BOSTON FED PRES. WANTS TO AVOIS BOOM & BUST SITUATION
The USA cannot afford another "boost and bust cycle" in the housing market, it will undoubtedly threaten financial stability. “It’s very important for us to get back to our 2% inflation target, but the goal is for that to be sustainable. And for that to be sustainable, we can’t have a boom and bust cycle in something like real estate,” Eric Rosengren warns.
Because of the mass chaos the 2020 pandemic created, the federal goverment put many support systems in place to help keep the economy flowing along. This includes (but not limited to) the $80 billion monthly treasury debt. Now that the pandamic is slowing going away, the federal goverment support needs to also fade away. Not doing so will only feed the financial instability in the American economy.
“I’m not predicting that we’ll necessarily have a bust. But I do think it’s worth paying close attention to what’s happening in the housing market,” he adds. “You don’t want too much exuberance in the housing market. I would just highlight that boom and bust cycles in the real estate market have occurred in the United States multiple times, and around the world, and frequently as a source of financial stability concerns.” - Eric Rosengren
Because of the mass chaos the 2020 pandemic created, the federal goverment put many support systems in place to help keep the economy flowing along. This includes (but not limited to) the $80 billion monthly treasury debt. Now that the pandamic is slowing going away, the federal goverment support needs to also fade away. Not doing so will only feed the financial instability in the American economy.
“I’m not predicting that we’ll necessarily have a bust. But I do think it’s worth paying close attention to what’s happening in the housing market,” he adds. “You don’t want too much exuberance in the housing market. I would just highlight that boom and bust cycles in the real estate market have occurred in the United States multiple times, and around the world, and frequently as a source of financial stability concerns.” - Eric Rosengren
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Gary Burmylo
Agent | BSL3576128
Gary Burmylo
Agent | BSL3576128
Gary Burmylo brings with him an impressive background of valuable insight and real estate market knowledge spanning over 25 years. Before transitioning to Southwest Florida real estate, his accomplished career began in the NJ / Philadelphia area having forged his management consulting expertise working with Fortune 1,000 Companies like QVC, Penn Medicine, and CBS Television Studios to enhance their people, processes, and technology. Owner of a real estate investment firm having purchased, designed, renovated, rented, and sold dozens of his own properties, his acquired skills play a significant role in assisting buyers and sellers to visualize the potential of their current or future properties. Gary is an active member of the Bonita Estero Realtors Association. He is exceptionally proud to be associated with Orchid Realty International, where he has access to the latest technology and an extensive wealth of resources, in addition to a growing database of international buyers, sellers, and investors to further assist his clients.
Gary continues to diligently stay abreast of current market trends, and he can quickly assess whether an investment makes financial sense. Excellent negotiation skills and effective communication are the benchmarks of his success. He is organized, patient, and his client’s strongest advocate. His top priority is to provide an incomparable level of service regarding each transaction, from contract to closing.
In his free time, Gary enjoys hiking, boating, and playing with his trusted Aussiedoodle Guddu. He and his wife, Kim who owns Visiting Angels Home Care love giving back to the community and currently live in Estero.
Gary Burmylo brings with him an impressive background of valuable insight and real estate market knowledge spanning over 25 years. Before transitioning to Southwest Florida real estate, his accomplished career began in the NJ / Philadelphia area having forged his management consulting expertise working with Fortune 1,000 Companies like QVC, Penn Medicine, and CBS Television Studios to enhance their people, processes, and technology. Owner of a real estate investment firm having purchased, designed, renovated, rented, and sold dozens of his own properties, his acquired skills play a significant role in assisting buyers and sellers to visualize the potential of their current or future properties. Gary is an active member of the Bonita Estero Realtors Association. He is exceptionally proud to be associated with Orchid Realty International, where he has access to the latest technology and an extensive wealth of resources, in addition to a growing database of international buyers, sellers, and investors to further assist his clients.
Gary continues to diligently stay abreast of current market trends, and he can quickly assess whether an investment makes financial sense. Excellent negotiation skills and effective communication are the benchmarks of his success. He is organized, patient, and his client’s strongest advocate. His top priority is to provide an incomparable level of service regarding each transaction, from contract to closing.
In his free time, Gary enjoys hiking, boating, and playing with his trusted Aussiedoodle Guddu. He and his wife, Kim who owns Visiting Angels Home Care love giving back to the community and currently live in Estero.