Media is talking about a housing bubble. How long until it corrects down?

Apple
BJvG20

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BJvG20
Apr 24 40 Comments

https://youtu.be/Ua26pgP9LEQ

Maybe not a crash but a 2018 style 10% drop

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 TOP 40 Comments
  • Meta
    dRgK3

    Go to company page Meta

    dRgK3
    until the government creates a legal limit to how much you can own or prevents companies from buying residential properties i cant see it happening

    blackrock and all these other shitbags are buying up homes and reselling them for insane prices
    Apr 24 1
    • New
      maWY32

      New

      maWY32
      They’re probably selling to each other. All these real estate startups, Zillow, etc
      Apr 25
  • Amazon
    amazonnnn

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    amazonnnn
    I already see a 10% correction happening in Eastside Seattle. Look at inventory and price drops in Snoqualmie, Bothell, Snohomish. The housing going Pending are mainly older inventory where people are likely able to offer well below list.
    Apr 24 5
  • Google
    crypgi

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    crypgi
    None of the poll answers matter, no one knows lol
    Apr 24 2
  • It won't crash hard this time since almost everybody is on fixed rates now. That's a massive difference vs 2008 since it won't cause a flood of supply due to foreclosures.
    Apr 24 11
    • Stripe
      Llama.com

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      Llama.com
      I’m talking more about say a year from now. A lot of sellers see the writing on the wall, and are listing now before things get worse. Lots of buyers are already priced out of the current market. We’ll have to see where it goes.
      Apr 24
    • I didn't say it wasnt gonna go down. It will. What I'm saying is that it won't go down as hard because there won't be a spike in monthly mortgage payment cost for existing homeowners that incur in foreclosures like it happened in 2008. Job market is still reasonably strong and that also prevents a deeper crash.
      Apr 24
  • Netflix
    He$DeadJim

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    He$DeadJim
    Wait until late summer and you’ll have your softer market. Just like every single year except for 2021. If you keep waiting for the shoe to drop for a 10% savings, you’re doing to wrong. What will your total mortgage payment be at that point with higher rates and will you actually save any money at all?

    If you need an event to buy a house, then it’ll be during the next recession after the fed lowers rates. Who knows when they’ll be.
    Apr 24 6