Jon Smirl

When Will Housing Prices Return to Previous Highs?

In a 10 year time frame inflation is going to come into play. How much inflation is $2T in government spending going to cause? George's brother's rent will increase with inflation. George's house is going to inflate and he will be paying that loan off with inflated dollars. 5% compounded over ten years is 62%. 8% is 215%.

Also, a major of those 4M homes for sale are owned by people who will buy another property immediate upon sale.