The real estate market is like the gold market, it cannot crash.
Whaaat?? How old are you--and I ask that in all seriousness, because I'm old enough to remember the run-up to 2008 or whenever it was when real estate took a nosedive from the clouds and many thousands of people in the US lost their homes because they were taking out mortgages for houses they were never going to be able to afford--and the banks and mortgage companies were just as irresponsible as the folks in the subprime mortgage category. Haven't you seen the move The Big Short? Check it out if you haven't.By the way, gold crashed in 2011. You're wrong and wrong.
The world population is increasing day by day. land cannot be created anymore, so the demand for real estate will increase every year and it will not stop.
Let me just tell you this: the earth is big. People want to build their own new house, but usually there's no need to do so if they're living in a relatively populated area where there are pre-owned houses for sale all over. In my state I can go driving and go miles and see nothing but fields and woods. I've driven across the US and seen how much empty, unoccupied space there is, and there's no way in hell the population is going to grow so fast that real estate is always going to go up. That's ludicrous.You need to go back to school, son.
