Why Housing Won’t Come Back to Represent the Purchasing Power it had in 2006
John Carney and Charles Hugh Smith explain why housing will never come back in our lifetimes. It all comes down to fundamentals. We have experienced a 27 year cycle of declining interest rates which can’t be repeated and will almost certainly reverse. Fraudulent lending has been seriously exposed and, likewise, will almost certainly not be repeated.
Carney and Smith expect another bubble to develop and it is likely to be silver and gold.