If you are under 30 years old, don't buy a house right now. Here's why

Step 1: The US has just started a WAR with Iran. Trump says it could last 5 WEEKS.
Step 2: Iran BLOCKS the Strait of Hormuz. 20% of the world’s oil is currently SHUT OFF.
Step 3: Oil prices are soaring past $85 per barrel. Heading toward $100 or more. Possibly $120.
Step 4: As oil prices rise, EVERYTHING increases. Gas. Food. Transportation. Construction materials. EVERYTHING.
Step 5: Inflation IS RETURNING. The probability of the Bank of England cutting interest rates has dropped sharply from 80% to 29% in just ONE WEEK.
Step 6: If inflation returns, central banks CANNOT cut interest rates. They might even RAISE rates.
Step 7: Higher interest rates = higher mortgage rates. 7%? 8%? Possibly higher.
Step 8: Higher mortgage rates = people CAN’T afford to pay. Sellers are forced to sell en masse.
Step 9: $3.2 trillion wiped out from global stock markets in 4 days. People LOSE their deposits in the market crash.
Step 10: The Korean stock market just crashed -8% and TRIGGERED a temporary mechanism. Japan -6%. Dow Jones -1,200 points.
Step 11: When the stock market crashes, layoffs will happen. Technology. Finance. Real estate. Construction. EVERYTHING.
Step 12: People laid off with 7% mortgages that they can barely afford? They SELL. At ANY price.
Step 13: Inventory of homes SKYROCKETS. Prices FALL. 20%? 30%? In some markets — 50%.
This IS EXACTLY what happened in 2008.
Oil prices soared → inflation → interest rate hikes → stock market crash → layoffs → housing market collapse.
THE SAME CHAIN OF EVENTS IS HAPPENING RIGHT NOW. Step by step. In real time.
If you have cash, HOLD IT. The biggest buying opportunity of your life is still 12-24 months away.
If you just signed a mortgage at the peak? I’m sorry.
This is not fear. It’s math.
Bookmark this. Come back in 18 months.