Priced out people: it’s a bubble, the prices will crash 50% tomorrow Owners: lottsa cash out there 🍿
It will correct to a reasonable level. Higher than pre-pandemic, but lower than what it is
Does it mean we (the ones who dont own a house / who cannot afford) are screwed?
Not really. Renting is always an option.
Well, yea but after hearing my friend’s house costs him < 700/month for tax and the value is over 1.5M and increasing.
Zillow is exiting its house flipping business suggesting a likely cooling housing market. https://finance.yahoo.com/news/zillow-shuts-down-home-flipping-200500342.html
The amount of money printing was insane. We won’t be seeing prices go down significantly anytime soon.
With 20% inflation, even if there is a price correction in the future, it will be minor in the neighborhoods where people from blind want to live. This is what happened during great recession: shitty neighborhoods dropped 30+%, nice neighborhoods saw at most a 5% dip
Lol … nice dream
There are about 7 million more millennials than GenX-ers and they are entering into the home buying age, the demand for houses is gonna be high for the next two decades or so. I'm afraid prices aren't gonna go down unless builders start building like crazy or boomers move to retirement homes or the next pandemic decimates the population.
Now there might be a bunch of 3d printed houses on the market and house price might go down, imagine that
Too bad I do not have any house to cash out. So sadly and happily, crash is good for me.
Thanks for being honest