Housing market recession is coming?

HPE Bvth
Dec 5, 2018 21 Comments

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TOP 21 Comments
  • I am waiting for this
    Dec 5, 20180
  • McAfee JohnMcPee
    I am waiting for this
    Dec 5, 20180
  • Facebook Burger 🍔
    I am waiting for this
    Dec 5, 20180
  • Google / Eng
    euos

    GoogleEng

    PRE
    Nvidia, Nokia
    euosmore
    I am waiting for this
    Dec 5, 20180
  • Facebook / Eng
    onlysmellz

    FacebookEng

    PRE
    Facebook, Google, Snapchat
    onlysmellzmore
    I am waiting for this
    Dec 5, 20180
  • PayPal fgh436
    I am waiting for this
    Dec 5, 20180
  • Walmart.com G8£r4d
    I have more than 5 real estate properties some are really high end some are average in Bay Area. As far as I can tell after talking with many builders, cooling down only happens in high end properties, medium and low end property still has a high demand. The original intention for Fed to raise interest rate was to raise average house house income while the property values are rocket climbing. But now real estate values have gone up but your TC stay the same. So I would blame company majority shareholders/Trump on this. Shortly speaking, housing will just stay flat or moderately increasing in the next two years or so. So... buy buy buy
    Dec 5, 20188
    • HPE Bvth
      OP
      But seems like the condo market is hit pretty heavily, wouldn’t that be considered low end?
      Dec 5, 2018
    • Nextdoor / MktgZ5gk3z
      How about you blame yourself for purchasing 5 properties only to rent them and not live in them?
      Dec 5, 2018
    • Walmart.com G8£r4d
      Condo/town houses are just cooling down temporarily. Most builders got the permit last year and there are ton of new constructions this summer. Fed raised interest during summer and there were panic among home buyers. The reason why it seems bad right now is due to over consumption during summer due to fear of Fed raising interest + winter always sucks
      Dec 5, 2018
    • Nextdoor / MktgZ5gk3z
      Who says “in Bay Area”. Carpet bagger alert! 🚨
      Dec 5, 2018
    • Walmart.com G8£r4d
      Why would I blame myself? I blame your TC is too low. Why don’t you buy five years ago????? There are way too many ways to get or even borrow the down payment. Blame yourself not doing enough study and also your TC.

      Easily speaking, if you 4.0 in college you have no doubt getting a 200K TC job. Saving for two years get you that down payment. I guess you just suck in many ways
      Dec 5, 2018
    • Nextdoor / MktgZ5gk3z
      5 years “in Bay Area” was still too late. I’m guessing that’s when you arrived?
      Dec 5, 2018
    • Microsoft twkh55
      I don't believe you #fakenews I'd rather believe people who don't own houses to tell me where the housing market is headed.
      Dec 6, 2018
    • New / Product
      ʕ•ٹ•ʔ

      NewProduct

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      Amazon
      ʕ•ٹ•ʔmore
      Raising interest rate leads to raise average house income??? Can't understand it.
      Dec 6, 2018
  • Microsoft twkh55
    Yes, sell your house and all your belongings now!
    Dec 5, 20180
  • Okta nfc
    As rates go up, things calm down because buying power goes down.
    Dec 5, 20180
  • Compass / Eng
    FUPayMe

    CompassEng

    PRE
    Google
    FUPayMemore
    Yep
    Dec 5, 20180
  • HPE Bvth
    OP
    You guys might not need to wait much longer :)
    Dec 5, 20180
  • Townsquare Media OfficeSlut
    Yes please!
    Dec 5, 20180
  • Microsoft Jekyll
    Hope so
    Dec 5, 20180

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