The housing market is about to be reset. What is the future of housing, will you be able to buy your own house in the future.

World Economic Forum vision for society after Covid was titled The Great Reset. With goals of a stakeholder economy, resilient, equitable and sustainable. Lot of positives, growth would be focused on green growth, smarter growth, and fair growth. This will be involved investment in green infrastructure, re skilling work forces.

Some groups have tried to attach some conspiracy to The Great Reset. I am not claiming that there is any new world order element attached to the Great Reset. I believe it is a positive plan at its heart.

However, some concerns have been raised around "you will own nothing and be happy". While I do not see a conspiracy I do see that owning your own home or property is becoming a harder task for both home buyers, first time buyers and investor, landlords. Governments are buying up more and more houses and there is a drive for more social and state housing.

World Economic Forum takes place in Davos and many high profile politicians and business leaders from finance and technology meet to discuss the future. The last discussion was on how to rebuild society after covid.

To think a search in to black swan events triggered this video and it got me thinking how real estate and the property market is changing.

Shane Fleming MSCIS MRICS from Fleming Real Estate.

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