Posted on 12/31/2022 8:42:14 AM PST by patriot torch
If anything, the home owner can hope that building may slow, or stop altogether. It might be nice if property taxes didn’t have the excuse of the present building spree to go through the roof, too.
I’m not counting on any of it, though. Biden makes the sun shine for his grasshoppers.
The words, “You will own nothing and be happy” keeps coming to mind. The market was artificially hyped with an orchestrated and impending crash soon to follow. In my opinion what will soon follow are foreclosures that will make ‘08 look like a trial run.
Agenda 2030, the great reset.
Written and directed by the likes of Klaus schwab and associates.
Prices are coming down. So more families can buy. Why are you bitching?
Crash? So far just the foam is getting blown off the top. Reversion to actual affordability via wages rather than “investors” banking on appreciation will only support prices at half of present levels.
“Recently corporate speculators started infecting the real estate market. Those are the ones who will get burned.”
Silly capitalist. Those are the ones who will get a tax bailout.
But also consider. With millions of illegal aliens pouring in the government will be paying for their rent. And what better landlord than the politically connected crooks at Blackrock?
One thing that helps protect the housing market is the rental market. People have to live somewhere. If rents go up and apartments get harder to attain, there will be more people motivated towards buying a house despite the extra mortgage costs.
“when the low Point has been reached?”
The “low point” is zero.
Next question!
;-)
Lots of questionable assumptions in that report. The most significant of which is guessing that all inventors will sell their RE at the same time. I dont see that happening. Many big-time investors bought those homes to rent out.
Homeowners need not fear. Homeowners have a place to sleep and eat. People who own their homes or have fixed rate mortgages are unaffected by a volatile market. If you didn't own a home, you'd have to pay rent somewhere. And that rent keeps skyrocketing. Those who own homes have a lot of positives going for them.
The answer is you don't.
You buy when it dips and sell when it goes up.
Been doing this for years. I generally miss the lowest point and the highest point but I sell for more then I bought so I come out ok.
The key is not to be greedy.
I use to think that until the government posted an eminent domain claim on my property at the height of the housing insanity in 2006. Just like that it was gone. I couldn’t afford even the crappiest of place in my city. I ended up moving to another town buying at a very high price. And for fun...l The governor shut down my industry 15 years later to protect us all from the dreaded kung flu. Every awful thing in business and housing, for me, has been directly caused by government. There is no planning or accounting for the vengeance, greed, and stupidity of a bureaucrat.
Why would somebody watch a video that does not, in the original post, indicated source data or essence of asserted opinion?
That’s what stupid people do.
If someone owns their home, or has a fixed rate mortgage, then there is nothing to worry about.
I know what you’re saying but I would worry if I was upside down in that home.
Prices are coming down because interest rates are going up; affordability is lagging when combined with inflation and reduced income in many markets.
Denial and wishful thinking are difficult to deal with.
I don’t think there has ever been a single market that either rises constantly or does not fall after irrational exuberance such as that just experienced. It is tough to be one of the hopeful or greedy that get caught up in it.
The price of housing, for most buyers, went up by over 50% in the last 6 months due to interest rate increases.
It’s literally IMPOSSIBLE to come up with with a way that selling prices don’t drop down to eventually negate this effect of this.
So, yes, crash time, once again.
At the same time look at what the government did to landlords using the “pandemic” as a backdrop to prevent landlords from evicting deadbeats. By the time they were able to evict, the rentals were often in shambles and the deadbeats walked away without being held financially accountable often times. By this time landlords were under water and many simply dumped the properties. This was no fault of the landlords, but rather an attack on Capitalism by a communist leaning government.
He still lives in that same house today so all that worrying was for nothing.
With real estate, buying low and selling high is hard to do because you need a place to live. So if you sell your house at a high price, chances are you will also pay a high price for your new home. So it all sort of balances out.
Well said. Same holds true for many types of investments.
If commercial real estate never recovers because people continue to work from home, then I can see it being converted into residential which would increase the supply without necessarily increasing the demand.
If the population as a whole, or just the population of those capable of buying a home, flattens or begins to decline permanently then that would also signal long term declines in real estate values.
If the idea of a single family stand alone home is no longer considered a necessary part of the "American Dream" then single family homes will go the way of the buggy whip.
If Baby Boomers decide to scale down as they retire, especially if they fear increasing heating and AC bills in the future, then at least the larger homes will no longer go up in value but will be seen as a liability.
I believe that the reason why both Dems and Pubbies look the other way on massive legal and illegal immigration is that they believe that an ever-increasing US population means that all of the corporations that fund their elections will be guaranteed increasing profits going forward. The thing that corporations fear the most is permanent declining demand which would be the case if immigration stopped since our low birth rate is not replenishing the supply of consumers.
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