I see a lot of posts about how market in city A is down some % and doomers talk about a crash
But what they don't get it a 25% crash is maybe back to 18-24 months ago, and the people who could have bought then probably have even more saved now and get an even better deal. Also house buyers have paid on their mortgage so they have a bit more equity
They seem to think that the goal of a drop is to reach when they started watching the market or something #mortgage #housing
It's like the order book on a stock exchange, at some point the demand will thicken up
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A $100k home that has a 25% increase is now $125k.
If that $125k home has a 25% decrease, it is now $93,750.
There will be buyers catching the knife. This could be a slow bleed overtime, rather that capitulation like the previous crisis.