Housing market is in the beginning of an epic crash 💥
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Date: May 19th, 2022 1:47 PM Author: Vibrant Office Fat Ankles
houses in that range are still selling very quickly. Even houses in the nicer part of my neighborhood listed up to around $1.3M only stay on the market for around 2 weeks.
The houses that start approaching $2M or above and have like 6 beds seem to be languishing on the market.
I don't see the demand changing much for modest 3-4 bed houses.
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44539034) |
Date: May 19th, 2022 11:08 AM Author: Contagious place of business
lol. homes over $1m still going strong. people are still using stock money to pay for homes as cash.
now if the stock dips another 20%+, then people will start to feel they are selling stocks on the cheap. right now plenty of people are willing to trade stocks at these high prices for something like real estate
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44538019) |
Date: May 19th, 2022 11:23 AM Author: deranged low-t sound barrier
Open borders +
foreign cash buyers +
BlackRock and investors buying up SFHs +
NIMBY restrictions on building +
labor shortage in the trades +
proles overextending themselves thinking they may never get on the property ladder =
I don’t think it’s coming back anytime soon
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44538095) |
Date: May 19th, 2022 11:34 AM Author: crusty marvelous hell mad cow disease
Still selling for over asking in our area but it's taking a bit longer. They were going almost instantly.
I wonder if in a couple months the new starts will slow up making it a good chance to build (for a rental).
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44538144) |
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Date: May 19th, 2022 7:06 PM Author: Irradiated personal credit line corn cake
Yep.
But also hard to avoid larger economic fundamentals.
Higher rates + inflation + crashing dow/S&P means fewer dollars chasing after real estate. Even in expensive markets many people fund purchases with stock market gains.
We shall see!
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44540731) |
Date: May 20th, 2022 9:49 AM Author: Know-it-all amethyst set
there’s a lot more working against a crash than for it
structural shortage of supply, massive equity in homes such that even people facing foreclosure are not in the red, continuing inflation, etc
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44543398) |
Date: May 20th, 2022 10:55 AM Author: impertinent patrolman doctorate
If you own a home today and are moving and make a topping bid offer on a new home, then can move to sell your old house, aren't you asking for a lot of risk given the shaky ground?
You own two homes at the top of the market have have to sell one
If you already sold, then you are sitting pretty and maybe indifferent--that group could be the last gasp buyers out there.
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44543692) |
Date: May 21st, 2022 4:33 PM Author: Aqua pisswyrm
I live in an area on the west coast where, just 4 months ago, sellers were getting dozens of offers and houses were consistently selling for $200k over asking.
Now I’m watching several listings around me that have price reductions. In one case, they’ve made two significant price reductions in the last three weeks. And we’re just getting started 😎
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#44550542) |
Date: August 3rd, 2023 10:19 PM Author: Clear hissy fit principal's office
OMG, can’t believe how much it has crashed!!!
https://redf.in/IpKgJA
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#46627561) |
Date: December 10th, 2025 2:02 PM Author: ...,....,,........
My asshole neighbor bought their house for 400k in 2008.
They tried listing it for $950k, lol!
It's been on the market for almost a year. They've already had to drop the price twice.
The house is beautiful, but nobody in this fucking subdivision has paid north of $600k for any house over here.
(http://www.autoadmit.com/thread.php?thread_id=5112542&forum_id=2,#49499766) |
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