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re: If trump wins I think housing rates will drop
Posted on 5/12/24 at 8:14 am to Themicah86
Posted on 5/12/24 at 8:14 am to Themicah86
quote:
I wasn't around in those years so I can't really say for certain but I'm talking more along the lines of a house that was bought for 100k in 1992 selling for 300k in 2019 and being worth 475k in 2024. 5-8% of that number is a huge deal for anyone trying to enter the homeowner market. I'm not saying it's wrong, i'm saying it's damn near impossible for young people to own that first home
Especially since private equity is snatching them up cash, which continues contribute to current insane home prices.
First-time buyers…can’t.
2
Posted on 5/12/24 at 8:16 am to Warfox
quote:
First-time buyers…can’t.
FTH buyers make up almost 30% of all purchases in the 12mnths
Private Equity was like 28%
This is a myth
Posted on 5/12/24 at 8:23 am to Warfox
quote:
Especially since private equity is snatching them up cash, which continues contribute to current insane home prices.
Covid Cash related.
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