll scale down the numbers to make them conceivable)

Imagine a "normal" or traditional sum of about 10,000 first time buyers entering the market yearly. (Remember, we scaled this … (7 comments)

 
Benjamin Clark, Buyer's Agent - Certified Negotiation Expert (Homebuyer Representation, Inc.)

Benjamin Clark

Buyer's Agent - Certified Negotiation Expert

Salt Lake City, UT

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