Will housing prices ever go down?
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Poast new message in this thread
Date: May 13th, 2024 9:59 AM Author: jet boyish athletic conference hall
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $15,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
(http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657419) |
Date: May 13th, 2024 10:16 AM Author: Mahogany New Version Idiot
The plummeting TFR rate, more construction and rezoning for higher density, and the dwindling savings of many Americans says yes.
What says no is:
The plummeting marriage rate means more housing necessary because two people who would have been a couple in previous generations and live in the same place now require two housing units
America is open to large scale immigration
Inflation may be permanent as long as gov uses the money printer to avoid recession. I expect this to increase to inflate away debt as well.
(http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657462)
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Date: May 13th, 2024 10:17 AM Author: Tripping Home
what would even plausibly cause this? in other words, imagine a cnn article lede: "housing prices dropped for the third straight month today as _______"
what is in the _____
(http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657465) |
Date: May 13th, 2024 10:26 AM Author: Histrionic hideous range
Look at California.
Temporary drops, sure. Long run, no. All reasons given on here.
Areas with strong schools will always perform well.
(http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47657486) |
Date: May 13th, 2024 11:25 PM Author: Curious insanely creepy selfie
Another factor to consider is we're quickly approaching a time where the elderly are rich as fuck and don't have that many kids. There are going to be A LOT of people inheriting $500,000 to $5 million in the coming years.
Supply is going to stay low because so many people are locked into their interest rates and won't sell.
So if you're bidding on houses, there's a decent chance there's going to be another bidder whose boomer parents just died and left them $750,000 in cash (because they were a nurse but they bought a house in California for $20,000 and they invested in a 401k that had 10% gains for 40+ years).
(http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47659613) |
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Date: May 14th, 2024 10:38 PM Author: Curious insanely creepy selfie
I think your own logic sort of defeats this.
By your own account, about half of boomers have $500,000 right now. Factor in that half of the country are poormos who are not in the real estate market at all.
If you're in the middle class, there's a good chance a decent chunk of money is coming your way. If you're in the upper middle class, there's a good chance a sizeable amount of money is coming your ways.
Who do you think you're competing with when you're trying to a buy a house?
(http://www.autoadmit.com/thread.php?thread_id=5528028&forum_id=2#47662349) |
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