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IPFS News Link • Economy - Economics USA

Important indicator shows that the U.S. is headed for its worst real estate crash...

•, by: JD Heyes

To be sure, this isn't what you would call bona fide financial advice — we don't give that here — but it is a warning if you are a property owner and you have been thinking about selling.

Now might be the perfect time to do that, while you still can.

According to The Federalist, a key indicator shows that America could be headed for its worst real estate crash in the country's history, after "a shockingly large price bubble appears to have formed."

"Although it's impossible to predict economic crashes with certainty, a key economic indicator suggests the U.S. housing market is on the verge of an unprecedented crash, one that could end up being the biggest in America's history," the piece by Justin Haskins begins.

He went on to note that following the last major real estate plunge in 2008, the Democrat-led Congress, the Federal Reserve and the administrations of outgoing President George W. Bush and incoming President Barack Obama engaged in an unprecedented effort to flood the financial system with new dollars and, to a lower extent, the economy generally.

The strategy that followed — quantitative easing along with stimulus checks, government welfare programs and government takeovers — was that the Fed, working with Congress and the White House, moved to prop up the U.S. economy and keep it from tanking completely, which, if that had happened, would have taken the global economy down as well.