Historically, residential real estate has to be priced at such a level that the average person can buy the average house and raise an average family in it, on the wages that are available within that particular area. It’s very local. An audience favorite, our guest this week on Retirement Lifestyle Advocates radio is Karl Denninger. Karl points out that across the US, residential real estate is 50-80 percent overvalued now. Meaning that one of two things has to happen; average wages increase, or home values decrease. Your host, Dennis Tubbergen, talks with Karl about real estate, energy, labor, and much more. Listen now!
Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World.