Will the bubble burst in 2024, and send house prices crashing by 50 percent or more?
According to one economist, the ‘everything bubble’ is about to pop. Leading to the deepest depression we’ve ever lived through.
If that happens, what will continue to make real estate stand out as an attractive investment? What’s the best way to take advantage of the dip, without having to wait and hope that the Fed cuts interest rates?
The Everything Bubble
Economist Harry Dent predicts the worst depression of our lifetimes coming in 2024. This time it will be deeper and longer. With asset prices falling across the board.
He forecasts that stock prices will fall by around 90%, and crypto by close to 100%.
Additionally, in contrast to 2008, when he says property prices fell by around 30%, this time he says they will fall by 50%. For those that experienced 50-70% property price declines in the last financial crisis, this one would see them far even lower.
The primary reason for this is being blamed on 100% artificial inflation since the wake of 2008.
Real Estate Is Still The Most Attractive Investment
While trading prices may temporarily stumble, at least real estate offers a tangible asset. One that can bounce back. As well as being able to produce strong cash flow streams, regardless of paper valuations.
We could see a lot more demand for real estate in a period like this. As savvy investors are going to need a flow to preserve their capital, more income sources, and want to buy when prices are low.
The Best Investment Strategy
If you also anticipate a hard correction, or just aren’t sure about the direction of the economy in 2024 and beyond, then wholesaling real estate seems to be the best strategy.
It enables you to be in, out, and paid before prices change.
With Best Transaction Funding you can also take advantage of rock bottom interest rate deals right now. No need to wait in hope of the Fed cutting rates in the run up to the November election.
What’s your forecast for house prices in 2024? How will you navigate the market successfully?
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