It's funny, reading and listening to disporian posts last week how the middle class would forever be crushed because big business would buy up all real estate and would displace the American dream with a permanent renter class.

Um...not so fast. Maybe eventually, but government intervention in the markets is quickly going to get everyone in hot water and fast. Inflation rates in March were crazy and April isn't looking different. Now they are trying to push through a forbearance bill to stall foreclosures until 2022. There still are eviction restrictions in many states. The number of homes that will be in default, the number of renters who haven't worked out deals with their landlords will be astronomical.

But the big danger to the economy is higher interest rates. That alone is going to punish real estate values. Each 1% increase in rates could flatten values especially in highly over priced markets by 10-15%.

You young guys who think it's onpy a temporary adjustment missed obviously 1989, 1999, 2008 and its about time we paid the Piper in terms of irresponsible economic policy. Government should stay the heck out but they never do not.

Look at the stock market at well, it's over values by 200% some experts are stating. Buffett, the dude who called the 2007 crash are suggesting caution or are completely bailing. Any consulation is a ton of our tax money is being tossed away by young investors who haven't the foggiest on how it works.

I remember 2007 and how many experts were not saying things would crash. I remember going to a mortgage conference in 07 (May) and was told by industry guru's how the best days were just around the corner. 2 months later the company that sponsored that event was the first wholesale lender to shut their doors.

I wouldn't buy anything in this market...house or stocks. We'll see who's correct on this one. If the Fed doesn't raise rates then I guess we may unfortunately all experience what our grandparents experienced, super high inflation. The longer they wait to increase rates the worse the increases will be in 2 to 3 years. I'd rather they starting knocking them up .25 ever 3 months until they figure this out