re: Wall Street: Housing market to see 2nd biggest home price decline since Great Depression

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Where is Paul Allen?

He said prices were going to go up because of lack if supply

You can’t have rising interest rates and inflation and expect housing prices to keep rising when they are at all time highs.

It’s economics 101

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It depends on where in the country you live. Texas, Florida, Tennessee, Carolinas are all experiencing and will continue to see an influx of residents from New York, California, Illinois, etc. (the high tax & politically blue states). There is not only a tax migration taking place but also a political migration taking place so those red states with low taxes will continue to see massive growth.

Also the best way to financially leverage your way through a recession is to purchase real estate. Those with cash know now is the time to buy real estate because the best time to buy is when no one wants to buy and the worst time to buy is when everyone wants to buy.