The author first explored this topic in 2015, and this follow-up article was published in February:
Welcome to the Brave New Housing Cycle: Factors indicate that an extended housing boom is underway.
A new long-term housing boom is upon us. And COVID-19 is the main reason why.
Both housing and economic cycles used to last five to seven years, but the economy has shifted to longer cycles, due to factors such as technology and monetary policy. The housing market has followed suit and the result is what I have defined as the Brave New Housing Cycle, which is poised to last seven to 10 years.
The current Brave New Housing Cycle actually started last year.
Read full article here:
I totally agree with this and believe with the new roaring 20s We’re going to see housing increase at least 10% off for the next 5 to 7 years. Similar to what happened after the Spanish flu in the 1920s
Yes and no, yes on the investor demand but how is that market right now? I have to imagine a lot of people are not paying anything.
Companies are not in a position to raise wages to sustain this. This short-term price spike may last a few years but demographics and compensation trends cannot keep it aloft.