Don't housing crash doomers understand %ages?

New
pinkdino1

New

pinkdino1
21h 7 Comments

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

comments

Want to comment? LOG IN or SIGN UP
TOP 7 Comments
  • Figure
    hashto1000

    Go to company page Figure

    hashto1000
    I donโ€™t think you were able to articulate your point about percentages.

    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.
    21h 5
    • New
      pinkdino1

      New

      pinkdino1
      OP
      Yes if you save with stocks, but i wouldn't do that for a down payment to not risk it. Bonds maybe
      19h
    • Apple
      ioAF30

      Go to company page Apple

      ioAF30
      Some people will not catch the falling knife and wait for the bottom (2008 crash levels) while some others will get into the territory of house affordability at each step of price reduction and dry up the inventory at reduced costs. This triggers buying frenzy and drives up the price again. Meanwhile the folks who were waiting for the bottom snoozed and already missed the bottom. Iโ€™ve seen this play out for a decade now. Except 2021, almost every late summer / fall the prices are slightly cheaper than the spring / early summer but many people keep waiting for a larger drop. The best opportunity to buy was fall of 2019 when the prices dropped 15-20% in bay area and many people were delusional thinking this will fall to 2008 levels!
      18h
  • TikTok
    spork๐Ÿฅ„

    Go to company page TikTok

    spork๐Ÿฅ„
    These doomers make me laugh lol. Do they not understand that housing is an investment like any other? There is no guarantee that it will go up forever.
    21h 0