Inner city entry-level homes, currently priced between $400,000 and $500,000, are predicted to appreciate to $800,000 within 10 to 15 years from August 2024.
"I forecast that those houses in 10 or or or 15 years are going to be $800,000"
By 2025, interest rates and the political environment will change, leading to homeowners gaining equity in their properties and housing inventories becoming lower due to reduced new construction.
"maybe by next year when things the interest rates change and the political environment changes they will make that equity in then some because interest rate uh not only interest rates will adjust but inventories will be lower at the time since not very many people are starting olds"
