If you've been looking for a new home or your first home Now is Not the Time to Buy!
We are in a massive bubble, to be honest I believe we are in many bubbles... It will only take one of these bubbles to crash or pop, to pop the rest.. The globe is relying on way to many interconnected areas to prop itself up, with all the debt the government and ourselves are collecting this is very, very risky! You may be asking (what is a bubble and how do we know were in one?)
Well an economic bubble or asset bubble is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value. (Sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon.)
We should see this Bubble Burst in 2017 or 2018 but we can't know for sure because the government always lies and has tricks up their sleeves..
This is a House I came across in Arkansas on the popular home finding site Zillow... Notice the crazy ups and downs in a short amount of time for prices at market value..This can be seen on almost any home for sale.. Also notice that in 2012 it sold for less than what the market value was on the home. I was also able to find more information on this house and not to long after it sold for 75k, something happened and the home was sold again for ONLY 15k.. That's insane but Zillow isn't showing that sale, I found this information out on either Remax or Century 21 and got the information confirmed from an agent.. (That was really hard to do, they don't want you to know this nice house has sold for so cheap before!!! But that's what a crash will do..!)
When I first looked at this home the site thought it should be sold for 199k it dropped quite a bit, but it still isn't time to make a move if you see this happen.. It's still over valued!
So guess what? Big companies like Remax and Century 21 are holding thousands of properties back, maybe more then that.. You ask why, well it's to create artificial scarcity like companies do with diamonds! But their playing this game with homes, so we will automatically pay more and probably get less out of it. If you watch the housing markets really closely you'll see that when a new home comes up you have multiple people racing towards that one home, and each one wants to put a bid on it, many of these homes sell for over what the selling price originally was (which means over market value!) Because people see what other homes have sold for, they want something like it and they feel like they have to get it ASAP, because the homes aren't sticking around for long, or so it feels... This cycle continues and the cost of owning a home just keeps going up and up!
Well eventually it has to come down, that time will be soon. Some of the biggest realtors in the world are selling all their properties as fast as they can right now, even below market value.. This is because they can see the crash coming and don't want to get stuck with all those properties they won't be able to sell..
Keep it in your mind that It's the best time to sell and the worst time to buy..
Lets move to renting cost.. The price to rent an apartment or a small home in a somewhat decent area is almost the same price if not more then getting a mortgage in a very nice area! That's insane and another sign of a crash coming soon.. People can hardly afford to live anywhere right now, the market prices are outstanding. In a way their hoping you'll go for the mortgage because it will feel more like you'll have the chance to own something.. Which is great, But owning that house is most likely 30 years away. What if an emergency happened or you lost your job and couldn't afford the mortgage cost anymore?? Most people now days don't stay at the same job for over 2 years and most are not upgrading jobs with higher pay they just get tired or fired and are forced to find somewhere else. The average person does't live in the same home for over 7 years, they are forced to move because of higher cost of living, have to move for a new job, or just get tired with where their at.. They know that a crash is coming, it's a vicious cycle that continues to play out!
Lets look at the price of rent in a few different areas.
Atlanta GA
Wheat Ridge CO
Albany NY
San Antonio TX
Remember we never really fixed the 08 crash, all our government did was delay a massive crash like no other we have ever seen before.. If you are thinking of buying a home just wait the crash will come but this also means you need to have something to trade in hand. The banks will not be giving out loans when the crash happens! They are already having a major slow down on the amount of loans being given out on homes + more.. This is a good sign that the crash is near... But they only slow it down so in a way the economy can look better, (backwards manipulation to slow the crash down but it's coming!)
Now when I said you'll need to have something to trade in hand I do mean you need to be putting money back for your future.. But lets think about this really hard.. When we hit another crash this WILL NOT just be a stock market crash like 08 this will hit every bubble from cars, houses, loans, the stock market and more.. Get whatever money you have out of the bank ASAP, if you have more than $1,000 in the bank start taking it out slowly.. (sounds silly but the bank will have questions if you take to much out at once) And no one wants to be snooped on but they can do it if we raise suspicion in any kind of way, you could be doing nothing wrong at all but they'll look into you hard anyway...
You're not going to want to hear this or maybe you do but, whatever money you can put back half or more should be put into Silver, Gold, or even Crypto Currency if you feel okay with that.. Prepping is all about what makes you feel better or safer at the end of the day. Now that I've said that lets go over why we should transfer our wealth elsewhere.
When this collapse happens our dollars will be worth almost nothing, Hell they could drop to literally nothing.. Excuse my french but all our dollars could or would be good for is starting a fire or wiping your ass with it.. We are already seeing some hyper inflation but nothing like going back to great depression days or like in Venezuela right now, where they are weighing their money out because it takes so many dollars to buy a loaf of bread or some milk..
This stack of money in Venezuela is only worth about $21...
Silver and Gold have been traded since before biblical times, it's a well known trusted way to trade for goods.
As of right now writing this article (Gold is at $1,268.20 and Silver is at $16.89) Most of us can't afford much Gold if any but don't let that scare you out of precious metals.. Silver is an excellent option to transfer your wealth. It's very very cheap right now and a great time to buy.. Both gold and silver will see some major jumps in value, every time the stock market or economy falls silver and gold jump sky high..
Crypto Currencies are a new way to transfer your wealth and if that's how you want to do it go for it.. We've seen some major jumps in the crypto world because people are so tired of fiat currency!!! We HATE it! Cryptos could be a great option for you but in one of my next articles I will go over both precious metals and cryptos into great detail, we will compare them and hopefully help with making your decisions easier..
Sorry it took so long to get this article out, I've been a bit under the weather and terribly busy in the garden.. I've got my energy back and I'm ready to write again. Thanks for reading!!
Stay Safe ~ Stay Woke and Follow for More :)
Great article!
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