*if you own your own home. Per the Denver Post, American homeowners have added seven trillion dollars in wealth as homes have appreciated at record rates.
I do expect some of this to disappear under President Biden. His inflation is increasing mortgage rates. This will prevent many Americans from getting approved for loans so competition will decline for housing. Not as many bids.
On a side note, also expect the stock market to decline. Investors are getting out of stocks and back into bonds since interest rates are rising. At record fast amounts.
Thomas Sowell: There are no solutions, just trade-offs.
