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What's your opinion on buying property in the next five years? Well, it's 2007 right now all over again.

And all, you know, on Thursdays I usually go through, you know, the economic data as I get it, whether it's housing or the money supply or whatever.

So things are getting worse economically.

The money supply has been contracting and last year or two, it's only been growing at like

4.5% and it needs to grow at 6% or better.

But there's going to be a lot of debt destruction that's going to happen you're going to

see some bank failures and I wouldn't expect to see that until probably next year think of next

year 2026 is kind of being like 2008 all over again so I would expect some bank failures

sellers are still pretty stubborn thinking that you know some of them are pulling their

properties off the market thinking they'll just put them back on the market in a

few months or next year and then they'll get their ridiculous high prices but

the median income did not go up and so and then plus with the interest rates high

people cannot afford the prices that the sellers are asking for the property.

So like in our area, one of the things that were, I think we're talking about yesterday was that in Fort Lauderdale, Florida, which is one of the cities in South Florida, the cancellation rate.

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