We’ve all seen that real estate prices are on the rise again. While many people point to this as a sign that our economy is recovering, world-renowned business strategist Harry Dent predicts that it’s actually the strongest proof of another housing market crash.
And what’s more… Harry believes this housing market crash will make the previous real estate crisis look like a walk in the park.
It’s just another bubble. And, like all bubbles, this one will eventually pop.
With a smaller generation (echo boomers) following a larger generation (baby boomers) for the first time in history, we’re caught in the trap of “diers” vs. “buyers.”
Essentially, millions more people will be leaving the housing market than entering it. With sellers drastically exceeding buyers, there will be a huge housing glut. And as we learned in Economics 101, when supply outpaces demand, prices drop proportionally.
That’s why we’re looking at another massive housing market crash just ahead.
But demographics also tell us other important things about real estate. Just as the aging of baby boomers and echo boomers will cause the next housing market crash, it will have widely varying effects on other real estate categories and geographies. That will create a number of profitable opportunities for those who are savvy enough to take advantage of these little understood trends.
In his exclusive report, Get Ready for The Real Estate Reset, Harry Dent explains the truth about real estate. More importantly, he details how to survive the next housing market crash. And it’s yours FREE when you sign up for Economy & Markets, our FREE daily newsletter.
• In his 1989 book, Our Power to Predict, Harry foretold of the collapse that hit Japan’s stock and real estate markets in 1990.
• Then in The Great Boom Ahead, he predicted America’s completely unanticipated boom at the end of the 20th century.
• In February of 2000 — at the exact moment the tech bubble peaked — he released an alert to his readers, warning them to get out of Internet stocks.
• Almost six years later, in late 2005/early 2006, he warned that the U.S. housing market was nearing its peak.
• Finally, in 2011 — months before the euro-zone crisis began — he sounded the alarm of the coming European fiscal nightmare.
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