"Real Estate only goes up
"Your home is your biggest asset"
"The best way to make money is to be in debt"
These statements are all lies. And are only true in a debt based, fractional reserve lending monetary system, with a growing population and a group wanting to force everyone into cities (out of the country) and keep housing limited so the price stays up.
Any one of these things change, and the statements are complete lies.
"Humans are tied to the land, so real estate is valuable"
The first part is true, the second part is false, because there is enough land for everyone to have all they can manage. There is so much unused, almost untouched land all over the world. Only by restricting property and keeping it from future generations can we have a real estate market.
And this is what has been done. And, it is all falling apart.
In every metric, real estate is about to die.
Further, we will see a future where we no longer live in horrible suburbs on postage stamp lots, so we can be semi-close to a building we go to, to sit at a desk for 8 hours a day. All of that is no longer necessary, no longer wanted, and humans will be waking up to much better ways of living.
Commerical Real Estate is Toast
For all the bad things that happened during the lockdowns, many people experienced working from home. And now that they have experienced it, they aren't going back.
Many companies/bosses are demanding that their employees come back to the office, and the employees are just saying no. Even if they get fired. They aren't going back.
Add onto this that businesses are in recession thinking, everyone is downsizing. No one wants those big buildings. Many big stores are closing non-performing locations, or are just going bankrupt.
Commercial office space is being left vacant. Commercial store fronts are boarded up. And, all of this real estate is on short term loans which are coming due. Already big, expensive buildings are being sold for 10¢ on the dollar. It will be even worse soon. Foreclosures on empty buildings that may never be filled is what is coming.
The only thing that can be done is to turn these commercial buildings into residential rentals, which a lot of companies are going to try to do to save their bacon, but unfortunately, it is going to fail because…
Rental properties are going to be left to rot
There are only a few things keeping rental prices up
- Momentum in the market. No one wants to drastically cut their sale price
- Immigrants and their funding
- Low inventory
- Boomers keeping their houses off the market
All of these are about to change.
Boomers are going to have to start selling. Or their estate will sell. And that is 25% of the market being sold over the next 10 years.
Worse is the natural disasters and unnatural VAXXX deaths. There will so many less people needing housing here soon.
Immigrants and their funding are about to leave. If Trump wins, the funding will be cut off. If Trump doesn't win, the funding of that funding will come to a grinding halt, as people truly stop supporting govern-cement. Further, immigrants are getting a bad rap. And soon, they will cross a line, of which all red-blooded Americans will take to driving these people out of the states.
So, in short order, there will be a lot of available housing, and no one to rent it.
The people are tired of being price-gouged on rent. To much free money into the housing market caused it, but landlords are going to pay the bill. Not only are people suffering under inflation and a bad economy, the spend too much on rent. So, as many houses are emptied, others will just move in and squat. They won't care about the destruction of the social order, nor about property rights.
So, landlords won't be able to rent their houses/apartments. Further, they won't be able to sell them. There will be no one getting mortgages to buy a house, when there are tons available for just walking in.
Of course this won't happen overnight, but it will be more than done in a decade.
Large, mutli-family homesteads will be the future
As food gets worse on top of being more expensive, many people will get out to the country and start growing their own food.
People will form into small communities for mutual support during these rough times. And our ideas of single family houses will be discarded. Living in a house with multiple mothers all mutually helping with raising kids makes for a far better and less stressful environment. Babies aren't left for only the mother to nurse, clean, entertain, feed, diaper changing… you have several that can work in shifts. We used to know this. We have forgotten because we were sold on the idea of a cracker jack box as being our biggest asset.
With a small community, you can leverage each person's expertise, instead of everyone having to know everything as you do on a solo homestead. We will have a full workshop in each community that is able to fix all the equipment they have. Each community will also specialize in a trade item. Making an item that other communities will want, and thus the every person will have some work in the community, and something to trade to others.
What is missing from this picture is a bunch of single family homes with barely a front yard. all clumped together. These things are inefficient, cost too much, and are completely worthless for people of the community.
In the not too distant future, there will be entire housing developments that are devoid of human inhabitants.
There will be no real estate market. And it is about time.
Real Estate - a Spanish word - Real = the king's. The King's Estate
If we are caring for the land, it is our land. It does not belong to the king, the crown or what ever govern-cement. They are not caring for it.
And this is what will really end the real estate market.
