DSNews reported today that Fannie Mae believes the market will adjust in 5 years. Adjust from what…to what? We’ve been hearing this term “rebound” since the market tanked, but nobody is clear about what is meant when this is said.
Are they thinking that prices will return to the height of the market? Not likely. A measure of average appreciation in the 10 years prior to 2004 will show modest increases year over year. If you apply the increase as though the market never went ape shit, you can draw a simple average that shows that even in 2020, prices won’t even come close to what they were in 2006. So what do they actually mean when they report a potential “rebound?”
Government being involved in our business is nothing new, and fortunately for those of us who can think for ourselves, it will continue to fail at attempting to change the economy. Perhaps that will keep the reality of personal economy driving the nation a reality long enough for us to regain control over our own nation. Remember, we, individually, are the economy. When we go to Starbucks, we are the economy. When we see a movie, we are the economy. The economic problems in this country can only be attributed to the personal financial habits of each and every individual. The government only screws things up when they try to “boost” the economy through rules and regulations, and they do not have a crystal ball to predict the future. The only “crystal ball” they have is their ability to manipulate the market to achieve half-assed short-term results.
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