106 – Should You Wait To Build Or Buy A Home Today? It’s Just Math
In this podcast, Bob and Shawn discuss the math behind why you should wait to build or buy a home right now. When COVID-19 hit, the Federal Reserve and government put over 8 trillion dollars into the economy to stimulate it. This created massive inflation, especially in real estate. Now, with the federal reserve saying they are going to raise interest rates back to normal, taper bond-buying by the billions of mortgage-backed securities, and reduce their balance sheet, homes prices will have to decline dramatically to compensate.