Is it a housing bubble?

Apr 16, 2021 9 Comments

Similar bubble occurred a few years back and the market never went significantly down. Do you think it is a housing bubble and may crash?

191 PARTICIPANTS SELECT ONLY ONE ANSWER
VOTE VIEW RESULT
9

comments

Want to comment? LOG IN or SIGN UP
  1. TOP
  2. RECENT
  3. OLD
 TOP 9 Comments
  • SuneraTech
    aomv48

    SuneraTech

    aomv48
    It is a bubble when the banks are lending at inflated values to individuals who have no ability to pay back their loans .
    However what is happening is that homes are getting cash offers from individuals who have a ton of cash left over after investing and other activities .
    Apr 16, 2021 3
    • Amazon
      oddie

      Go to company page Amazon

      oddie
      why would money dry up? any indication other than wishful thinking?
      Apr 16, 2021
    • Google
      stonkey

      Go to company page Google

      stonkey
      @oddie, see my response above. Me and you, we are safer than many in Bay Area as our employers are not Growth anymore. They are already Value and valuation multipliers are masking sense (still on the very high side but nowhere close to many recent IPOs).
      Apr 16, 2021
  • New
    JBozes

    New

    JBozes
    This time is different. Fed stepped in the last time to have a new, harder process to approve a loan. Buyers this time actually can pay for the mortgage!
    Apr 16, 2021 3
  • Chime
    bDhm

    Go to company page Chime

    PRE
    Facebook
     bDhm
    I voted no.

    1) Loans are going to the cream of the crop. I think something like 60-70% of mortgages issued last year went to people with 750-800 credit score.

    2) Return to office hasn’t even fully started and the market is on fire. Just wait until 2022 when most big tech cos have people back in person.

    3) Millennials are the largest living generation and they’re all reaching family age. It’s just been delayed compared to previous generations due to the 2008 recession and new standards for education (22/24 years old is the new 18 years old).

    4) inventory for SFH are basically capped. There’s no way to build up with SFH and there’s not enough land in central areas.
    Apr 17, 2021 0