If You’re Under 30, Do Not Buy A House Right Now. Here’s Why
By Jamie Mcintyre
IF YOU’RE UNDER 30, DO NOT BUY A HOUSE RIGHT NOW. HERE’S WHY
Step 1: The US just started a WAR with Iran. Trump says it could last 5 WEEKS.
Step 2: Iran CLOSED the Strait of Hormuz. 20% of the world’s oil is now BLOCKED.
Step 3: Oil is surging past $85/barrel. Heading to $100+. Maybe $120.
Step 4: When oil goes up, EVERYTHING goes up. Gas. Food. Shipping. Construction materials. EVERYTHING.
Step 5: Inflation is COMING BACK. Bank of England rate cut odds already collapsed from 80% to 29% in ONE WEEK.
Step 6: If inflation returns, central banks CAN’T cut rates. They might even RAISE them.
Step 7: Higher rates = higher mortgage rates. 7%? 8%? Maybe higher.
Step 8: Higher mortgage rates = people CAN’T afford payments. Forced sellers FLOOD the market.
Step 9: $3.2 TRILLION has already been wiped from global stock markets in 4 days. People are LOSING their down payments in the market crash.
Step 10: South Korea’s stock market just crashed -8% and TRIGGERED A CIRCUIT BREAKER. Japan -6%. Dow -1,200 points.
Step 11: When stocks crash, layoffs follow. Tech. Finance. Real estate. Construction. ALL of them.
Step 12: Laid off people with 7% mortgages they can barely afford? They SELL. At ANY price.
Step 13: Housing inventory SURGES. Prices DROP. 20%? 30%? In some markets — 50%.
This is EXACTLY what happened in 2008.
Oil spike → inflation → rate hikes → stock crash → layoffs → housing crash.
THE SAME SEQUENCE IS PLAYING OUT RIGHT NOW. Step by step. In real time.
If you have cash, SIT ON IT. The biggest buying opportunity of your lifetime is 12-24 months away.
If you just signed a mortgage at the top? I’m sorry.
This isn’t fear. This is math.
Bookmark this. Come back in 18 months.
Editors note:
That’s why at LUX Property Group we pioneered interest free funding up to 80%
Zero interest
