I was going to DM some of the more experienced forum members directly but decided that the answers provided would be of good use to everybody here in the community.
My question is.. as a 24 year old involved in Real Estate. For the entirety of my life and many other investors of similar age to me (up to mid 30's). We have never experienced market conditions with high interest rates or high inflation.
I'm reading a lot from influencers, biggerpockets and from podcasts. The general theme is people saying that a housing crash similar to 08' is almost impossible due to the market conditions (low inventory and less stupid credit pumping the market). Also, in my own life a lot of friends and business colleagues share the same sentiment. The 08' crash was a traumatic event for many and I can see why everyone is looking at the indicators from that event to base their present and future decisions. I can't help but feel that it could be interest rates that bring our current bull run to at least a halt if not a minor decline.
I'm curious to hear any first hand accounts, stories or interesting points from people who have lived through those times. A lot of the current info out there, especially online around this topic is speculation and opinions from younger people like myself who haven't lived through it.
@SteveO @Antifragile @biophase @WJK
My question is.. as a 24 year old involved in Real Estate. For the entirety of my life and many other investors of similar age to me (up to mid 30's). We have never experienced market conditions with high interest rates or high inflation.
I'm reading a lot from influencers, biggerpockets and from podcasts. The general theme is people saying that a housing crash similar to 08' is almost impossible due to the market conditions (low inventory and less stupid credit pumping the market). Also, in my own life a lot of friends and business colleagues share the same sentiment. The 08' crash was a traumatic event for many and I can see why everyone is looking at the indicators from that event to base their present and future decisions. I can't help but feel that it could be interest rates that bring our current bull run to at least a halt if not a minor decline.
I'm curious to hear any first hand accounts, stories or interesting points from people who have lived through those times. A lot of the current info out there, especially online around this topic is speculation and opinions from younger people like myself who haven't lived through it.
@SteveO @Antifragile @biophase @WJK
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