Right now is the time to sell

Unless you live under a rock then you’re well aware that we are headed into a recession. This recession will resemble closely to the 2008 recession, however the housing market will not drop as aggressive as it did in 2008 because we are not in a housing bubble.

“The housing bubble that led up to the 2008 crisis is attributed to a combination of cheap debt, predatory lending practices, and complex financial engineering that resulted in many borrowers being placed into mortgages they could not afford.” (Business Insider 2022) Financial requirements to secure mortgages have increased to keep up with the ever changing market to establish security on their investments. The real estate market is not going to crash due to how much times have changed since the last recession, but it will however slow down drastically. The housing market today is absurd, historically speaking home prices are currently at an all time high (Fox Business 2022)

If you’re currently renting then your main focus should be saving up capital and wait for the rising mortgage rates to slow down, if you’re currently a homeowner then you should be focused on seizing the market and your homes worth for what might be the most exaggerated value that the market has seen. The real estate market is considered to be a lagging indicator of how the economy is doing, right now we are at the beginning of the recession which is depicted by the high value of homes, as the recession continues the housing market will follow. Price of properties are not going to fall drastically but they will indeed slow down and lead to the market correcting itself within the next 3 years.

There are winners and losers to everything that happens, this housing market supplemented with a recession is worst case scenario for renters, but for home owners this is a golden ticket to financial freedom. If you or someone you know have ever considered of cashing out on their currently overpriced home please don’t hesitate to contact me with any questions or concerns.

Otto Dittrich

616–218–1129

Otto@ubehome.com

Related posts:

Todos los pueblos del mundo enfrentan la complejidad de la realidad en la que viven a través del mito. Este muestra de manera sencilla lo que racionalmente parece muy difícil de ser explicado y…

The SaaS Revolution Show is a weekly podcast that brings insights and tactics from leading SaaS entrepreneurs and operators across the world. Hosted by Alex Theuma, the show is brought to you by…

What if there is something to the whole debt scheme of the world. How can you use the indebtness of the US to help understand how to make debt work for you?