Quote:
Originally Posted by ideafspy
I am just wonder about the house of price because in few years. What would happen to everyone who born the baby boomer after WWII. What happen to empty house when those people decide to move on...
Will the price keep going up and up and up? It just make me wonder because I talk to mortgage about my concerns for future of house and where will we will live. Beside, they say it will be interesting that market will effect in history on this moment due foreclosure the house over the USA. Also waiting on the new president and will that new president going do about that house issue?
It justs interesting how will that impact our lifestyle become HIGH! Possible going back to Great Depression again?
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Correct. That could cause the Great Depression again. It's impossible to let the house go up and up up up forever, sometimes it could get crashed down really fast, for example, Michigan. Michigan was used to be very good at ecomonic system because they make alot of different kinds of cars selling around the world, but now many of cars company factories shutted down, cause low jobs available, which make Michigan have so high foreclourses, plus many of houses are cheaper than the cars.
It's depends on the ecomonic system, if people have money then it will go up and up and up, if not everyone have money, the ecomonic system will go up and down and up, sometimes crashed straight to down.
When the ecomonic system go down, the Great Depression will come.