Why Experts Say the Housing Market Won’t Crash

Good Morning Jane and Jeff and thanks for sharing your blog with us today in the Rain.  Make it a great weekend.

The local jobs are plentiful. People have pick and play.  Flag man, road construction crew flip stop and slow traffic signs makes $138 an hour under the tree listened to ipod.

$450k/year with benefits running servers for crypto trading. Both do not need a college degree.  

Interest rate on high fives are not scary.  A young couple are looking at a 3/1 1100 sf modest  1960 home with a 5K price improvement, asking price is only a $2,1000,000. Who does not have 420,000 savings in Silicon Valley?  Sold 1 week with 5 offers. Close to a fixer upper with plane noise. SFO path. Who cares?

Jane & Jeff Daley, PhD  I normally take what the so call experts say with a grain of salt, but in this case I agree.

I keep reading a plethora of reasons for a looming crash....and I read about growing housing demand in many areas!!

Why experts don't know what they're talking about, even though they think they do:

1. Experts don't have kitchen table talks with distressed homeowners.

2. Experts didn't have kitchen table talks with distressed homeowners in 2007 when the last crisis was hatched.

3. They can't compare today's crisis to the 2007 crisis because they don't understand either.

4. Experts in academia are blinded by their need to make their political false idols look good and to spread misinformation to cover up the failures of their political ideology.

5. Talking head experts in the media are also blinded by their need to make their political false idols look good and to spread misinformation to cover up the failures of their political ideology.

6. Talking head experts and experts in academia do not let facts and data get in the way of their ideological mission.

7. Experts can say whatever they want and not be held accountable for false prophecies or for misunderstanding the past.

Pp always need a place to live..what I see is an eventual migration inland as climate change decimates the coasts.

Sounds about right.  Inventory is starting to increase in our area, and rates have risen and then came down a bit, and buyers are hesitant.

All are excellent reasons to feel some confidence in the market!