The Longest Real Estate Cycle

There is the potential for things to continue. You could see a repeat of the 1920 scenario words. As Fred has predicted, 2026, and I agree with them. If you do get a really big jump when sentiment shifts, particularly if things have been delayed in commercial real estate markets,. as they have been over the last couple of years. That scenario might be possible. But since no one measures land prices, it's quite hard to work out. So there are signs there that people who are trying to predict the top, the markets are efficient. They will give you signals, but it just may not be where you might expect to find them.