I strongly recommend buying real estate now, and of course you want to be wise about where you buy your real estate. I would not feel comfortable with a majority of my retirement account in the stock market or in the bond market right now. We are living at a time when the market is at or near a peak, and at some point in the not-too-distant future we are going to see the largest market crash we have seen in our generation. I don’t know exactly when, of course. No one knows the precise timing. I’ve heard some forecasts that place the crash in the spring of 2020, and maybe we don’t see it for one or two years. Who knows? But it is coming, and I’m going to forecast that we see it before the end of Trump’s second term.
There are many major indicators pointing to a bubble and a crash. The list of economic and market warnings is beyond the scope of this article. I write about real estate on this blog, and I’ve spent a lifetime in real estate, so it’s no surprise that I would be advising you to buy real estate now. Let me make it clear–I’m recommending you don’t keep all your financial future in the stock or bond markets, but that you consider moving some of it, if not most of it, into real estate where it will be far more secure in a depression. FYI, I practiced law for 20 years, traded on my own account for years in stocks, options, and futures, and I was also a registered financial advisor and later worked for American Express Financial Services in their Bellevue, Washington office. So I do have some credibility on this subject.
My recommendation is that you consider buying a home or homes as an investment in the Sequim area. I just met with a client who is doing exactly this and moving assets from elsewhere to focus on real estate in Sequim. He will live in a beautiful Sequim home, and he will rent out his other Sequim homes. All his properties are free and clear, so even in a depression his investments will be secure. No one can take them away from him, and when the market recovers, his Sequim real estate will appreciate again. Rental income, while not guaranteed in a depression, is certainly a better source of income than stock dividends that stop entirely or bond interest at zero.
I would urge you to watch this video. Jim Willie is a very smart bond market expert, and he talks about where the market is right now, and he explains the threat to our financial futures. He could be wrong in his opinion, but I recommend listening to him and considering what he is saying.
Buying real estate in Sequim is a good idea in my opinion.
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